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Building A Custom Home - Finalizing Your Lot

December 30, 20233 min read

Hey everyone, it's TJ from Sanctified Homes. Today, we're diving into a crucial step in the journey of building your custom home: finalizing your lot. This stage is all about ensuring the land you've set your eyes on is indeed the perfect foundation for your dream home. Let's navigate through the key considerations and steps to secure your ideal lot.

Understanding Lot Contingencies

When you find a piece of land that captures your heart, it's essential to approach the purchase with a strategy. This means tying up the lot with contingencies to ensure it meets all your needs and expectations. Contingencies are conditions that must be met before the final purchase and can include:

Perk Tests

Especially important in rural areas, a perk test will determine the type of septic system the land can support. This is crucial for understanding the feasibility and potential extra costs of building on the lot.

Reviewing Deed Restrictions and Covenants

In town or new subdivisions, understanding the deed restrictions and covenants is vital. These rules can dictate everything from side yard setbacks to the materials you can use on your home's exterior. Ensure you're aware of these details to avoid any future surprises.

Conducting Due Diligence

Tying up a lot is your opportunity to conduct thorough due diligence. This is the time to verify that the lot can accommodate the size and type of home you want to build. Consider the following:

Core Samples and Geological Surveys

In areas with challenging terrain, like rocky bluffs, understanding what lies beneath the surface is crucial. Core samples and geological surveys can reveal if you'll encounter issues like bedrock that may require blasting.

Understanding Setbacks and Soil Conditions

Every lot has its unique characteristics. Knowing the setbacks and soil conditions can influence the design and placement of your home. Ensure you're clear on these aspects to avoid costly adjustments later.

Writing the Offer

When you're ready to make an offer, having someone on your side, like a realtor or a legal advisor, is invaluable. They can help you craft an offer that protects your interests and includes all the necessary contingencies. Remember, an offer is just the beginning—it sets the stage for your due diligence and final decision.

The Importance of Flexibility

While you might have a clear vision for your custom home, flexibility is key when finalizing your lot. Be prepared to adapt your plans based on the lot's characteristics and any findings during the due diligence phase. This flexibility can save you from future headaches and ensure your home is both beautiful and structurally sound.

Conclusion

Finalizing your lot is a significant step in the journey of building a custom home. It requires careful consideration, thorough due diligence, and a bit of flexibility. By understanding the importance of contingencies, conducting proper research, and crafting a protective offer, you'll secure the perfect foundation for your dream home.

For more insights into home building and to share your experiences or questions, visit Wisconsin Home Build and Blessed to Build. Remember, every step you take is closer to the home you've always wanted. Remember to raise your standard, and we'll talk to you soon!

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TJ Vitense

Founder of Sanctified Homes and Construction & the Blessed to Build Foundation, TJ believes in raising the industry standards. With his company Strategic Real Estate Experts, he helped hundreds of families buy and sell homes. And, now manages new home construction as one of Wisconsin's best home builders.

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