Real Estate Information | Let us create a 3d Digital eBook for you! DigyCat.com |
|
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: |
RELATED ARTICLES
Practical Advice for Finding Irish Castles for Sale Have you ever wondered what it would be like to live in a castle?Have you ever dreamed of dancing in a grand ballroom that at one time was filled with princes and other nobility?If you find yourself dreaming of this lifestyle, you're not alone. Celtic castles, and all things medieval for that matter, have gotten very popular in recent years. Lock In Big Profits By Offering Rent To Own Deals Why would anyone accept a lease option, rent to own deal? Why would you, as a seller/investor look to find rent to own tenants? How can you use this technique to LOCK IN profits that are much greater than would be found in a straight sale?Basically, the advantages depend on which of two end results occur: either the rent to own tenant completes on the property, or they don't. You make money either way!There are MANY people who have less than sterling credit, might not have a long time on the job, or not have a ton of money for down payment, closing, etc. Is An Old Home for You? - The Pros If you prefer a home that is unique and has character, you probably are giving some thought to buying an older home. Before buying, it's a good idea to carefully evaluate the pros and cons of owning the home. 3 of the 5 Ways Real Estate Can Take Advantage of Blogs and RSS Earlier this month, Realtor Magazine announced that they would be featuring an article about Tampa Bay Realtor John Mudd and the success he has been having in attracting prospects and media attention with his blog on real estate. Since then, many others in the Real Estate market have been curious about how to implement similar strategies to capture leads in their areas. Making it affordable: Nine tips for first time home buyers It seems that everyone loves a good real estate story. The media is filled with reports about soaring property values and home owners of modest means becoming instant millionaires when they sell. Property Investing Secrets 9 Property Investing: Here Are Two Important Tactics You Must Do When Buying Real Estate Off The InternetYou can purchase property off the internet. The off line fundamentals of property investing apply on line. Take A Shotgun Approach An effective real estate advertising strategy entails a 'shotgun' approach. A shotgun approach includes online internet ads, regular print ads in major real estate publications (AJC) of the property's location, as well as popular local area publications (Creative Loafing) and full use of real estate signs. If You Cant Afford to Retire...Move According to Warren Bland, PhD, an award-winning author and geographer at Cal State, people have a great option. It's called "equity-take" that is, the difference in cost of comparable housing between your present community and the more affordable one to which you could move. 5 Factors of Selling a Home There are five major factors to consider when selling a home. These factors will greatly influence not only the final price you will get for the property, but also how quickly it will sell and how much grief you will suffer through the sale. Donald Trump on Real Estate I love what Trump says about the business of real estate.I am a big believer in setting up business systems for all my clients. Unravelling The Real Estate Buying Process in Canada If you're a foreign national thinking about investing in the real estate market in Canada here's a run down of the typical buying process you should expect to encounter together with a general explanation of mortgages available to assist with the purchase.First things first though, you have to find your ideal property of course!But let's assume you've done that with the help of a good estate agent and you're ready to move forward with an offer. How Can Real Estate Investors Profit From The Internet? The Internet is a powerful marketing tool, but just how can a real estate investor make the best use of Web pages?We've spent some time experimenting with Web sites and we've found a couple of ways that they can be useful.First. Regarding Real Estate On Leased Land 1.Why are there so many properties on leased land?There are several situations here. Real Estate Investing - Books,TV Infomercials, and Seminars Real estate investing has become popularized today because of real estate investing TV infomercials and traveling seminar circuits. But real estate investing has not always been so popular. Buying Real Estate Thats Not For Sale Buying real estate can start with a look in the newspaper, a visit to a broker, or a search online. These are all good ways to find your next investment property. Property for Sale in Piemonte Italy is Attracting British Interest The Region has four distinct seasons but in general possesses a Mediterranean feel strongly influenced by the proximity of the Mediterranean Sea. Winters are short and cold (the snow and mountains providing spectacular scenery for the region's ski resorts). The Ultimate Short Sale Secret Buying foreclosures can be extremely profitable for real estate investors. However, most of these homeowners are mortgaged to the hilt. Real Estate Investing In Mexico Mexico is CHEAP! But its getting more expensive. As property values rise, especially in resort areas, investors wonder how they can profit from this. Selling Houses: The Basics of Design Psychology I'm often asked about the basics of Design Psychology, which offers innovative interior and exterior design ideas for increasing profit and shortening market time. In reply, I begin by saying that Design Psychology's strategies go well beyond normal cleaning, painting, and repair. Location, Location, Location Location, location, location - known as the 3 most important factors when buying a property, and it is easy to see why. The location of your property dictates how much yield you get, and how much capital growth, which ultimately decides how well you do. |
List4Sale Domain Is For Sale - $10,000 For Enquiries eMail Us © www.List4Sale.biz 2012 |