Tips for Buying Homesites, Building Custom Homes
October 28th, 2015
Las Campanas Realty Associate Broker Jerry Maher addresses the top tips for buyers considering the option of purchasing land on which to build a custom home.
Las Campanas Realty addresses the top three ways home buyers can make the optimal decision regarding the purchase of land in which to invest or build on in Santa Fe’s most sought after communities.
A resurgence in the real estate market nationally and locally, combined with the value of land in the Santa Fe market has created an opportunity for those looking for the opportunity to build a custom home on the perfect homesite in Las Campanas.
TIP #1: Visualize your dream home
Identify the size and style of your home; examine covenants & guidelines that apply. Determining the size of the home a buyer would like to build is key to choosing a neighborhood within Las Campanas. Additionally, understanding the carefully thought out, maintained, and enforced covenants, conditions, guidelines and policies that exist to help to protect and enhance values in Las Campanas is critical.
TIP #2: Get your boots dirty
Being on site with the broker to analyze lot diagrams for topography attributes, identification of utility and drainage easements, understand construction issues like location of gravity sewer limits and where the buildable areas on the lot are key elements to examining the homesite. In addition to the basic lot topography, it’s important to determine what view corridors to maximize. Without spending time actually walking the property, and even visiting at various times of day, the personality of the homesite can be lost on a potential buyer.
Las Campanas Realty partners with Master Builders who can visit the site with you and coordinate the process of building your dream home in such a way that every breathtaking view is taken into account. From determining where courtyards can go, placements of portals, landscape features, and gardens to understanding of drainage of homesites, our Master Builders can help you through the process.
TIP #3: Budget for the build, and educate yourself on incentives
While a beautiful view homesite may be eye-catching, understanding the price points and knowing the approximate cost of your per-square-foot building expense as well as the cost of a land-buying mortgage and any preparation of the property before the foundation is laid can be key in making an informed financial decision.
Las Campanas Realty features homesites starting at $100,000 for nearly an acre of land, as well as homesites that are 3+ acres. Developer homesites priced over $100,000 include an incentive of a Full Equity Golf or Full Equity Social Membership to the Club at Las Campanas. “Working only within the gates of Las Campanas allows us to focus our expertise to the homesites in Las Campanas, and to work closely with builders that have an in-depth understanding of the community’s building and architectural requirements,” said Associate Broker Jerry Maher. “Due to our close relationship with the Club, we can help with membership information as well as touring of the amenities.”
To make an appointment with Las Campanas Realty to 505.986.2000.