MINT HILL, NC – When you can’t seem to find the perfect house, you can choose to buy a vacant lot and build the house you want. Finding the right vacant lot isn’t always easy, but it might be easier than finding the perfect existing home.

A raw, untouched piece of land can provide just what you need to build the home of your dreams. Let’s look at a few things to know when you want to buy a vacant lot for your dream house.

Check the Utilities

If you’re buying a vacant lot in a neighborhood, this likely won’t be an issue. However, if it’s a newer development or not in a neighborhood, you want to check the following:

• Find out where your water and sewer connections will come from
• Figure out if you will have electricity, natural gas, etc.
• Check the internet, cable, and phone services for the area.
• Check the water rights, as they may not convey with land and you might not be able to dig a well.

Of course, when you hire a real estate agent in Mint Hill to help with this process, you’ll have expert advice when buying a vacant lot.

Zoning and Land Access

Another important part of buying a vacant lot is the land access and zoning. You might want to buy land, but it’s not accessible by a public road. Make sure you find out what type of access you will have before deciding to make your purchase.

It’s also important to check the zoning. If the property has any deed restrictions, you want to know about these, too. For example, you may not be able to put a manufactured home on the lot.

Understand the Land Financing

While you can certainly get a land loan from a bank, these loans are rather risky for banks. They will likely want a shorter term and a higher down payment to mitigate the risk. You may also need a higher credit score to get a land loan.

It’s also possible to get an unsecured personal loan to buy land. If you already own a home currently, a home equity loan or a line of credit can also be used to buy land. Make sure you know the different financing options if you don’t have the cash to buy your land.

When you’re struggling to find the perfect Mint Hill home for sale, you might want to consider a vacant lot. If you’re buying a lot in a development, you will likely find it much easier than buying land outside of a development. Either way, with a good real estate agent, you’ll get the advice you need throughout the process.

I would love to be part of your journey when the time is right for you. If you ever have a real estate question or need, or know someone who does, trust that you can turn to me.  I will help you make the right move! Anna Granger (704) 650-5707 | annagrangerhomes@gmail.com | www.1stchoicepropertiesinc.com