Ready to Build: How to Choose the Right Location for Your New Home
Building a home in Texas is a popular option for real estate buyers and something that continues to gain traction. There are many areas in this state that are experiencing ongoing and consistent growth. Recently, the Wall Street Journal even stated there was a “land rush,” pointing out that purchasing land in the Texas Hill Country for building custom homes is one of the latest and hottest trends in the luxury real estate realm.
However, before you can put down roots and enjoy all the benefits of a custom-built home, you have to choose the right home site. This is something that can be quite challenging. You must put in time and effort to ensure your land search is successful.
Choose the Right Size
While there is a motto in Texas – “Go big or go home,” when it comes to land, this isn’t always the case. For example, that amazing 20-acre property you were considering buying may be a maintenance nightmare.
Consider what you will use the property for, carefully. Do you want somewhere to keep your horses? Do you want a retirement home? Make sure you keep in mind what you really want so you don’t get sidetracked and wind up buying a property you will regret.
Consider the Location Carefully
When you are ready to purchase land anywhere in Texas, you have more than a few options to choose from. For example, you can go with rural land that is removed from the hustle and bustle of the bigger cities to home locations in more master-planned communities with a lot of amenities for residents and located near the bigger cities.
Thinking about how you want to live will help you determine where you want to live. Sales agents who are in the areas where you are interested in should be able to help you by letting you know about the communities where the people are near your life stage and where the commute will be the easiest. They can also point you in the right direction to find areas that have the amenities you are searching for or that offer more privacy than others.
Discuss Your Options with a Lender
The process involved with purchasing land to build a custom home is much different than if you were to buy a pre-built home. Loan terms and down payments are often surprising and there may be requirements and details related to the home you want to be built that you must work through. Understanding the process upfront and getting approval for the amount needed to purchase the land and build the home you want is essential.
When you are ready to begin the process of selecting the location where your custom home will be built, get in touch with the professionals. They can guide you through this process and help ensure you find the location that meets your needs, wants, and most importantly, your budget for the purchase.