We have been thinking about moving. The town we want to move to doesn't really have a lot of houses that fit our needs - small, nice, not very expensive. There are quite a few vacant lots for sale in town - not in the country or in subdivision. Some of the lots are exactly where we might want to live. So we have been thinking about purchasing a lot and hiring a builder. We have financial means to do it. In other words, we can afford to finance the new property before we sell our current house. Of course, the big question is how does this compare to buying an existing home? Dollar for dollar, would it be more or less? As I said, we don't need (or want) anything big or fancy. In fact, a lot of the houses we like are little 1300 square foot bungalows. And finally, how does it work? Do we buy the lot then look for a builder? Or do we find a builder then look for a lot? I probably have way more questions, but this is all so foreign to me, that I most likely don't even know what they are.