Winter Garden is a truly magical place that skillfully blends the warmth of a small-town community with the vibrancy of a bustling, hip atmosphere. Unlike some growing communities that lose their essence, Winter Garden has flourished by investing in public spaces, carefully managing expansion, and fostering a strong sense of community through abundant recreational and retail opportunities.
Strolling along the historic downtown's wide, tree-lined streets, you'll find amidst brick-lined pathways adorned with sidewalk cafés and farm-to-table restaurants, creating a charming ambiance. The lively public plazas are a hub of activity every weekend, hosting legendary farmers' markets, classic car shows, outdoor concerts, and parades of local cyclists.
If you’ve been looking at new homes for sale in Winter Garden, you might’ve considered building your own. Buying land and building your ideal home is a big decision, and you’ll first have to make some essential choices, such as whether to purchase the land or hire a builder first. There is no right or wrong answer, but working with an expert can help you navigate every step of the process. Here are several essential tips from an expert Winter Garden real estate agent to help you decide whether you should purchase a lot before hiring a builder.
Should you purchase land first?
In certain situations, buyers are so drawn to a specific location that they acquire the land without immediate construction plans. They may wish to have the perfect lot reserved for future building endeavors. Moreover, some homebuyers prefer to find the ideal location and then explore various builders to determine the best fit for their lot and budget. Financial considerations also play a role, with some buyers purchasing the land first to rebuild their savings before embarking on the home-building journey through a builder.
The appeal of buying land first lies in the opportunity to construct a house tailored precisely to the unique features of the land and the breathtaking views it offers, adding a touch of personalization to the entire home-building experience.
Pros and cons of buying land first
You can take the time to explore different neighborhoods, consider the surrounding amenities, assess the landscape and views, and envision your dream home perfectly fitting the desired spot. It's an opportunity to find a piece of land that meets your practical needs and tugs at your emotions.
You’ll be in charge of the process
Owning a lot gives lenders a tangible asset against which they can extend a construction loan. This added security can increase your chances of qualifying for a more considerable loan amount. Depending on your financial standing and the value of the land, some banks may be willing to cover the entirety of your building expenses with a construction loan, providing you with the necessary funds to bring your vision to life.
Lack of knowledge
The intricacies of land evaluation go beyond simply choosing a visually appealing location. Factors such as soil composition, topography, drainage, and environmental considerations play a crucial role in determining the viability of the land for building. With the expertise of a professional, it can be easier for buyers to identify potential issues that may arise during the construction process, leading to unexpected delays and costs.
You need to understand land topography
Designing a home tailored to the land ensures that the structure integrates harmoniously with the natural surroundings, taking advantage of the landscape's beauty and maximizing its unique attributes. However, be mindful that certain topographical constraints may impact the building process and limit the freedom to design your ideal home.