Building your dream home is one of the most exciting adventures you can take on, but before you dive into blueprints and floor plans, there’s one big question to answer: should you build on your own piece of land, or in a shiny new home community? Both options come with their own set of perks and challenges, so how do you know which path is right for you? Let’s break it down step by step to help you figure out which option best suits your dream home goals!

 

Define Your Vision and Priorities

Start by understanding your lifestyle goals. Do you dream of a custom home on a large, private lot with space for gardens, animals, or a workshop? Or would you prefer the amenities, convenience, and neighborhood atmosphere of a planned community? Consider the benefits of each, like total customization on a private lot versus the ready-made infrastructure (like pools, parks, and trails) in a community. Define what is most important for your long-term lifestyle, as this will be your biggest guiding factor.

Evaluate Budget and Financing Options

Building on land and building in a community have different cost structures. When building on private land, you may need to account for expenses such as land preparation, utility setup (like sewer, electricity, and water), and possibly acquiring land loans, which differ from traditional home mortgages.  Buying in a new home community often comes with fewer upfront costs since infrastructure is already in place.  Financing land or a construction loan is vastly different from conventional financing that would be available in a new home community. Talk with a trusted lender to discuss the advantages and disadvantages of both while you decide between the two.

Understand Timing and Construction Logistics

Building on a private lot can offer more flexibility in the timeline but may require navigating land preparation, permitting, and possibly weather delays. Meanwhile, building in a new home community often follows a more streamlined, predictable construction process, as builders have established relationships with local authorities and a clear schedule with their contractors. If you’re looking for a quicker move-in or want a smoother building experience, a new home community might offer a more efficient option. However, building on your own lot allows for more control over every detail, which can be appealing despite the extended timeline.

Explore Location and Accessibility

Think about your daily commute, proximity to schools, healthcare, and amenities. If you purchase land in a more rural or undeveloped area, it might provide seclusion, but you’ll need to consider how far you’re willing to drive for groceries, work, or social activities. New home communities, especially those in suburban areas, often offer more convenient access to major roadways and urban centers while still providing a residential feel. Weigh your desire for privacy versus convenience when selecting a location.

Research Zoning, Covenants, and Future Development

Whether you’re building on land or in a community, research the rules and restrictions in place. On private land, zoning laws may dictate what type of structures can be built, how the land is used, and what permits are required. In a new home community, homeowners association (HOA) covenants may regulate the appearance of your home, landscaping, and other aspects of your property. Additionally, consider the surrounding area’s future development plans to ensure your investment aligns with your long-term vision.

Whether you’re dreaming of a custom masterpiece on your own private lot or a fresh, modern build in a vibrant new home community, the choice ultimately comes down to what fits your lifestyle, budget, and long-term goals. The good news? No matter which route you choose, you’re one step closer to making your dream home a reality. So, take your time, weigh the options, and when you’re ready, you’ll know the right path for you.

As a licensed Kansas and Missouri agent and a new home specialist, I’m here to help you navigate this exciting journey. Feel free to reach out with any questions or to chat about your vision—I’d love to help make your dream home a reality! Happy home building!

Cheers,

Heather Brulez

913.948.3918