There are many things to consider when choosing a site other than the nice view or the neighborhood. The following list is an excellent start to cover off selecting the right site for your custom home.
In summary, the strengths to look for in a lot are:
Slope to allow for a basement if desired
Lots to avoid:
Once you have selected the lot you want, obtain a legal description of the lot, prepared by a registered surveyor, showing all legal easements and baselines showing where your home may be built on the lot. There may be some restrictions on the placement of your home. Do not proceed without your own attorney reviewing all costs involved in the sale and closing of the deal.
Have a title search done to confirm clear and free title to the land. Your financial institution will mot proceed without proof of clear and free title.