Finding a lot
Planning for your new home is a very involved process. You might want to get right down to selecting a set of house plans but don't get into a hurry. It is almost a ccertianty that the design of your new home will be somewhat determined by the lot you choose. This is why it makes sense to select the lot for your new home first, before you start the design process.
The lot you select for your new home should compliment your lifestyle or social habits. It should also reflect your financial situation.
Considering the length of commute from your new lot to your place of work. What is the maximum distance that you are willing to drive to get to work? The location of schools, shopping and emergency services may also be important in deciding where to build your new home.
Types of Building Lots
There are several different types of building lots and choosing oneis simply a matter of personal preference, finances,and your lifestyle.
Urban lots are of course those within a town, city or manicupality. An urban lot can often cost more then one in the suburbs or acreage. Here in southern British Columbia a lot can easily cost you $50000 especially in a major center.
You should be aware of services such as water, sewer, gas and hydro. Knowing where these services come into the lot is essential for determinng the cost to bring these services into your new home.
It is important for you to know if there are and building restrictions or requirements that need to be followed. It is better to know before you get into the planning and design process.
An alternative to the urban lot would be to get a lot in the suburbs. The main difference between the two would bethat a suburban lot is usually more private and larger then an urban lot.
Depending on where you live the cost will vary in comparision to an urban lot. In Kamloops BC a lot in the city is comparible in price with a suburban lot considerably larger in size.
Some lots in the suburbs are able to hook up to city sewer and water but not always. Additional cost can be added to have a well built and a septic system installed. A septic system will require that you perform perculation test on the soil to determinAe the drainage capability.
A suburban lot will almost definatley mean a long commute to work and shopping. Most people find this a worth while trade off for the added privacy a lot in the suburbs can provide.
The third alternative would be acreage. A plot of land 1 acre or larger gives you the freedom to build your home where you want plus you have room to build different outbuildings auch as a shop or storage sheds.
When building on acreage it is almost a certainty that you will have to install a septic system and a well. This added cost needs to be factored in when determining overall building costs. If you plan to build your home more than 40 or 50 meters from the hydro service then the installation of hydro poles will also need to be considered.
Depending on your needs one of these 3 types of lots will be chosen. The main factor that will determine the lot that you get is price. Obviously you can't get a lot that is outside of your financial capabilities.
Once you have determined which lot you want to build your new house on it is simply a matter of arriving at a deal with the property owner. With the lot purchasedyour existing home can be put on the market and you can start the process of designing your new home.
About The Author
Dave Markel is the author of "The All Wood Working Journal". He has helped hundreds of individuals improve their wood working skills. Visit his site at http://all-wood-working-plans.com. Subscribe to the All Wood Working Journal at http://all-wood-working-plans.com/wood-working-tips.html
|
|
|
|
|
|
|
|
|
|
|


As I write this, there is a considerable concern about... Read More
In the sales contract, the sellers of your new home... Read More
The best price to sell your home is always determined... Read More
Florida is known as the "Sun Shine" state, and the... Read More
Through our website the most common question that we receive... Read More
In the world of real estate, there is a huge... Read More
The Internet is a powerful marketing tool, but just how... Read More
In the old days people generally only bought land and... Read More
So you've decided you want to own a home and... Read More
Questions Sellers Should Ask in Agent Interviews:1. Is your license... Read More
Almost anyone can become a rural property owner; if you... Read More
There has been speculation in the media recently about the... Read More
It seems that everyone loves a good real estate story.... Read More
Turn on the TV at almost any time day or... Read More
If you really want the best deals in investment properties,... Read More
Please don't call it "flipping."Some real estate investors who practice... Read More
After riding the ups and downs of the stock market... Read More
Tenants in Common is a way of sharing ownership of... Read More
Real Estate investing can be used to gain wealth in... Read More
Buying property abroad is not an undertaking one should embark... Read More
The discount on a foreclosed property is not as great... Read More
It doesn't take long to realize that finding the right... Read More
PastSpecialized, niche home builders began constructing resource-efficient, environmentally sensitive homes... Read More
Homeowners who are seeking a property appraiser often ask "How... Read More
Some call it the 30 second commute. We call it... Read More
I do not profess to "Know" what the real estate... Read More
Although real estate bankruptcy cases no longer dominate the bankruptcy... Read More
You own a rental property for years, and never see... Read More
Renting a house or a room in your home is... Read More
Home sellers who wish to market their property in development... Read More
The Economist magazine published a special report in this months... Read More
Great, now how do I actually INVEST in real estate?Investing... Read More
Branded Email in the Real Estate IndustryYou're in the real... Read More


The only way to buy a home in Spain is... Read More
Perhaps you'd like to take advantage of today's great buyer's... Read More
Kirk and Tina Sczepanik had a dream. They wanted a... Read More
Please don't call it "flipping."Some real estate investors who practice... Read More
1. Planning:Know Your Target BuyersThink about your neighborhood and the... Read More
Most experienced property investors use property managers. Why? Because they... Read More
Consider these parameters for a real estate deal:Property Value: $250,000... Read More
The value of the real estate you own, whether it... Read More
For decades, the real estate world turned in a predictable... Read More
Maui is a great place for families of any size.... Read More
The Primary Residence taxation, the Residential Replacement Rollover, Sec. 1034... Read More
Land subdivision is a bit like helping Mom slice up... Read More
1. Make sure units are larger than 1800 square feet.This... Read More
Boston real estate is a hot topic. Daily newspaper articles... Read More
There are two sides to real estate development feasibility study:... Read More
If you haven't figured your credit worthiness and borrowing power... Read More
Real estate investors familiar mantra location, location, location are nervously... Read More
The housing market is hot, and you've decided to list... Read More
What are the odds that you'll find your dream at... Read More
There has been speculation in the media recently about the... Read More
Owning a house is part of the American Dream. Depending... Read More
Why without asking your boss? Two reasons, one, he or... Read More
There are several different types of listing contracts. Few of... Read More
The first thing you need to do is stop thinking... Read More
When looking for a new home or property, buyers ask... Read More
One of the best roads to wealth in America has... Read More
What is title insurance and why should any buyer get... Read More
When it comes to buying investment real estate, there are... Read More
Aloha! If you are interested in choosing a Maui income... Read More
Do you want to build wealth through real estate? You... Read More
If You want to be Financially Successful you need to... Read More
In this article, you're going to discover new techniques for... Read More
As commercial real estate development progresses into the 21st century,... Read More
Real Estate |