In the midst of the strong residential building market land developers are struggling to keep pace with the demand for developed property. But some homeowners aren’t waiting for new lots to come on line. Eager to build their dream home, they’re considering bypassing the traditional residential development and are building on larger plots of undeveloped land in rural or semi-rural locations.
In the simplest sense, developed land has been fully prepared for homebuilding while undeveloped land hasn’t; each has advantages and disadvantages. If you’re thinking about building your home on undeveloped land, be sure to consider the additional work and expenses.
Share This