Choosing A Lot in Edina As A First Time Homebuyer

Did you ever consider building your own dream Edina homes? The first thing that you have to do to achieve this dream is to find the right piece of property. There are some things that you have to take into consideration aside from where it is located, there are different types and styles of real estate properties to choose from. In addition to these, it is best that you are aware of such things such as the lots accessibility to power and other important amenities and the natural features that are found in the area.

In the book, “Tips and Traps When Buying a Home”, written by Robert Irwin, the author recommends using a checklist when searching for a lot as a first time home buyer. This checklist will help ensure that critical details are not missed when you go about finding the right property. Here are some essential tips on how to choose the right property:

1. Map out the nearest cities and towns. If the lot that you are interested in is located in a rural area, find out how near the towns and cities are. You may have the need to commute from your new home to work or bring your children to school. Knowing what the access roads are and the distance of your commute to places that you need to go will allow you to see what kind of lifestyle you might have if you choose to buy that lot.

2. See the natural features. Are there many trees in and around the property? Is it near a water form like a lake or a stream? How far away are these natural features from the lot you are interested in? There are many buyers who overlook these kind of details when they decide to purchase a property to build their home in. Keep in mind that when you build a home close to a lake or forest, you may have to deal with flooding during certain times of the year or deal with the wildlife in the area.

3. Check the water source. If you build a home in an urban area, you may not have to worry about where you will get your water from. If you decide to build your home in the countryside, you may need to find a private water company or find alternative solutions to be able to get water into your home.

4. Find out the soil quality. When you plan to build a new home, you have to know the quality of the soil you will be building on. This is an important factor as it will ensure that your new home is going to have a solid foundation. There are professionals you can hire to assess the soil quality of the lot if you do not know how to check it.

5. Find out about building restrictions. Knowing what the building restrictions are in the area that you plan to build a new home will aid you in your planning. It is highly possible that there are restrictions on what you can build, how much you can renovate or remodel, especially if the property is located near a national forest, a wildlife preserve or a major landmark. Being aware of any restrictions will can help you decide what to do and save you from investing in something that you might regret on a later date.

In addition to reviewing the physical features of the lot as a first time homebuyer, you will need to review the title in detail. Make sure that you can get a clear title, and that there are no easements of any kind on the lot. This can make it much easier to go through the home buying process and sign off on your new purchase when you want to.

Alexandria P. Anderson is a licensed Minnesota Realtor that offers Edina real estate to people who want to purchase Edina homes or other properties in MN.

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