An empty plot of land is full of potential. You can have plenty of creative license as you build. However, there are a few things you should take care of before you begin building on an empty plot.
Make Sure You’re Covered With Insurance
Owning a plot of land comes with certain responsibilities. While you might think empty land would have no risk, you should be prepared anyway. You never know what kinds of risks may arise. You can be found responsible for anything that happens on your land, so you need to keep yourself protected. This is especially important because even if you plan to build on the land, it may take months before construction can even begin. You’ll also want to have insurance to cover your building while it is still being built. Risk can come up in many places, so it’s better to be insured and protected.
Inspect the Land
As with buying a house, you want to hold an inspection before you go through with a purchase. Inspections are vital before starting a new construction project because issues might go unnoticed otherwise. On a plot of land, there are a couple of hazards or problems you need to look out for. You can have the soil tested to make sure it isn’t contaminated. This contamination is likely to come from previous use of the land. You should have the land inspected to be aware of how stable it will be for building as well as other issues such as its potential for flooding.
Have a Clear Plan
Before you begin building, you need to have a plan for how construction will proceed. You need to map out all of the essentials first. This includes your utilities. Consider where you want these placed and make sure any waste-related facilities are far enough away from the property. You also need to map out the foundation and layout of the building and be sure everything will be up to code. Additionally, you’ll need to get permits as you’re building as part of meeting code requirements. Do some research beforehand to prepare. Finally, you need to plan when to start construction as not all areas will allow you to work year-round due to weather restrictions.
Having the opportunity to build your Florida dream home is wonderful. Just know that a lot of work goes into it. Before you start building, make sure you take care of everything necessary to help the process move smoothly and let us know if we can provide you with a Builder’s Risk Quote.
Read this next: What goes into a Florida Homeowners Insurance Quote?
LEGAL DISCLAIMER
Views expressed here do not constitute legal advice. The information contained herein is for general guidance of matter only and not for the purpose of providing legal advice. Discussion of insurance policy language is descriptive only. Every policy has different policy language. Coverage afforded under any insurance policy issued is subject to individual policy terms and conditions. Please refer to your policy for the actual language.
