Building your dream house is an exciting proposition you can look forward to, but it is one that takes some groundwork. Investing in Okeechobee land for sale is the first step in the process that will give you a new lifestyle and a much-needed change of scene. Choosing the right lot is not difficult if you keep certain key points in mind.
First you must look at your financial picture and overall budget for the project. You have to calculate what your home is worth now and the likely price of sale. Is the cost of comparable to the structure on the new site? You also need financing and a time frame that is workable and feasible for relocation. The area or neighborhood of the lot will determine the price. As always, it is location, location, and location. You want to get the most you can for a fair price.
Choosing your location is critical, but you will pay for a good one. If you want an upper middle class neighborhood, for example, zoned for single family homes, it will have a stated market value. If you want to live higher, it will be that much more. Proximity to public transportation adds to the price as do schools, parks, community pools, shops, and restaurants. If you want to be able to walk in the woods or on the beach, so be it. Just set your sights accordingly.
The location is an important factor, but so is the actual nature of the lot. If it has at least a 2 grade, you will have easy water runoff to avoid flooding. It also should have ample space for a yard and/or pool. If you want a garden or guest house, add some footage to the bare essentials.
It will be necessary to construct a budget before touring vacant lots in your desired area. You will no doubt take the current value of your home into consideration. When you buy the lot, you add the cost of the new structure together with property taxes to get a net total expenditure. You then factor in financing costs of any amount due after the resale of your primary home.
Next, don't forget to delve into the local utility situation: water, natural gas, electricity, and sewage. These things should be in place even for raw land, unless it is a new development. You may have to do some research to be sure. It is often overlooked that recycled water, for example, can be a real cost saver.
The more you plan, the fewer expenses upgrades and changes you will have to make later on. It is best to avoid mistakes from the very start. Planning also includes financing and bank approval. If the land is encumbered with liens, for example, it could take months to iron out. If it is a short sale, it will take time. In any case, some banks have strict requirements before granting approval.
The fun part starts when you begin to envision the floor plan and layout. The need to decide on paint colors, trim, bathroom and kitchen finishes, floors, and more. You may want to rely on your builder but most people hire the services of a professional decorator to make sure it all gets done right. It is best to work together as a team to accommodate your every need. In the long run, you will have your dream house.
First you must look at your financial picture and overall budget for the project. You have to calculate what your home is worth now and the likely price of sale. Is the cost of comparable to the structure on the new site? You also need financing and a time frame that is workable and feasible for relocation. The area or neighborhood of the lot will determine the price. As always, it is location, location, and location. You want to get the most you can for a fair price.
Choosing your location is critical, but you will pay for a good one. If you want an upper middle class neighborhood, for example, zoned for single family homes, it will have a stated market value. If you want to live higher, it will be that much more. Proximity to public transportation adds to the price as do schools, parks, community pools, shops, and restaurants. If you want to be able to walk in the woods or on the beach, so be it. Just set your sights accordingly.
The location is an important factor, but so is the actual nature of the lot. If it has at least a 2 grade, you will have easy water runoff to avoid flooding. It also should have ample space for a yard and/or pool. If you want a garden or guest house, add some footage to the bare essentials.
It will be necessary to construct a budget before touring vacant lots in your desired area. You will no doubt take the current value of your home into consideration. When you buy the lot, you add the cost of the new structure together with property taxes to get a net total expenditure. You then factor in financing costs of any amount due after the resale of your primary home.
Next, don't forget to delve into the local utility situation: water, natural gas, electricity, and sewage. These things should be in place even for raw land, unless it is a new development. You may have to do some research to be sure. It is often overlooked that recycled water, for example, can be a real cost saver.
The more you plan, the fewer expenses upgrades and changes you will have to make later on. It is best to avoid mistakes from the very start. Planning also includes financing and bank approval. If the land is encumbered with liens, for example, it could take months to iron out. If it is a short sale, it will take time. In any case, some banks have strict requirements before granting approval.
The fun part starts when you begin to envision the floor plan and layout. The need to decide on paint colors, trim, bathroom and kitchen finishes, floors, and more. You may want to rely on your builder but most people hire the services of a professional decorator to make sure it all gets done right. It is best to work together as a team to accommodate your every need. In the long run, you will have your dream house.
About the Author:
If you are searching for information regarding Okeechobee land for sale, you should pay a visit to our web pages online here today. Additional details are available at http://tucker-group.com now.
