Are you looking for a bit of land to build your dream home? There are probably a large number of plots for sale, and you may be unsure as to which one to pick. Before making your final choice, be sure you have the following information.
In Which Direction Does the Sun Rise and Set?
This may seem like an unusual question when Buying a Plot of Land, but it is an important one, especially if you like spending time in your yard in the summer. Discovering that the yard is in shade for far more daylight hours than it is warmed by the sun might be disappointing. Your pool, for example, might always be cold. Or the relaxing sunbathing sessions you’ve been dreaming of might be impossible! However, you can remedy the situation by buying a water heater or building a deck in the sunny end of the property. The important thing is to find out how the lot is oriented relative to the North-South and East-West axes so you can plan the construction of the property accordingly.
Buying a Plot of Land ? Can You Build a Residential Home?
Sometimes you can fall in love with a lot that is being sold directly by the owner, but they may not have all the information required to conclude a sale to everyone’s satisfaction. Imagine buying a lot only to find out that it isn’t located in a residential zone! Make sure the land you want is not contaminated nor a protected wetland. You must do your homework! Here’s a tip! For peace of mind and to avoid problems, work with a real estate broker.
Are All the Utilities Already Accessible or Will They Be?
Did you know that certain plots of land are so far away from residential neighbourhoods that the owner will have to assume the installation costs for a well or a sceptic thank? Sometimes, power or cable companies don’t even provide service in those areas! Another thing to check: the presence of a city-maintained road. Otherwise, you may have to foot the bill yourself to ensure road access. These are questions that deserve clear answers to avoid nightmarish situations!
Do You Want to Save Money or Is the Budget Not a Major Concern?
According to the website renoassistance.ca, building your own home will save you 30% of the total costs compared to a home designed by a general contractor. If this is what you plan to do, then buying land is a great deal! But if you will be handing over the building contract to a company, you’re not necessarily going to save money by buying land. To turn a profit, you must analyze the market and the geographic location. For example, a plot that is situated far from the major centres purchased now at a good price will be worth much more in a few years’ time as a result of urban sprawl. It is up to you to decide if this is an important selection criterion when shopping around.
Does the Municipality Have an Architectural Integration Program?
Check if the municipality where the land is located has an architecture integration program. If this is the case, it is essential that you consult it before making your decision. This document stipulates restrictions and standards regarding the design of properties, among other things. For example, depending on the geographic location of the desired site, you may not be allowed to build a separate garage, a second floor, a green roof, or use the exterior cladding material you wanted. This may be enough to make you select another city to live in!
For the best advice and to avoid unpleasant surprises when purchasing land, contact a RE/MAX broker who will without a doubt help you find your little corner of paradise!