One of the Top Mistakes Made in New Construction

ASSUMING THAT ACREAGE is more affordable than buying a lot in SUBDIVISION
There is an appeal of owning acreage and having enough space to tromp and roam and call your own is for many one of lifes greatest ambitions. On the surface the cost correlation between a lot in a subdivision and a acreage lot in the country often doesn’t make sense to all our us... why should I buy ¼ acre lot in a subdivision for 70K when I can buy 1 Acre in the country for 70K? Make sure that you have asked all the right questions before you understand whether or not you are truly comparing apples to apples

Question #1: Does the acreage have a valid survey that is insurable via an “EXTENDED POLICY” of title insurance through a reputable Title Company? Surveys can cost many thousands of dollars....an expense that you will not have to incur when you buy in a plated subdivision with a LOT & BLOCK legal description

Question #2: Is the acreage SEPTIC APPROVED? and if so....for WHAT SIZED HOME?...maybe it is already septic approved but the septic system approval is based only on a 3 bedroom, 2 bath home and not the 4 bedroom 3 bath home you had been dreaming of and already spent thousands designing.Making sure that you understand the value of CITY WATER & SEWER service is important and a large reason that subdivision lots are smaller and more expensive than acreage.

 My husband and I just recently found what we thought was an awesome lot it was just over an acre and rather flat in southwest Salt Lake area. However, upon inspection we discovered it had no water connected to the property, as we researched it we learned it would cost us $20,000++ depending on variables for us to out in a water line. In short what we thought was an awesome was actually a little less than fairly priced.

Question #3: Does the property have power? Do you need single phase or three phase? Power can be expensive and is typically billed by the foot and can often require additional infrastructure depending upon the homeowners requirements.

Question #4: Does the property have an “EASEMENT” allowing you access or conversely allowing others access on or through your property? Does it have a utility easement that restricts your building envelope?

Another lot my husband and I got excited upon learning more about the lot we found out that a public trail started on the property that would allow people on that part of the property, which we were not game for.

When looking at lots be aware of what is or isn't in the lot and land. If you need help finding a lot give us a call at 801-882-2622, we know how to find out everything that can help you or inhibit you from building.