Raleigh NC New Homes: Communities, Lots and Land in the Triangle: How To Buy Land Step 5 - Total Construction Cost

How To Buy Land Step 5 - Total Construction Cost

Custom Homes Raleigh NC

How to Buy a Lot - Step 5

What Will The Total Cost of the Home Be?

How to Make Sure You Can Afford to Build Your Home Here

Buying a lot or land for your new custom home can involve some big decisions!  By following these five steps, you'll find the right location, something that fits your lifestyle and your budget, with the beautiful surrounds so common in the Raleigh area.

How Much Will the Total Construction Package Cost? 

All lots and land under consideration will be some combination of location, size, amenities, cost, and buildability.  As you begin to narrow down your options, you may decide that some factors are more important than others. 

How To Buy Land - Raleigh Custom Homes - New Homes in Raleigh NC - Build on Your LotBuilding the Same Home Can Cost More on Some Lots

Don't worry, a good builder will work with you to make sure you're aware of any incremental costs involved in one lot over another.  At Stanton Homes, we provide a full cost comparison of your favorite lots or land, with these types of factors all considered:

Sewer or Septic - Building Costs

Sewer fees can vary considerably, from $1500 in some locations to $7K or more in Cary NC.  If a septic is required (which is very often the case in North Carolina, especially on lots over half an acre), cost can vary from about $3500 to more than $10K. 

Your builder can obtain a copy of the improvement permit and provide an accurate quote for septic or sewer costs.  A lot with a lower upfront cost may have some higher "site costs". 

Water or Well - Building Costs

The cost of providing fresh water for your home can vary.  Community water fees can be $500 or less.  Water hook up fees can vary from less than $1000 to more than $7K.  And a well can commonly cost anywhere from $5K to $8K.   Many times fees are dependent on the size of the home.  Your builder should factor in hook up fees, trenching, and any additional permits. 

How To Buy Land - Raleigh Custom Homes - New Homes in Raleigh NC - Build on Your LotDevelopment - Building Costs

If the lot or land listing notes "water nearby" or "sewer nearby", you'll want your builder or land agent to find out what "nearby" means.  Even if the pipes are in the middle of the street rather than on the edge of your lot, there will be extra cost to pay for the city or county to come out, dig up the pipes, extend them to your property line, then charge to "tap" those lines for your home. 

Permits and Fees - Building Costs

Each city and county has their own list of permits and fees.  Your builder should be able to provide an estimate specific to the exact location or locations you have in mind.  Permits and fees depends on the location of the home, as well as the size of the home, based on total square footage (heated and unheated, including covered porches and garages).

Clearing and Lot Preparation - Building CostsHow To Buy Land Step 5 - Total Construction Cost

The lot conditions will affect the cost of your new custom home.  A sloped lot will require additional foundation work. 

A heavily wooded lot will need additional equipment to clear enough room for the home to be placed. 

A very large lot may require additional driveway.  Talk to your builder about where you want your home positioned. 

Most of these costs can be estimated with a site inspection. 

It's Really Not That Scary!

A good builder will provide a full breakdown of all costs involved in building your home at a particular location.  But make sure they are aware of exactly where you'd like to build, and make sure they are willing to guarantee their costs.

A lot or piece of land with a lower price tag may have some higher building costs, particularly in sought after areas like Cary, North Raleigh, Chapel Hill, or Holly Springs.  Just ask your builder or land agent to help you do your research, and you'll be confident that you're making a great decision. 

If this sounds overwhelming - don't worry!  At Stanton Homes, we work to provide you with all the information you need to make a good decision, including free lot inspections, research on your lot, and much more. 

Just contact us or call 919-278-8070, and we'll answer any questions you have about how to buy land and make sure you can build the custom home you're looking for on your lot.  

Browse Raleigh Area Lots and Land for Sale

 

Five Easy Steps to Finding the Right Lot or Land for Your New Raleigh Home

Don't worry, at Stanton Homes we help throughout the entire process of finding a lot or land and building your new custom home, and are here to answer any questions you may have.

 

Buying a Lot or Land Step 1: What's Your Budget?

Buying a Lot or Land Step 2: What Amenites Should You Consider?

Buying a Lot or Land Lot Step 3: Determine Your Lot Size

Buying a Lot or Land Step 4:  Is Your Lot Buildable?  How Do You Know?

Buying a Lot or Land Step 5:  What is the Total Construction Cost for Your Lot? (Avoiding Hidden Costs)

 

How To Buy Land - Raleigh Custom Homes - New Homes in Raleigh NC - Build on Your Lot

 

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Copyright Stanton Homes 2012.    Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any claims.  Buyer or buyers agent to verify all information before purchase. 

 

Available New Homes:

129 Brookhaven Way – 3358 Sq Ft – First Floor Master – Under Construction Now

152 Brookhaven Way – 3474 Sq Ft – First Floor Master – Under Construction Now

Choose Your Plan -- Browse Floor Plans Here

 

New Custom Homes in the Raleigh Area - and throughout central North Carolina

 

New Homes Raleigh NC - New Home Raleigh - Raleigh NC New Homes - New Home Raleigh NCStanton Homes makes building your new custom home easy!  We'll guide you through the entire process - select from thousands of different floor plans, and hundreds of different locations.  Your custom home is going to be extraordinary when you create it with one of the nation’s top fully involved builders and the high quality materials and craftsmanship that our reputation is built on.

Call 919-278-8070 to find out more about new homes in the Raleigh area today. 

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Articles copyright Stanton Homes 2006-2017.  Unauthorized use is not permitted.  Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements.  Please note:  all listing information per MLS, and current as of posting date.  Information subject to change.  Stanton Homes does not make claims to ownership of  any lot listings, but can work with homebuyers to purchase available lots and build.  Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions.  Ask for further information regarding any community, lot or floor plan.  Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area.  No claim of ownership is made to homes or land pictured.  

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Comment balloon 0 commentsStanton Homes • August 25 2009 05:41AM

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