An in-depth analysis can help you save big money and eliminate the guesswork when selecting your lot.
Here are 6 things you should consider before you purchase a lot in the Austin area:
Is your lot in the City of Austin, Lakeway, Westlake Hills, Travis County or other?
A lot within the city comes with a premium price tag.
Onsite utilities like power, water, sewer, phone, cable and fiber are preferable. If these are not already established, they will have to be brought on site later and that can cost big bucks.
Since flat lots are hard to come by in the Hill Country, the cost of building on graded lots is important to understand. A 2 foot foundation costs roughly $10 per square foot with a premium of about $2 per square foot for each additional foot above that.
Here’s an illustration:
5,000 SF with a 2 ft. foundation @ $10/SF = $50,000. 5,000 SF with an 8 ft. foundation @ $22/SF = $110,000