Buildable lot
A lot the city will let you put a house on. It has legal access, meets minimum size, and can connect to utilities or septic. Not every lot is buildable.
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Where this comes up: getting ready
Part 1 of 4
Why a seller cares
A lot is worth what can be built on it, and a lot that cannot be built on is worth a fraction. Selling land means knowing whether it is buildable before a buyer's due diligence finds out for you.
Part 2 of 4
A simple example
You are selling a two-acre lot. It has road frontage, but the soil failed a perc test in 2015 and there is no sewer nearby.
| What the buyer checks | What it decides |
|---|---|
| Legal access from a public road | Whether a house can be reached at all |
| Zoning and minimum lot size | Whether a house is allowed |
| A perc test or a sewer tap | Whether a house can have plumbing |
Buildable is three yeses. One no changes the price by most of its value.
Part 3 of 4
What people get wrong
That land is land. A lot that fails a perc test with no sewer is a field, and it is priced as one.
Part 4 of 4 · where to read next
Where it appears in the sale
What a definition is, and what it isn't
Keighbor is a software company, not a law firm, brokerage, or tax adviser. This is general information, not legal, tax, financial, or real estate advice about your sale. Your situation may differ. Before acting on a contract, disclosure, title, tax, or pricing question, ask an appropriately licensed professional in your state.
Written and researched by Keighbor Research · drawn from the reference glossary · how we research and check what we publish
In your Room, this word explains itself where it appears.
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