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Have you ever considered building a new home instead of buying an existing home? Lots of millennials are saving big money but building energy-efficient homes, using recovered materials.

Interested?! Then check out this post from one of our UK readers who’s got some tips on completing Step 1 of your new build: choosing the right lot.

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4 Top Tips For Choosing The Right Lot For Your New-Build

One of the hardest things about a new-build property is choosing the right plot for your new home.

There are lots of things to consider. From setting your budget to finding the perfect estate agent, the more you prepare in advance, the better.

With that in mind, here are 4 questions to ask yourself when choosing a lot for your new-build.

How Much Space Do You Need?

Depending on the lot you choose, you may have a limited amount of space on which to build your new home.

Consider the size of the home you’d like to build. If you’re working with a builder, view the available show homes, and filter your search to only include lots that will accommodate the model you chose. To get the most of your show home search, check out these tips and tricks when it comes to viewing show homes.

What Is Your Budget?

Naturally, your budget plays a huge factor in deciding on the right lot for you.

Your new-build budget is much more than just the lot. It’s also the cost of the labor and materials to prepare the ground for the home, the labor and materials for the home itself. Plus estate agent fees (not everyone gets a “free” buyer’s agent as they do in the US!). And don’t forget about the cost of actually moving. Take a little time to research costs and get some guidance when it comes to setting a budget for your move.

What Estate Agent Will You Be Using And How Will You Find Them?

Finding the perfect estate agent takes time. You need to be sure you’re working with someone who understands what you’re looking for and has the skill and experience to represent you in one of the most financially significant decisions of your life.

If you’re planning to use an established property developer to build your new home, you can go directly to the new-build property developer to find your estate agent. For more information, visit Wyndham Ridge Estate.

How Long Will The Build Take?

Finally, you need to think about how long the build is going to take.

You may already have a move-in date in mind, and the lot is an important consideration in hitting your target completion date. Some lots will naturally require more work than others to get build-ready. And more work means more time or money or both.

Although you can’t guarantee everything is going to be finished on a specific date, a little planning on the front-end goes a long way toward a seamless move into your new-build home!