If you are thinking about buying raw land to build on, you may be looking for land in an ideal location and that is available at a great price. While it seemingly makes sense to only look at raw land, there are good reasons why an occupied or developed lot may be a better option. A demolition company could remove the structure on the property so that you have a clean slate to work with. There are several reasons why an occupied lot could be a cheaper alternative to raw land.
The Utilities Are in Place
In many cases, raw land does not yet have utilities run to it. After buying the land, you may have to pay for electricity, water, and other utilities to be connected to your property. This takes a considerable amount of time, and it could delay the construction process. More than that, it could cost you a sizable amount of money. Occupied or developed land, on the other hand, usually has utilities already run to it, and this could save you a substantial amount of money.
A Foundation May Be Available
One of the more significant aspects associated with building a new home relates to pouring the foundation. Remember that the foundation may also have pipes for fresh water and sewage waste laid into it. When you purchase land that already had a foundation built on it, you can save money on the concrete pouring aspect, land surveying and even preliminary plumbing services.
The Lot Is Cleared
Another great reason to use a developed parcel of land is that the lot has already been cleared. Raw land typically has bushes, shrubs, and even huge trees that must be removed before the construction crew can begin working. This type of demolition can be expensive. In some cases, it may be more affordable to simply demolish an existing structure that is in poor condition with the help of a company like Alliance Demolition Services Inc than to prepare the raw land to build on.
Making a decision about which parcel of land to purchase for your home building plans is not easy. You may be concerned about finding the perfect location. Perhaps you need to stay within a certain budget, and you may want to find land that has an excellent view or other features. When you limit your search only to raw land, you are excluding many incredible properties. More than that, you may be missing out on the opportunity to save money in different ways by purchasing an occupied lot.