Looking for land for a custom home? Undeveloped land can be worth it.
Building a new home is the dream of many, but you have choices when it comes to the land you use. For example, you can choose your geography, such as a waterfront property or a pocket of land in the woods. The property must also have residential zoning for you to build a home there. Then, you can choose between developed and undeveloped land. Which would it be for you? Is undeveloped land worth it?
What Is Undeveloped Land?
Undeveloped land is also known as raw land, but the true definition varies. It may be as developed as having a short gravel driveway or as undeveloped as having no touch of man on it whatsoever. This property type does not have any utility lines on it or any man-made structure, save a minimal one.
The Costs of Undeveloped Land
Undeveloped land may look very attractive because of how much cheaper it can be compared to developed residential land that is building-ready. However, you must add up the total costs that will make it ready for your new home construction.
You will need to add up the costs of installing water, sewer, electricity, and gas lines. Do your research and ask reputable authorities for insights.
In addition, you must consider the cost of transporting building materials to your location. How rural and easy to access is your property? The easier it is to access, the lower the cost will be. You may find that building a suitable house on your undeveloped land is more affordable than you think!
Advantages of Undeveloped Land
Undeveloped land has multiple benefits:
- Lower cost
- Little to no maintenance costs
- Low taxes
- Plenty of options
- Low competition
- Return on investment
Disadvantages of Undeveloped Land
What are the disadvantages of this type of land to look out for?
- Longer time before you can move into your new home
- Dealing with permits
- Higher down payment
- Possible zoning restrictions
Shore-Line Construction can help make finding the best property easier for you, besides building your home!
LEARN MORE WITH SHORE-LINE CONSTRUCTION!
At Shore-Line Construction, we know that your home is a reflection of you. That’s why we strive to make each home we build as beautiful as the family who will live there. We work with each of our clients to design a home that fits their needs. The end result is a durable, energy-efficient custom home that the family will enjoy for generations to come. Shore-Line Construction has been serving our customers for over 25 years, and we look forward to the opportunity to help you!
If you’re interested in learning more about what Shore-Line Construction can do for you, check out our website or give us a call at 410-574-6623. Keep up with all of the latest news by following our blog and social media pages on Facebook, YouTube, Pinterest, and Houzz!
