Building your dream house is an exciting proposition you can look forward to, but it is one that takes some groundwork. Investing in Okeechobee land for sale is the first step in the process that will give you a new lifestyle and a much-needed change of scene. Choosing the right lot is not difficult if you keep certain key points in mind.
First you must look at your financial picture and overall budget for the project. You have to calculate what your home is worth now and the likely price of sale. Is the cost of comparable to the structure on the new site? You also need financing and a time frame that is workable and feasible for relocation. The area or neighborhood of the lot will determine the price. As always, it is location, location, and location. You want to get the most you can for a fair price.
Choosing your location is critical, but you will pay for a good one. If you want an upper middle class neighborhood, for example, zoned for single family homes, it will have a stated market value. If you want to live higher, it will be that much more. Proximity to public transportation adds to the price as do schools, parks, community pools, shops, and restaurants. If you want to be able to walk in the woods or on the beach, so be it. Just set your sights accordingly.
The location is an important factor, but so is the actual nature of the lot. If it has at least a 2 grade, you will have easy water runoff to avoid flooding. It also should have ample space for a yard and/or pool. If you want a garden or guest house, add some footage to the bare essentials.
If you look more deeply, you will have to consider the grade of the land. You will need at least 2% for water runoff. Then you will need a certain amount of space for a yard and/or pool. If you want a guest house, you will add that to the equation. It all comes down to price to get what you want.
The sale of raw land can be tricky depending upon the owner and if there are any liens. There should be no issue as to title before a transfer can take place. Then there is the possibility that the property is bank owned, requiring many months of paperwork.
The more you plan, the fewer expenses upgrades and changes you will have to make later on. It is best to avoid mistakes from the very start. Planning also includes financing and bank approval. If the land is encumbered with liens, for example, it could take months to iron out. If it is a short sale, it will take time. In any case, some banks have strict requirements before granting approval.
The fun part starts when you begin to envision the floor plan and layout. The need to decide on paint colors, trim, bathroom and kitchen finishes, floors, and more. You may want to rely on your builder but most people hire the services of a professional decorator to make sure it all gets done right. It is best to work together as a team to accommodate your every need. In the long run, you will have your dream house.
First you must look at your financial picture and overall budget for the project. You have to calculate what your home is worth now and the likely price of sale. Is the cost of comparable to the structure on the new site? You also need financing and a time frame that is workable and feasible for relocation. The area or neighborhood of the lot will determine the price. As always, it is location, location, and location. You want to get the most you can for a fair price.
Choosing your location is critical, but you will pay for a good one. If you want an upper middle class neighborhood, for example, zoned for single family homes, it will have a stated market value. If you want to live higher, it will be that much more. Proximity to public transportation adds to the price as do schools, parks, community pools, shops, and restaurants. If you want to be able to walk in the woods or on the beach, so be it. Just set your sights accordingly.
The location is an important factor, but so is the actual nature of the lot. If it has at least a 2 grade, you will have easy water runoff to avoid flooding. It also should have ample space for a yard and/or pool. If you want a garden or guest house, add some footage to the bare essentials.
If you look more deeply, you will have to consider the grade of the land. You will need at least 2% for water runoff. Then you will need a certain amount of space for a yard and/or pool. If you want a guest house, you will add that to the equation. It all comes down to price to get what you want.
The sale of raw land can be tricky depending upon the owner and if there are any liens. There should be no issue as to title before a transfer can take place. Then there is the possibility that the property is bank owned, requiring many months of paperwork.
The more you plan, the fewer expenses upgrades and changes you will have to make later on. It is best to avoid mistakes from the very start. Planning also includes financing and bank approval. If the land is encumbered with liens, for example, it could take months to iron out. If it is a short sale, it will take time. In any case, some banks have strict requirements before granting approval.
The fun part starts when you begin to envision the floor plan and layout. The need to decide on paint colors, trim, bathroom and kitchen finishes, floors, and more. You may want to rely on your builder but most people hire the services of a professional decorator to make sure it all gets done right. It is best to work together as a team to accommodate your every need. In the long run, you will have your dream house.
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