Of all the decisions that go into new construction, perhaps most important is the lot choice. It’s one of the first major decisions that must be made, and it will influence every decision that comes after. There are countless factors that could be considered, and choosing the right lot will always be a matter of personal preference. There are, however, a few broadly applicable tips prospective buyers can use when selecting lots. Here are some tips for choosing a lot for new construction from MLM Incorporated, one of Louisiana’s top-rated property developers.
Know What You Want for the Big Picture
The first thing to ask is what purpose the new construction will serve. There is, of course, a big difference between a lot suited for commercial construction and one suited for residential construction. But even within those two broad categories, buyers should envision what they want in a finished product. A residential lot might be well suited for a rental property, but if the owner plans to live there with a family in the future, they might also consider things like the school district and the size of the yard. A person building a retirement home might be comfortable building a house on a slope now but regret having to climb stairs later in life. Prospective buyers should set priorities based on long-term plans for the property.
Investigate Zoning Maps
Neighborhoods are constantly evolving, and zoning laws set the ground rules for that change. A property with a vacant lot next door might offer a desirable buffer, but most lots don’t stay vacant forever. Understanding what the neighborhood is zoned for will allow a property owner to predict future growth and account for it in selecting a lot.
MLM Incorporated has years of experience developing residential and commercial properties. We can walk you through every step and provide professional guidance from lot selection all the way to property management. Check out our new construction process to see how we can help turn your vision into a reality.