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How to Buy Land to Build a House in Orange County

So, you have decided to buy some land to build a house, and it may sound simple; however, you will find many decisions are ahead of you now. There is a great deal about the process to learn; however, many happy homeowners before you have taken the journey from finding and purchasing their land to building their homes. While it may seem a bit overwhelming to take matters into your own hands as you begin the process, you too can successfully buy land to build a house in Orange County with the following things in mind. 

Set a Realistic Budget

The budget is your starting point when you are ready to buy land to build a house in Orange County. However, much more is involved than just the cost of the land and the home’s construction. For example, if you are buying raw land, you will need to perform due diligence to ensure you can build and add utilities and that there is a right of way for access. In addition, down payments for land tend to be larger, so if you plan to finance, you should be aware that the typical amount is between twenty to fifty percent of the value; there are no improvements on the land that add value for a lender. Interest is higher for land loans, and there is no depreciation or tax write-off for undeveloped land. You will also need to budget for the costs to bring the land up to buildable condition. An experienced professional like the professional investors at H&M Realty Group can help you make sure you cover all your bases before you get started.

Search

Now that you’re ready to buy land to build a house in Orange County, there is no shortage of online listings and other sources to seek out the land you will build on. First, however, it is worth working with a local real estate professional, like the professional investors at H&M Realty Group. They are well aware of environmental and zoning laws and upcoming Orange County plans or anything else that could affect your property in the future. Once you have zeroed in on a piece of property, land surveyors can also assist you in assuring the land is suited to your specifications. Finally, reach out to trusted local builders and consider a real estate attorney to cover all of your bases. The pros at H&M Realty Group have the connections in [market_citiy] to help you find the most highly regarded professionals in the industry.

Finance

With your bids for development and your costs calculated, you can now approach your lender so that you can buy land to build a house in Orange County. The more serious your preparations are for the loan application, the more likely you are to gain the lender’s approval for your project.

Purchasing 

It is now time to make your offer to buy land to build a house in Orange County. When purchasing a home, you can negotiate contingencies into the contract to ensure that the land is suitable for building. Additionally, you can negotiate the price and then close on the deal. 

Why not reach out to the professional investors at H&M Realty Group, with the experience to help make buying land to build a house in Orange County an easy process. From selecting the perfect piece of land for your new home to closing and everything in between, you can rely on the experts at H&M Realty Group to help make buying land and building your home smooth and easy. If you are ready to buy land, why not ask about our current inventory of the best property available in Orange County. Contact H&M Realty Group today at 949-625-4533 to learn more!

Joe

Broker/Realtor/Investor/Mentor (41 years experience) Specialties: Buyer's Agent, Listing Agent, Foreclosure, Short-Sale, Property Management, Landlord I'm a Full Time Real Estate Professional, house flipper and mentor to many of my clients. I am here to help you get top dollar for your home or get you the best price for a home that you are going to live in. I have over 40 years of real estate experience for you to draw on and actively list and sell over 20 homes a year. I have sold over 600+ homes in the last ten years alone. I am a very skillful negotiator and will work diligently to help you realize the best possible price when buying or selling your home. With my Exclusive Home Acquisition & Sales System, I can find the Right Home for You! I have access to homes no other Realtor will show you. I can show you how to save an average of $10,000.00 on the purchase price. We will find a home that fits your needs, in a neighborhood that suits your style. If you are selling your home then I can bring all the professionals to you. I always include professional photos in ALL my listings. I have contractors standing by to assist with those upgrades if needed. I can also quickly get you ALL CASH offers for your home if you desire. My marketing surpasses all other agents. It begins with extensive internet advertising to hundreds of websites throughout the world. I do direct mail marketing for you home and also knock on doors in your neighborhood when I am holding an open house. I hold you home open to expose it to as many buyers as possible. My Exclusive program is designed to sell your home for Top Dollar in Any market. I am an experienced flipper here in Orange County and therefore can offer you my over 40 years of real estate experience. The information is available to you at no charge! If you like what you see, please call me and setup Your Free Consultation.

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