Buying a lot in a subdivision

[Syed Khan]

Hello everyone, 

I am looking to purchase a lot in a subdivision that has about 12 houses built already and some of them are already sold. The developer apparently found a bigger project so he is selling lots that are still available and some of them were bought by owners who want to build their own houses. However, this will be my first new construction project so I am wondering if anyone has had experience previously with this kind of investment whether good or bad. My thought is that it will be a safer investment  because there are new houses within the subdivision and the lots were approved to be built instead of me looking for an independent lot on a street and building a new house. Any feedback or advice would help tremendously. Thank you