It can be a great decision to buy land for the construction of a new home. It is a decision that you should research before making the leap to build your dream home. A traditional mortgage is not available for home builders. A different loan type will be required until your home is completed before you can apply for a permanent mortgage.
HOW TO BUY AND CONSTRUCT A NEW HOME
Building a house on land that you have previously purchased requires some basic steps. This post will give you 10 reasons to first buy land and then build your home.
1. Locate the land parcel you wish to purchase.
A trusted, knowledgeable real estate agent.
Through your home builder.
All by yourself.