No two lots are created equally! There are many things to consider when choosing your perfect piece of land to meet your needs. In our latest post, we can help you find the right building lot in Philadelphia!
If you want to buy a lot to build on in the Philadelphia area, there are a few things you will want to think about first. Before you buy a Philadelphia lot, ask yourself these questions:
Are you looking in the right neighborhoods?
You might have your heart set on a particular neighborhood. Maybe you have lived there before and want to create the same feeling. Or maybe you have heard great things and are determined to live on a certain street. While it is great that you know what you want, you can also benefit by considering options outside of your preferred area. So long as your commute or costs aren’t greatly affected, look at properties in other areas. You might be surprised at what you can find a few blocks over. Plus, maybe what you liked about an area way back when, isn’t the same thing you will find appealing today.
How much space do you need?
There might be many building lots available within local subdivisions. These lots are usually sized similarly and don’t always allow a lot of privacy. If space is what you are after, consider looking more on the outskirts of town.
What does future development look like?
Also, keep your eye on what is happening nearby. If you are interested in buying a building lot in the Philadelphia area, contact the building department to find out what is currently in the works. Commercial and private development can have an effect on your quality of life and on the value of your land.
How much privacy do you want?
Do you want to say hello to your neighbor each morning or would you prefer to only see them every few days? The point of choosing your own lot to build on isn’t just to give you the ability to build as you desire. It is also giving you the decision to pick exactly where you want to be on the map. Whether that is surrounded by neighbors or somewhere more remote is completely up to you.
Lot direction – the way a lot faces will affect the amount of sunlight it receives. Some people prefer western facing lots, while others prefer eastern. If you have architectural plans in place, see how they will work on lots facing different directions.
Future development – commercial developments nearby will impact the value or your lot and eventual home. Consider the lots around you as well. They might be empty now, but how will it be if someone builds a three-story house next door, obstructing your view?
Development – can you build a pool? add a shed? create an additional story on the house a few years down the road? Make sure that if you want to add something to the house, you know that isn’t possible before painting the picture in your head.
HOA costs – HOA costs aren’t always considered when buying a lot. You will want to see what fees you will have to pay and how they are created. Can they go up without notice?
Location within the subdivision – Some people want to be at the entrance of the subdivision for convenience while others prefer the privacy of being tucked away. Don’t just pick a lot blindly. Think of the day to day impacts on your quality of life.
Foiliage – If there are trees on the property, will they be considered an asset or an obstruction to building? While they might look pretty, it could cost you a pretty penny to clear them if they are impeding construction.