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Pros and cons of combining two lots
Posted on 2/4/20 at 9:00 pm
Posted on 2/4/20 at 9:00 pm
Anyone have experience on this?
Im about to buy the empty lot next to us. Don’t want anyone to build on it and it keeps a nice buffer of woods between me and the neighbor.
If I combine I should not have to pay double hoa fees I would think. Not that they’re that expensive but still.
Also from a property tax perspective which would be cheaper usually? A bigger overal lot or the two separate lots? Or would it be the same! This is in Texas btw.
Just interested in others’ experience
Im about to buy the empty lot next to us. Don’t want anyone to build on it and it keeps a nice buffer of woods between me and the neighbor.
If I combine I should not have to pay double hoa fees I would think. Not that they’re that expensive but still.
Also from a property tax perspective which would be cheaper usually? A bigger overal lot or the two separate lots? Or would it be the same! This is in Texas btw.
Just interested in others’ experience
5
Posted on 2/4/20 at 9:50 pm to ulsaint
You think the hoa would actually allow you to combine?
Posted on 2/4/20 at 9:58 pm to ulsaint
Why would you not have to pay double HOA on two lots? That makes no sense. Secondly, I can see this be a potential problem with the HOA. Would do some research on the rules.
Posted on 2/5/20 at 7:27 am to ulsaint
Personally, I’d probably keep them separate to keep more options open if/when I sold either the occupied lot or the vacant lot... or both at the same time.
Although the land surrounding my house is acreage, I’ve kept the parcels separate.
Although the land surrounding my house is acreage, I’ve kept the parcels separate.
Posted on 2/5/20 at 8:26 am to ulsaint
Unless your neighborhood already has a bunch of odd shaped and sized lots, chances are your HOA will not allow you to combine them and furthermore you will 100% be required to still pay two HOA dues. Most HOA neighborhoods are planned out and the lots sold as is. You can't for instance just buy 3 lots and combine them, then use 1.5 lots for a house and sell the other 1.5 lots.
Now you will get 2 HOA votes! You also need to read your HOA rules on lots. Many lots once bought from say the developer have to be built in a certain time frame. Or you have to keep it natural. So as you can't just buy the lot next door, fence it in, and have a larger yard.
Again, without knowing your By-laws it would be impossible to tell you. Contact your HOA manager.
Now you will get 2 HOA votes! You also need to read your HOA rules on lots. Many lots once bought from say the developer have to be built in a certain time frame. Or you have to keep it natural. So as you can't just buy the lot next door, fence it in, and have a larger yard.
Again, without knowing your By-laws it would be impossible to tell you. Contact your HOA manager.
Posted on 2/5/20 at 8:35 am to baldona
Pretty positive I won’t have to build. The prior owners had it since 83 and never built. It was supposed to be their retirement home but the husband got sick etc.
It’s a nice lot and keeps our buffer of woods from the next neighbor an acre or so away further up the hill.
Love my neighborhood but sad to see so much of the natural hill country woods getting developed so glad we’ll be able to have more privacy and room for the white tails
It’s a nice lot and keeps our buffer of woods from the next neighbor an acre or so away further up the hill.
Love my neighborhood but sad to see so much of the natural hill country woods getting developed so glad we’ll be able to have more privacy and room for the white tails
Posted on 2/5/20 at 8:38 am to ulsaint
Our HOA covenants allow you to buy an adjacent lot and make it part of your own. We have multiple houses that are built on 1.5 or 2 lots. Usually its just an increase in the assessed HOA dues. All of your answers should be in your HOA's covenants.
You will most likely have to pay for double HOA dues since most are set up to pay per lot not per owner. Luckily that means you get two votes on the HOA.
We have an empty lot next to us and thought very heavily about buying it and splitting it between us and our neighbors on the other side of the lot. Unfortunately, it was on the side of the house opposite our driveway/garage so we decided it wouldn't be worth it.
quote:
If I combine I should not have to pay double hoa fees I would think. Not that they’re that expensive but still.
You will most likely have to pay for double HOA dues since most are set up to pay per lot not per owner. Luckily that means you get two votes on the HOA.
We have an empty lot next to us and thought very heavily about buying it and splitting it between us and our neighbors on the other side of the lot. Unfortunately, it was on the side of the house opposite our driveway/garage so we decided it wouldn't be worth it.
Posted on 2/5/20 at 9:05 am to Drunken Crawfish
We have a lot with our house as well as a lot on each side. We pay for hoa fee per lot which isn’t a ton (small town) and taxes are nominal. Each lot gets its own tax bill.
We get three votes if we ever need to vote. Only 12 lots in the neighborhood.
We get three votes if we ever need to vote. Only 12 lots in the neighborhood.
Posted on 2/5/20 at 12:18 pm to ulsaint
quote:
Pretty positive I won’t have to build. The prior owners had it since 83 and never built. It was supposed to be their retirement home but the husband got sick etc.
For peace of mind, I would double check on this. 83 was a long time ago and it's possible the rules have changed and they were grandfathered in under the old rules. That might not carry over to you.
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