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Thursday 3 September 2015

Tips On Investing In Okeechobee Land For Sale

By Daphne Bowen


It's time to build a custom home and you are looking for a lot. Investing in Okeechobee land for sale is the first step in the process of relocation. It is wise to take notes and itemize your needs before you begin looking to be sure you get the size and neighborhood you want.

A dream house means an upgrade in lifestyle and a new lease on life for the whole family. It is an exciting process to be sure. Think about your new needs: how many bedrooms and bathrooms? What size and style of kitchen? There are numerous considerations before you get too far.

You can get your dream home by starting from scratch. This will be the location where memories are made. A lot might not look like much, but it is the foundation, literally and figuratively. What is in the area? Are there cafes, shops, a beach or public pool? Can you go for lazy Sunday walks in scenic surroundings? All these factors add up to a decision of importance.

Land can be more expensive in the hills, especially if there is a view. The nature of the residential area also matters: is it middle or upper middle class? You probably want at least enough grade for easy water runoff and enough flat land for a yard. A difficult lot means greater building costs for the home. You also want to check out local services and utilities such as water, electricity, sewer, and gas. These are not to be taken for granted and can impact the lot price. If recycled water is available, for example, it could be a cost saving feature.

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.

To calculate your budget, you will first consider the resale value of your home at the mid-range. After this you will itemize the cost of a replacement home, the same or better, on your lot. Add property taxes and you will have net expenditures. You will have to line up financing, of course, prior to any commitment. Banks will be difficult to work with on short sales or if there are any encumbrances on the property such as liens. If this is not all ironed out in advance, it could jeopardize the lot acquisition.

The food part comes shortly after securing the lot. You know its square footage or acreage and you can start to design a floor plan. You will then decide on the number of bedrooms and bathrooms as well as the floor, bathroom, and kitchen finishes. It is best to know what you want upfront to avoid costly errors and later inconvenient updates. You can of course use your builder but you may want a decorator and a landscape architect.

When all is said and done, you will have the home of your dreams designed and executed to your explicit specifications. You are ready to move in and begin again. Fresh surroundings always add vigor to one's existence, and a new lease on life.




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