Choosing A Lot

The nature of a lot can vary almost as much as the design of a house. Lot width and depth will be a major determinant to the cost of a home. The wider/deeper the lot the more expensive it will be. The width of a lot will generally determine the type of options that can form part of the front of a house. For instance double garages or wrap around porches require extra lot width.

Lots will also vary by grade. There are basically four types of lots determined by grade. They are Walk Up, Flat, Lookout, and Walk Out lots.

    1. Walk Up Lot - the front entrance to the home is well above street level usually resulting in a stairway to the front porch.
    2. Flat Lot is roughly at street level.
    3. Lookout Lot - Lot is low at the back of the house with basement windows at a level where you can see out. 
    4. Walk Out Lot - Basement has a door leading to outside at the back of the house.

Other characteristics of lots tend to affect the cost of the lot. Wooded lots, extra deep lots, corner lots usually have a premium price.

Because of the scarcity of new land values continue to increase. Any extra price paid for a lot today should add to future resale value.