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Building A New Home

For people who are extremely picky about the exact size and shape of the rooms in the house they want to buy, building their own home is sometimes the only option. After all, not many houses have decks suspended by sling ropes to guard against earthquake damage or secret passages behind bookcases modeled after the ones from Scooby Doo. Meanwhile, other people choose to build homes as an investment in the future of their family or their town, or simply because they like to work with their hands. Whatever your reason for wanting to build a new home in Garden Grove, this guide should give you an idea of what to expect.

Garden Grove is primarily a residential city. There's not a lot of scientific research, SRED, or experimental development going on or factories churning out mass-produced consumer goods or oil refineries or shipping depots. Most of the land has been utilized for residential development. However, with a city as small as Garden Grove, which is only 18 square miles, that's not a lot of room. As a result, the population density in Garden Grove is already high, 9188 people per square mile, meaning any land you do find to build your house on will be very expensive.

Since you probably won't be able to lay your hands on any undeveloped land, your only other option would be to buy an existing structure, such as a defunct branch of a Canadian trademark firm and tear it down. This is also a very expensive prospect, but so is every type of real estate development in California. If you have the capitol to pull it off in the first place you're certain to make your money back at a later date through the sale of your home or through renting it out, since real estate in Southern California is in such high demand.

Building a new home in Garden Grove seems like a daunting and near impossible prospect, but in fact it happens with some regularity. Over the past ten years, each year has seen between thirty and a hundred new single-family residences erected. There were 41 permits issued in 2007 at an average cost of $213,000, so there are still opportunities left for you. Don't wait too long, however, as the lack of land availability puts a cap on this process and will effectively apply a sheet metal crimper to your plans if you dawdle for too long.

If you have the capitol and the business sense, there is also a third option for your new structure that is likely to be a lucrative investment. It is, of course, to build not just a home for yourself but a whole complex of homes or hotel rooms that you can rent or sell to others for a profit. All you need to do is hire a good architect to design it and call up a decent electronic contract manufacturing firm for the fixtures and Garden Grove's burgeoning tourism industry will do the rest.


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Monday, March 15, 2010