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Real Estate Information |
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Choosing a Residential Lot
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
MORE RESOURCES: How Jordon Hudson, 24, amassed $8 million real estate portfolio within months of meeting Bill Belichick New York Post Real estate transfers in Adams County from April 21-25, 2025 Muddy River News Real estate report: Three key factors are behind Louisiana’s surge in investment Baton Rouge Business Report Hyderabad blues: Real estate sales in city see biggest drop The Financial Express Exclusive: Trump's first real estate project in Qatar to be announced by Qatari Diar, Dar Global Reuters ArchCrest opens new real estate division Northern Nevada Business Weekly Two key real estate bills take aim at industry regulations Real Estate News by RealEstateNews.com Advocacy Scoop: New NAR Poll Unveiled—Tax Reform, Real Estate Policy and Voter Opinion National Association of REALTORS® Cattaraugus County: Ellicottville home, Machias property lead March real estate sales Olean Times Herald Lupoli Companies to Break Ground on Major Development in Littleton Boston Real Estate Times Licking County real estate transfers for April 14-18 reach $1.4 million in Newark The Newark Advocate Richland County property transfers recorded April 21-25 Mansfield News Journal Ranking Arizona: Top real estate law firms for 2025 AZ Big Media Fond du Lac County property sold for $530K in latest real estate transfers for April 21-25 fdlreporter.com The Pipeline: Commercial real estate roundup for 5.2.25 Richmond BizSense People on the Move: New execs at HomeServices, RE/MAX Real Estate News by RealEstateNews.com Mid-America Real Estate closes sale of 34,431-square-foot shopping center in Midtown Detroit REJournals Real estate veteran named president of regional Berkshire Hathaway HomeServices Hartford Business Journal Property transfers: Nursing facility, rental complex sell for more than $1 million Canton Repository Alexandria Real Estate Equities Looks Juicy But Uncertainty Keeps Me Sidelined (NYSE:ARE) Seeking Alpha Startup radar: Seattle-area tech companies build software for robotics, real estate, and more GeekWire Raith seeks to raise $700m for non-core US real estate fund IPE Real Assets Household Struggles Weigh On Real Estate And Spending Seeking Alpha Blackstream opens luxury office near Lake Keowee GSA Business Report April real estate transactions CraigDailyPress.com Franklin Real Estate Development finds inspiration in Greenville’s history upstate business journal 'Slow and steady': How a couple retired early by buying one rental property a year with 5% down payments Business Insider Solano Real Estate Scene: Slow down, buy a house Daily Republic Secluded estate near Ann Arbor is Washtenaw County's most expensive home. Price: $8.99M Detroit Free Press Job Market Defies Tariff Fears to Remain Strong in April, Offering Jolt of Confidence to Homebuyers Realtor.com Solano Real Estate Transactions: May 2, 2025 Daily Republic Berkshire region real estate sales – May 2, 2025 The Berkshire Edge How the Dallas Commercial Real Estate Industry Could Fare in the New Tariff Environment - D Magazine Here's what local experts say the Baton Rouge real estate market will look like in 2025 The Advocate Real estate performance in Quarter 1, and some perspective Garden City News CENTURY 21 Real Estate and Institute for Luxury Home Marketing Launch Collaboration With New Q1 2025 Luxury Market Report Franchising.com Abundant listings and stable prices not enough to drive April sales in the Fraser Valley GlobeNewswire Crossing Real Estate: They Shaved Another $50k off the $1.25 Million Fishtown House - Crossing Broad SDSU: SDSU Imperial Valley alumnus finds new meaning in real estate career Imperial Valley Press Online What's the most expensive property sold in Rhode Island? May 2 real estate transactions The Providence Journal Costar Group (CSGP): “Bloomberg Of Commercial Real Estate” Insider Monkey What properties sold in Bryan, Chatham and Effingham counties this week? Search the list here Savannah Morning News Real Estate Magnolia Reporter Report: Health care real estate gains greater favor in Twin Cities Finance & Commerce US Commercial Real Estate Leader Peachtree Group Launches 114-Room Residence Inn in Ocean Township, Tapping into Jersey Shore’s Expanding Hospitality Market Travel And Tour World Graham Norton’s Manhattan Carriage House Is Listed for $5.595 Million The New York Times Real estate transactions: Week of May 2, 2025 Inside Tucson Business Real Estate: Market Pulse (April 2025) Seyfarth Shaw LLP Status update: 7 Upstate commercial real estate projects upstate business journal When Donald Trump mocked a real estate icon for having a 'Trophy Wife' The Economic Times How to Choose the Right Real Estate Broker Investopedia Tarek El Moussa Calls for 'Real Reform' in Real Estate Industry: 'I Saw Families Lose Everything' House Beautiful Commercial real estate listings: Wingstop leases space on Three Chopt Road - Richmond Times-Dispatch Commercial real estate listings: Wingstop leases space on Three Chopt Road Richmond Times-Dispatch Compass goes retro with launch of ‘Private Exclusives Book’ - Real Estate News by RealEstateNews.com Compass goes retro with launch of ‘Private Exclusives Book’ Real Estate News by RealEstateNews.com Real estate report: Industrial market remains ‘chronically underbuilt’ - Baton Rouge Business Report Real estate report: Industrial market remains ‘chronically underbuilt’ Baton Rouge Business Report Windermere ‘confused’ about Compass’ claims of collusion Real Estate News by RealEstateNews.com NexPoint Real Estate Finance, Inc. 2025 Q1 - Results - Earnings Call Presentation (NYSE:NREF) Seeking Alpha Inside the Family Office Advantage in Private Real Estate WealthManagement.com |
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