Buying land can be both an excellent investment and an incredible way to create a home unique to you and your tastes. Here are a few things to keep in mind when deciding whether or not you should purchase land. 

 

 

If you’ve spent years envisioning your perfect Colorado homestead, you likely don’t want to budge on the design. Buying property can be an excellent way to ensure you’re able to craft a home that specifically caters to your lifestyle needs and design tastes. Luckily, Peak & Prairie can help you research and contact local builders and offers a wealth of information regarding building properties from square one. By starting with a firm foundational knowledge of your design vision, researching builders respected by the Colorado Association of Home Builders, and taking meetings with builders to discuss estimates and timelines, you’ll set yourself up for success when purchasing a lot for home building. 

 

 

Purchasing land often provides buyers with the opportunity to individualize their utility usage. If you’re craving partial or full off-the-grid living, purchasing land can be an excellent step in reaching that goal. While things like road access are often non-negotiable, purchasing land usually allows you the ability to integrate sustainable energy options into your building designs. Adding solar panels, utilizing propane generators, and installing rainwater catchers and water tanks can help lower your monthly utility expenses.

 

 

When purchasing land with no existing properties, buyers frequently will not be able to obtain a substantial loan from a bank and must be able to pay cash for the lot. While typical mortgages often involve putting 20% down on a property and taking out a loan for the remaining 80%, empty lots usually get smaller loans from lenders—around 40-50% or below. However, if you’re financially prepared to pay cash for your lot, this can be an excellent investment and a significant opportunity to build a life you love to live.

 

Peak & Prairie is dedicated to helping you find a home you love, whether you’re building from the ground up or searching for homes for sale in Larkspur. Ambierre Rediger and Laura Rojas have extensive connections to Franktown luxury homes and can help you make your dreams a reality. If you’re interested in learning more about buying Colorado land, building or buying real estate, or designing your home’s interior, contact us today for more information.