Know the difference between Land and Lot when preparing to build your house. Know which one a lender is likely to give you a loan to buy #realestate
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kachidubisi

2024-04-06 19:21:03

you have to know the difference between a land and a lot and i know it sounds crazy but oh lots can be referred to as land but not all land can be called lights let me explain a lot more finished light pretty much is ready to have a house on it meaning there are no trees and utilities are other on the light or close to the lot when we talk about raw land it's got a long way to go before it's ready for a house you might have to do things like bringing a utilities building roads just costs a lot more when you're dealing with rural land i consider this right here behind me
finish light and reason being as you can see there's not much that's needed to be done
for a building to go on here and so lots like this are easier to finance the banks will give your money to buy something like this thanks are more hesitant to lend on
land or raw land like that i hope you understand a difference from this video