1. PURCHASE LAND
Before even thinking of the type of house you would like to build, it is important to have land to build it on. It would be wise to consult your bank loan officer or mortgage broker to discuss how much you can afford when purchasing a piece of land for your home. After this discussion takes place and you have an amount in mind there are simple steps to get you through the rest of this process.
1. Make a list of features you want out of the land. This might include how much space you need, privacy, a view, waterfront advantages, etc. Be sure to check the type of soil that the ground is made of as certain types of soil will make construction difficult and more costly.
2. Determine land usage- This includes what you want to place on the land including your house, recreation, garage, etc. Check to ensure that utilities can be easily run to the land. If the utility company must re-route things to make your land habitable it could take a huge chunk out of your budget.
3. Begin your search- Once you've followed through with the previous steps; begin looking for For Sale signs. Drive around areas you would like to live and look for property that is available. You can also search online. Land and Farm has access to available land all over the world. You can also check with a local Realtor to aid you in your search.
4. Purchase land- Once you've found land you would like to build your dream house on, talk to your bank loan officer or mortgage broker and close the deal on your piece of land.