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We may have the opportunity to move to a new state in 2022. Looking at real estate in the area where we would move, nothing has us excited - and we're sick of living in suburbs - so we're considering buying land and building. We wouldn't be able to afford a true homestead, but could get at least 1-2 acres.

Has anyone here bought a plot and built a house before? Any pitfalls to look out for? Would you build again or buy in the future?

We may have the opportunity to move to a new state in 2022. Looking at real estate in the area where we would move, nothing has us excited - and we're sick of living in suburbs - so we're considering buying land and building. We wouldn't be able to afford a true homestead, but could get at least 1-2 acres. Has anyone here bought a plot and built a house before? Any pitfalls to look out for? Would you build again or buy in the future?

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[–] 1 pt

When you hire a builder pay a real estate attorney to look at the contract for you. Make sure you're hiring someone that is successful. Lots of smaller builders are in bad shape because of crazy material prices and labor shortages. Lots are doing really well too. There are a few people around my area that have basically spent 250k on a half complete home, and the builder just "went out of business"