Step 2 - Selecting A Suitable Building Lot:
The Cost Of Buying Land In WNY
Land cost is one of the biggest variables influencing your budget when building your custom home. The more popular an area, the higher the demand for its lots, which increases the land price.
Residential building lots in the Buffalo - Niagara Falls area of WNY vary considerably in price, but are very competitively priced in comparison to most areas of the US.
Large wooded building lots at Park Place Subdivision come with all utilities, and range in price from $40,000 - $70,000.
Criteria To Consider When Buying Land In WNY
Within any given locality in WNY, some lots demand a higher price - due to availability of utilities or simply because of the particular location. Let's review some important criteria when buying a lot:
Building Lot Location
Is the lot conveniently located for work, schools and transport?
Are the lot location and the surrounding neighborhood attractive (greenspace, wooded areas, views, etc)?
Consider the quality of schools, churches, and other local facilities.
Local Zoning Restrictions
Single family or multi-family?
What are the set back lines?
Are there any building restrictions
Are there any subdivision dues, and what do they cover?
Building Lot Size
Does the lot size and shape meet your requirements?
Is the lot deep and wide enough to support your house plan (take front and side set backs into account, as well as driveway width for side-loading garages)?
How close will your neighbors be?
Building Lot Ground Conditions
Does the lot slope enough or too much?
Does the lot have any trees?
Is the lot in rocky area (your basement excavation may require blasting)?
Building Lot Utilities
Does the lot have access to treated water?
Does the lot have access to sewers (for a septic system you may require a 'perc test')?
Are gas, electric, phones and cable available?
Building Lot Price
Is this lot price competitive in the surrounding area?
Will you need to add utilities? (This will increase both the cost and the value of your lot).
Advice When Buying Land In WNY
Park Place Subdivision highly recommends that you team up with an experienced local Realtor. The right Realtor will help you find the ideal lot for your dream home in WNY, and guide you through the process of buying a lot in the most cost-effective and efficient way. |
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