Before building the house of your dreams, it is important to consider a multitude of factors when selecting your lot. It is critical that the features of the lot will enhance the vision for your home. The homes design will normally dictate what is components are necessary for your lot. Even a slight slope can affect excavation costs. The size or your desired home and even neighborhood restrictions can raise the net cost of your construction significantly. It is important that you hire an experienced team to guide you through the myriad of obstacles and opportunities. Along with an architect and builder, part of that team is the agent who has the expertise to steer clear of problems including flood plain, water rights, HOA building restrictions, city zoning, sewer or septic systems, available utilities and easements. These factors must all be weighed before a lot purchase. Further, an experienced agent can advise an owner on the investment value for a new build in a particular neighborhood before the lot has even been purchased. When purchasing waterfront property, the amount of frontage, size of the tract, topography, dock and water rights and location all factoring into the pricing. In the Austin area, the Highland Lake system is comprised of 7 lakes all controlled by the Lower Colorado River Authority or the LCRA. Lake Marble Falls feeds into Lake Travis. Downstream is Lake Austin which subsequently feeds Lady Bird Lake, formerly known as Town Lake as it cross sects the city into its northern and southern sectors. This systems allows for many opportunities to purchase water front property in and around the Austin area.
As with any purchase there are many variables that affect the value. Consulting with an agent learned in raw land acquisition, water front and new construction issues is paramount to the success of your build.
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