Planning Your OBX Lot Purchase

If you are planning on spending extended periods of time on the Outer Banks and also want a quality home with many new features, then purchasing a lot and building is a common solution. So, what should you do to prepare for a lot purchase?

Planning Your OBX Lot PurchaseProbably the first thing to do is decide how you are going to use the property and what area of the island you prefer.  For example, if you plan on getting some rental income from the house then purchasing in the island’s maritime forest is probably not the best idea.

Second, you should determine what type of house you want.  If your goal is to eventually avoid climbing steps, then you don’t want a house with the kitchen on the top floor unless you are going to install an elevator.

Third, determine how you are going to pay for the lot.  Financing just the lot or financing the lot and the construction of the home takes time. Being able to close on the lot quickly may result in the seller being more negotiable. Also, sellers do not want to wait for you to complete your house drawings, get the construction quote and then going through the financing process.  Paying cash or being pre-qualified to purchase just the lot gives you the best chance of obtaining the property.

When you are ready to purchase, it’s a good idea to walk the lot with Sandmark Custom Homes. Most times they can give you a good idea if a house similar to what you want will work on the lot you’re interested in.  They can also give you a good idea of what it will cost to prepare the lot for your new home. Following this plan will help you save time in the long run.  Please call on Sandmark Custom Homes to help you through the lot purchasing process.