{"id":17283,"date":"2024-07-30T05:45:26","date_gmt":"2024-07-30T12:45:26","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=17283"},"modified":"2024-12-23T08:17:02","modified_gmt":"2024-12-23T16:17:02","slug":"buyer-how-to-buy-property-and-build-a-home","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/buyer-how-to-buy-property-and-build-a-home\/","title":{"rendered":"How to Buy Property and Build a Home: Your Ultimate Buyer\u2019s Guide"},"content":{"rendered":"

If you\u2019ve always dreamed of buying a piece of land and building a home on it, you\u2019re not alone! As of June 2024, a reported 1,446,000 building permits<\/a> have been issued in the U.S., an increase of 3.4% from May 2024, but a decrease of 3.1% from June 2023. Clearly, learning how to buy property and build a home is a priority for many!<\/p>\n

While not all of those homes were private builds or constructed on land separately purchased by the buyer, it\u2019s safe to say that buying land and building a house on it has become more popular than ever. The growth of remote working and draw of small-town affordability also have people leaving bigger cities<\/a> and congested areas, instead seeking more open spaces and land to build on.<\/p>\n\n\n\n\n\n

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\n \"homelight\n <\/div>\n \n

Save thousands when buying a home<\/h3>\n

HomeLight-recommended real estate agents are top-tier negotiators who understand the market data that helps you save as much as possible when buying your dream home.<\/p>\n \n

\n Find a top buyer's agent<\/a>\n <\/div>\n <\/div>\n<\/div>\n\n\n

Buying land and building<\/a> is more feasible than you might think, with plenty of options for where to find land, how to buy it, and how to build a house on it. We\u2019ve spoken to experienced real estate professionals who know the ins and outs of both buying land<\/a> and building, builders who can explain timelines of building a house, and people who\u2019ve undertaken the task of building their own custom homes, all to create a comprehensive checklist that will help you decide if buying land and building is a good option for you.<\/p>\n

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Where to find land<\/h2>\n

If you search \u201cland for sale\u201d in your area, you\u2019re likely to see plenty of what appear to be viable options for land purchases. Land-specific portals, such as landwatch.com<\/a> or landsearch.com<\/a>, will show you available properties by the hundreds and can give you a good idea as to what\u2019s out there.<\/p>\n

It can be tempting to want to jump in and grab that piece of property that\u2019s priced low and looks perfect, but New Mexico agent Jerome Leyba<\/a>, who sells homes 32% faster than the average agent in his area, suggests buyers connect with an experienced agent as opposed to just searching online.<\/p>\n

\u201cThere is an MLS<\/a> for land,\u201d he says, \u201cbut people really need to connect with an experienced agent who has the expertise to know what areas will work for the buyer, and can create a very specific search to include acreage, costs \u2014 even utilities.\u201d<\/p>\n

Leyba also notes that just because a piece of property is for sale at a low price, that doesn\u2019t mean it\u2019s suitable for building a house.<\/p>\n

\u201cI had some buyers who were working with someone who wasn\u2019t as knowledgeable, and as it turned out, their budget was not in line with what was required to develop that piece of land,\u201d he says.<\/p>\n

Securing the help of an experienced real estate<\/a> professional who specializes in helping buyers find land to build on can go a long way toward mitigating any potential issues with the property.<\/p>\n

Real estate agent Sandi Van Camp<\/a>, a 23-year veteran of the industry, has worked with multiple buyers to help them purchase land and build on it<\/a>. \u201cI work with people who want to buy property and build, as well as builders who are in development,\u201d she says.<\/p>\n

Van Camp notes that while buyers often go through builders when purchasing their property, some buy the land outright or even seek out specific areas and talk to owners about selling. \u201cPeople often do drive-bys of areas they like,\u201d she says, \u201cand we do occasionally go to farmers or others who own a large amount of acreage and ask them if they\u2019d be interested in subdividing and selling.\u201d<\/p>\n

\u201cIf you\u2019re looking for land, drive around and see what areas you like. Find an area you really want to be in, think about how much land you want, and whether you want to be in a specific county or school district,\u201d she suggests.<\/p>\n","protected":false},"excerpt":{"rendered":"

Buying land and building is more feasible than you might think, with plenty of options for how to buy property and build a home.<\/p>\n","protected":false},"author":178,"featured_media":46372,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[192,638,645],"tags":[],"class_list":["post-17283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-buyers","category-house-hunting","category-new-homes"],"acf":[],"yoast_head":"\nHow to Buy Property and Build a Home?<\/title>\n<meta name=\"description\" content=\"Buying land and building is more feasible than you might think, with plenty of options for how to buy property and build a home.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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