Wednesday, April 9, 2008
Site Acquisition
I have recently acquired building sites for some clients who wanted larger lots than we currently have available in our subdivisions. During this search, I have become aware of a number of key points. First, not everyone knows that Hurlocker Properties is a full service Real Estate brokerage. As such, we are able to access MLS and find the perfect site for our clients and handle the entire transaction to closing. Secondly, a great house starts with a great site. Many factors are involved in defining a great site. However, there are some basic issues such as infrastructure that add significant value to a site. Infrastructure includes roads, utilities, sewer, tv and high speed internet access, landscape, and dedicated open space. I found lots with great views that were accessed by terrible roads and required wells, propane, etc. In addition, many of these lots will require extensive site work. While none of these items by themselves are necessarily bad, they can add significant costs to the overall project budget. Size by itself does not guaranty privacy. A series of flat 1 acre lots don't offer as much privacy as a well laid out 1/2 acre lot with some rolling topography. When you think about, a 1 acre square lot is 208 feet on a side and a square 1/2 acre lot is 148 feet on a side. That is only 60 feet less separation in the 1/2 acre lot. Siting and topography, therefore are huge factors in determining the feeling of privacy. Finally, there are a lot of 2 acre sites that have very small developable areas, sometimes as little as 1/4 of an acre (10,890 sq. ft.). A 3500 square foot house with portals may have an actual footprint of 5,ooo square feet and by the time you factor in the motorcourt, guest parking, and driveways, your choices become very limited. The team at Hurlocker Properties is always happy to meet with you regarding the selection and acquisition of a site for your Santa Fe dream home.
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