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Ask Anything: Bridgewater, Flemington and Hunterdon County New Jersey home buying, real estate listings, and homes for sale in Somerset County, NJ

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Buying Land and New Construction >Buying Property to Build

The ideal piece of land cannot be purchased without due diligence. Say you notice a lot for sale in a suburban area that looks like a perfect place to build your dream home. Buying undeveloped land can provide an opportunity to build a house that will meet your needs, but you will need certain information before you sign on the dotted line.

Most suburban areas have zoning regulations which govern the type of structure that can be erected, the dimensions, and even the material used on the exterior. Historic preservation groups work with builders in many areas to ensure that any new construction fits in with the existing buildings. If you want to build out of the city limits, check the availability of public utility services and the cost of bringing those services to the site. Local planning and zoning boards can provide you with information about proposed development that could change your quiet country lane into a busy street.

It is a good idea to consult an architect and a zoning expert to confirm that your vision will work on the property you have selected.

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Q	Who is "Freddie Mac", and why is he a big name in real estate?
A	"Freddie Mac" is the nickname for FHLMC, the Federal Home Loan Mortgage Corporation, which buys mortgages from lending agencies, thus allowing lenders to continually replenish funds for new mortgage loans.
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The Drake Team, REALTORŽ, real estate agents and broker for Bridgewater, Flemington and Hunterdon County New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

The Drake Team - Joanne & J.M.(Mike)Drake
RE/MAX Preferred Professionals
1311 Prince Rodgers Avenue
Bridgewater, NJ. 08807
Office: (908) 685-0700
Direct: (908) 895-1441
Home Office: (908) 782-0175
Office Fax: (908) 707-8450
Home Office Fax: (866) 254-1079
Email: mikeandjoanne@NUMBER1EXPERT.com
Joanne and Mike have lived in the Hunterdon/Somerset area since 1982. Joanne began selling real estate in 1992 and has established herself as a Top Producer who has created lasting relationships and raving fans from her long list of satisfied clients. Mike was in the corporate world as a research scientist for the past 34 years. He has worked as a consultant for start-up companies in the New England area, and has been a principal in a number of new business ventures. He is an experienced real estate investor.

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