Mountain home land or lake front land - help!!!
BM (pnw Zone 8b)
2 years ago
Featured Answer
Comments (39)
Related Discussions
mobile homes where you own the land
Comments (25)Hi, I would like to own my own home on my own land. I am in the Boston area but willing to move further out. Does anyone know about modular home owners with land bought together in my area? There are a number of modular dealers in the Boston area. Google "modular home dealers, eastern Mass". Just remember though, modular is NOT manufactured housing. Modulars are the same as a site built home and the final product will cost the same. The only advantage is the time saved....See MoreBuying Land and Waiting to Build? Doing it all at once? Process? HELP!
Comments (10)My vote is for snatching up the land if you like it AND can afford the taxes to sit on it. You can build anything you want at any time (if you have the money). Good land that meets your needs is NOT easy to find. This is really a financial question. Keep in mind that interest rates WILL go up. There are land only mortgages that are not bad. Once you build you can refinance it into a construction loan (like 1-2 year term) that currently has like 3 percent rates. Then you can have it convert to a normal home loan. When figuring out if you can afford to build in a year or whatever, plan on your future mortgage having a higher interest rate than is available now. PS, I did this exact same thing. Bought land on a lake that I could not afford to build on. Sat on it for two years while my income came up (I was in school at the time). I used the instant equity I had in the home to help lower the down payment needed for the "permenant" regular mortgage as I snatched the land for cheap and was my own GC for the build. Basically it cost me X to buy land and build the home, but the bank appraised my finished home at X PLUS 120k. Getting the bank to appraise the place at more than I paid to build really was a game changer....See MoreTips for Buying Land, Designing and Building A Custom Home Part 1
Comments (7)The one thing I would add is don't let anyone (realtor, builder, brother-in-law) tell you that a lot is 'OK'. It's very important to do as much of your own due diligence as you can when considering your future home. We were once showed a home across the street from a sewage treatment plant. It was an ideal location for us, being very close to our son's school. We were assured by the realtor that there was 'no odor problem'. Over the next 11 years, we had the opportunity to drive by that neighborhood every day as we brought our son to school. It reeked! Outdoor activities would have been impossible many days. The realtor either didn't know, or outright lied to us. There are many tools available to check out the neighborhood. Many areas have a GIS site (Geographic Information System) to check things like flood zones, topography, crime stats, even soil types. You can zoom out to find out what else is in the area, such as a hog farm you didn't know existed. It's not a bad idea to check with the local city/county to see what kind of future plans they have for the area. You don't want to find out about the new Interstate or airport after you've built your dream home. Maybe I'm paranoid, but I never consider a parcel unless it has a current 'perk' (percolation) test for a septic system. There are work-arounds, but they are expensive, and sometimes downright ugly. Who wants a mound system in the front yard (because there wasn't room in the back)? If the lot is on city sewer, then it's not a consideration....See MoreJust purchased 1.1 acres of land need help on house orientation layout
Comments (51)His price for our floor plan design, and house position on our lot is $4,250. Does this sound like a decent price for the work that will be done? Keep in mind, we have never done this before, so just asking for advice from people who have. Thanks!...See MoreBM (pnw Zone 8b)
2 years agoBM (pnw Zone 8b)
2 years agoBM (pnw Zone 8b)
2 years agoBM (pnw Zone 8b)
2 years agoBM (pnw Zone 8b)
2 years agohomechef59
2 years agoBM (pnw Zone 8b)
2 years agoBM (pnw Zone 8b)
2 years agoBM (pnw Zone 8b)
2 years ago
Related Stories
ARCHITECTURE4 Modern New Zealand Homes Embrace Land and Sea
Journey to the southern hemisphere to see an architect's unique way of addressing the region's topography and waterside views
Full StoryVACATION HOMESWe Can Dream: Maori-Inspired Island Home With Views of Land and Sea
This family vacation house near Auckland, New Zealand, is designed to blend in with its surroundings
Full StoryGREEN BUILDING5 Vacation Homes That Live Lightly on the Land
Check out the energy-efficient elements that give these weekend getaways a green touch
Full StoryREMODELING GUIDESArchitect's Toolbox: Bridges That Unite Home and Land
Spanning an abyss or meant for a meditative meander, bridges on home sites inspire awe and wonder
Full StoryMountain Homes: Big Design for Majestic Places
Big-timbered forest and lake homes celebrate the materials and sheer scale of place
Full StoryHOUZZ CALLShow Us the Best Kitchen in the Land
The Hardworking Home: We want to see why the kitchen is the heart of the home
Full StoryFARMHOUSESWorld of Design: See How 9 Families Live and Farm on Their Land
Join us as we visit the homes and farms of passionate food producers and hear about rural life around the globe
Full StoryRUSTIC STYLEHouzz Tour: Roughing Up a Fancy Mountain Home
Overstuffed furniture, bright color, local artwork and eclectic details help a couple cozy up their home away from home
Full StoryMOVINGMaking a Home Away From Home
Feeling like a stranger in a strange land? These tips can help ease the transition after a big move
Full StoryENTRYWAYSDesigner Makes a 1906 Home’s Gracious Entry More Functional
A new landing zone and storage for coats, bags and shoes helps a Seattle family keep things tidy
Full Story
CA Kate z9