71°F
weather icon Clear

Finding the right lot for your dream home

The phone rings. I answer. The person on the other side says: “I’d like some information about building a custom home and where to begin, can you help me?” My answer is always in the affirmative. Then I ask, “Do you already have a lot?” This is where it begins. The homesite, the lot, the dirt, it can make or break your vision of your dream home.

Sometimes, the client already has the lot, and they would need to design their home according to the size, shape and view it offers. Sometimes, they have not purchased their lot yet, and this is where we can explore their vision and get some answers. There are several initial considerations like area of town to live in, developed community with a homeowners association or out in a rural non-planned community, city views or not, price range, etc.

The next part of the discussion is a bit more personal, pertaining to the vision — like size of home, how many rooms and garages, single story or two story, and style. These thoughts help with finding the right-sized lot. There’s nothing worse than having a vision of your dream home than finding out your lot isn’t big enough to handle that much house.

Once we have some basic information in place, we can begin to get more detailed. I like to give educational information and pull from experiences.

First and foremost, I interject my opinion that the client should have a real estate professional who knows about dirt represent him or her. An agent will save the client a lot of time and headaches in the search and purchase.

When looking in rural areas, there are lower-priced lots that may seem appealing, but then it’s discovered that there is much groundwork and utilities needing to be brought in, so that low price is now much higher than expected. Public water or well, gas or propane, sewer or septic, these are huge factors to consider that can determine scope of work and placement on the lot. If rural is the route the client chooses, I always suggest at least a 30- to 45-day due diligence period in the offer so the client can do homework like a soils report and check in with the local jurisdiction to see if there are any easements or drainage concerns.

There was a client who had purchased a 4-acre parcel, and years later when he was ready to build, he discovered there was a water easement that went at a diagonal straight through the center of his property, so he could only build his home on a portion of his property. That was frustrating and could’ve been avoided in the due diligence period of the purchase.

If the client is looking within a planned community, generally the utilities are already brought to the property and a soil report for the community as a whole has been conducted, but I still suggest a 30- to 45-day due diligence period in the offer to conduct a soil report for that lot so he or she can be informed of soil conditions, caliche or drainage concerns.

Other factors to consider are the size of the home and if the utilities linked to the lot will be substantial enough to support the size of the home. A large home with a large power draw may need to an upgrade to the power meter, or larger homes may need to an upgraded water meter or a separate water line for fire sprinkler system. The due diligence period is the time to examine the utilities to get informed of what is offered.

In both rural and planned communities, there are flat lots and hillside lots. The hillside lot has a few more considerations than the flat lot. The hillside choice can make for an impressive main level with walk-out basement but will take more excavation, retaining walls and stairs, so make sure to add that to your cost calculations. Flat lots are highly sought-after, may easily build a single-story but can be higher priced than the hillside lots.

No matter of flat or hillside lot, homeowners will always need their property line walls. If they have common walls with an adjoining property, the cost should be shared with the neighbor. Once the client feels comfortable about what he or she is going to tackle in choosing a lot, we can get into the design process. But that is a topic for another day. In the meantime get out there and stake your claim!

Patty Martinez is the director of sales and marketing for Sun West Custom Homes and the broker for Sun West Luxury Realty,patty@sunwestluxuryrealty.com.

THE LATEST
 
Raiders general manager buys $4.95M Summerlin home

Las Vegas Raiders GM Tom Telesco paid $4.95 million for a home in The Ridges in Summerlin, one of the highlights of March that saw 152 sales of $1 million or higher.

Home + History Las Vegas returns April 25-28

Nevada Preservation Foundation (NPF) is hosting Home + History “A Different Way to Vegas” tours from April 25-28.

Tahoe mountain home lists for $12.75M: Tesla Cybertruck included

The home reflects the natural beauty of its surroundings while integrating Tesla’s sustainable, cutting-edge technology — including a complementary Tesla Cybertruck for the buyer.

IS Luxury ranks No. 1 luxury brokerage

There’s a change at the top of the luxury brokerage rankings in Las Vegas with newcomer IS Luxury overtaking Berkshire Hathaway HomeServices to closeout the 2023 standings that saw a 17 percent drop in the value of those higher-end transactions.

Late novelist’s Boulder City estate is up for auction

Best known for the fantasy series “The Sword of Truth” the late novelist Terry Goodkind’s Boulder City estate is going up for auction.

Local designers weigh in on Kitchen Bath Show

The Kitchen & Bath Industry Show (KBIS), one of the largest trade shows dedicated to kitchen and bath design, was held at the Las Vegas Convention Center from Feb. 27-29. The exhibit hall exploded with bright colors while promoting sustainability.

2024 New American Home sells for $10.17M

The Las Vegas luxury home market picked up steam by posting its best February in history with sales of the 2024 New American Home in Ascaya and a Summerlin estate to Las Vegas Raider defensive end Maxx Crosby. That momentum continued this month with a sale of a mansion in The Summit Club for $19.7 million.

Luxury new home sales skyrocket since 2020

Demand for new luxury homes in the Las Vegas Valley remains strong and builders and developers expect a great 2024 coming off a Super Bowl that saw members of the Kansas City Chiefs rent out multi-million-dollar homes with displays on social media.

Vegas luxury home market kicks off year with $19M sale

The Las Vegas luxury home market got off to a strong start in 2023 by securing the second highest number of sales in history to begin the year, culminating in a $19 million sale at the Summit Club in Summerlin to close January.