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.
Every term like this one lights up in the step you're on.
Free to set up. No credit card.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
One piece of your sale. Here is where all the pieces live.
In your room, this word explains itself where it appears.
Keighbor keeps your whole home sale in one place and defines every term like this one right where you meet it, in the step you're on. Free to set up, with or without an agent.