Costs to consider when developing land in Idaho

Once you know what land you want to buy, take into consideration the costs involved to develop it before you make an offer. If you are looking at two pieces of land for approximately the same price and size, but one will require a well and septic system and significant excavation to meet the needs of your home,

Utilities

If you choose to buy property that does not have utilities, you will be responsible for cost and effort to bring them onto your land. This includes power, water, gas if it is available or propane as an alternate, telephone, cable and probably our number one concern now days is access to the INTERNET. Contact the local utilities in your area to determine what it will take to do this. For many properties in more rural areas, water is not available to be run into the property so you will need to drill a well and install a septic system.

Wells must be built to tap into and deliver sanitary water. They must be drilled deep enough so that the water comes from an aquifer or layer of saturated soil. Generally, I find the best reference is the local well driller for costs and estimates on depth; buyer be aware that you pay for the drilling even if water is not hit. The well being drilled is one cost and then there is the cost of the pump and pressure tank. Some properties have great ‘springs’, just be aware that many lenders still require a well if a loan is needed.

Septic system, you should be assured most modern septic systems function in a clean and efficient manner and are regulated by local agencies that closely monitor the design and installation. Note: Not all land will “perk” properly. Meaning, it must be tested for compatibility with a septic system and this needs a permit that can be submitted quickly or can take up to several months because of the evaluation process. 

Power costs can be figured with help from the local company.  Costs will depend on how far it is to the closest power source and if the customer wants the lines to be ran overhead or in the ground, when given the option.

Excavation and materials for the road or driveway. Having an experienced contractor to bid for proper drainage and compaction whether it’s kept gravel or asphalt can be imperative in some of the areas here in rural Idaho because of the occasional snow build up we might get!

Posted by tlangford at 2/8/2017 8:02:00 PM
 
Comments (0)
No comments yet, login to post a comment.

Window size: x
Viewport size: x

2018 New Home Guide

 


Get started with Boise's
Ultimate Real Estate Team

Contact us

Schedule a home tour

 

Michelle Penick, Client Car Team
Michelle Penick  Realtor
Idaho Fanatic, California Transplant

818.472.1767  Email

 

Hilary Wilson, Idaho Real Estate Client Car Team
Hilary Wilson  Realtor
Idaho Native, Results Driven

208.921.0147  Email

 

Laura Hipwell, Eagle Idaho Realtor
Laura Harris  Realtor
  Email  

 

Trey Langford- Idaho Builder & Developer Services
Trey Langford  Realtor
New Construction Consulting

Email  208.724.9636

 


Home Loan Information

 

Terry Heffner - The Heffner Group of Guild Mortgage Eagle Idaho
The Heffner Group
Terry Heffner NMLS#95796
Guild Mortgage is an Equal Housing Lender, NMLS#3274

Do you qualify for a home loan? How much can you afford?

   Email  | 208.901.3822 | Apply

This is a paid advertisement. Guild Mortgage is not affiliated with Keller Williams Boise.

 

Seven Tips To Selling Your Home for Top Dollar

When selling your home, attractive pricing and packaging are arguably the two most basic essentials. (HGTV)

Get Your Home Sold!

Trey Langford

  Email
  (208) 724-9636

 

 

KELLERWILLIAMS®REALTYBOISE

Site Search

Addtional Resources