Finding a lot
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 certainty that the design of your new home will
be somewhat determined by the lot you choose. This
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
be important in deciding where to build your new
Types of Building Lots
There are several different
types of building lots and choosing one is simply
a matter of personal preference,
finances,and your lifestyle.
Urban lots are of course those within
a town, city or municipality. 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 determining 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 be that a suburban lot is usually
and larger then an urban lot.
Depending on where you live the cost will vary in
comparison to an urban lot. In Kamloops BC a lot in
the city is comparable 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 peculation
test on the soil to determine the drainage capability.
A suburban lot will almost definitely 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
your home where you want plus you have room to build
different outbuildings such 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 purchased
your existing home can be put on the market and you
start the process of designing your new home.