Uncovering the Market Value of Vacant Land
There are a lot of details that you will pour over when deciding to purchase land. Whether you’re building the house you’ve always dreamed of for your retirement or purchasing prime land in an up-and-coming neighborhood for a commercial venture, you will need to uncover the market value of the land before you commit to buy it.
Where to Build Your House on Your New Lot
You’ve undoubtedly seen a whole lot of land on your journey to find the perfect lot to purchase to build your home. When you fall in love with a piece of land, it’s probably because of a variety of factors. Everything from the proximity to your neighbors to the gorgeous views which can make a tract of land goes from ordinary to outstanding, and exactly where you can picture yourself living. And no two people will see the same building site the same way, especially when it comes to envisioning standing in your would-be home and taking in your surroundings.
Tucson Custom Land and Lots: A Turnaround Begins
This time of year I always find myself thinking about the state of Tucson’s vacant land market; where it has come and where it seems to be headed. I realized that for the first time in the last few years, I’m feeling happily optimistic going into 2017.
Ready to Build your Custom Home? It's time for a Construction Loan
You’ve decided to build your dream home and now it’s time to pursue a construction loan.
Whether you own you lot or need to purchase a lot, Prime Lending can help. If you already own your lot, we can use lot equity and apply it to the down payment requirement on your construction loan. For example, if your lot value is $100,000 and you owe $40,000, you will have lot equity of $60,000 to apply to the down payment requirement. The down payment on a primary home is as little as 10% on the first home and 20% on a second one.
Reading Topography
As I discussed in my last blog, reading topography can be a bit of an art. Those who deal with it regularly gain the capability to see the contours literally come into focus as a three dimensional pattern. For example, I can look at a topographic map and tell whether the contours are forming the side of a hill or defining the sides of a wash.
Relief from Topography
My father, ‘Sut’ Settlemeyer was a surveyor for the United States Geological Survey (USGS). He referred to the maps they produced as quad, or relief maps. The universal geologic language of relief mapping is contour topography. Now what exactly is a contour? Simply, nothing more than a step. Just as a flight of stairs is comprised of risers and treads, topographic contours consist of elevations and resolution.
