Lots

Planning modest-sized lots is the most significant cost-reduction strategy for new home construction (use GMHF's interactive Cost Reduction Calculator). Not only does a modest-sized lot provide ample space to accommodate both a starter home and a comfortable yard, but it can make the difference between a home that is affordable and one that is financially out of reach. In addition, planning modest sized lots provides the foundation for building a compact neighborhood that allows for the preservation of open spaces.

 
More House
Building on modest-sized lots allow buyers to gain “more house” for their money than they would purchasing a home built on a larger lot. Recommended lot widths are shown in dark blue.  
 
Lot Size and Costs
In this example, building on a 50-foot rather than an 80-foot lot saves $10,200 in land and infrastructure costs. Recommended lot widths are shown in dark blue.  

 

Strategies to Reduce Costs

 

Strategies to Add Value

  • Plan modest-sized lots in compact neighborhoods to reduce the initial and long-term costs of land and infrastructure.

 

  • Provide attractive shared open space for the entire neighborhood to enjoy.