When purchasing a lot to build a home on, there are several important considerations to remember to ensure that the property meets your needs and aligns with your long-term plans. At FLR Developments, we often work with many clients from lot acquisition onwards to ensure they choose the property that can and will deliver the home of their dreams. Here is what you need to know when shopping for property in Calgary and the surrounding rural areas.
Purchasing a Residential Lot in Calgary: Important Considerations
Location: The lot's location is one of the most critical factors. Consider proximity to your workplace, schools, medical facilities, shopping centers, recreational areas, and other amenities. Also, consider the neighbourhood's overall safety, accessibility, and potential for future development.
Zoning and Regulations: The zoning regulations and local building codes for the lot will determine what type of structures you can build, the height restrictions, setbacks, and other details that might impact your home's design and functionality.
Utilities: Verify the availability and access to essential utilities such as water, electricity, sewerage, gas, and internet connectivity. The cost of bringing utilities to a remote lot can be significant, so it's crucial to factor this in when assessing the property.
Topography and Soil: Evaluate the lot's topography and soil conditions. A flat, well-drained site is generally more suitable and cost-effective for building. Steep slopes or unstable soil may require additional engineering and foundation work, which could add to the overall construction costs.
Orientation and Views: Consider the lot's exposure in relation to the sun and prevailing winds. A well-oriented lot can maximize natural light and reduce energy costs. Also, take note of any desirable views or potential obstructions that could impact your living experience.
Access and Roads: Ensure the lot has proper access through roads that accommodate construction vehicles and future transportation needs. Consider road maintenance and any association fees related to the upkeep of shared access roads.
Environmental Factors: Investigate potential ecological concerns such as flood zones, wetlands, and endangered species habitats that might affect construction or future property value.
Survey and Boundaries: Obtain a recent survey of the property to understand its exact boundaries and ensure no encroachments or boundary disputes.
Cost and Budget: Factor in the total cost of the lot, including purchase price, closing costs, property taxes, and any development expenses required before construction.
Resale Value: Consider the potential resale value of the property. Even if you plan to build your dream home and live in it indefinitely, it's essential to consider the property's attractiveness to potential buyers if you decide to sell it in the future.
Financing: Ensure you understand the financing options available for purchasing a lot and building your home, as the process may differ from traditional home purchases.
FLR Developments: Your Trusted Calgary Full-Service Builder
It's essential to work with a reputable home builder and consult with professionals such as architects and engineers to help evaluate the lot's suitability for your needs and future home construction plans. Conducting thorough due diligence can save you from costly mistakes and ensure a smooth building process.
At FLR Developments, we pride ourselves on guiding your home-building process from start to finish, including sharing our decades of expertise and knowledge to help guide your lot purchase decision. From Bearspaw to Foothills and Rockyview Counties, we can help you find your dream acreage! Contact us for a complimentary consultation by calling 403-980-2205 or filling out a contact form.
WE CUSTOM DESIGN YOUR DREAM
Whether you want a custom luxury home, a stunning lake view spot, or the perfect commercial spot for your new venture, our team makes the process as straightforward, cost-effective, and simple as possible. From planning and design to permits and a third party warranty, we will expertly manage every stage of the process. We take the challenge out of new builds, so you can focus on what’s truly important: achieving your dream.
Want to know more about one of our developments and how we can get your project completed on time and on a budget? Contact us at (403) 980-2205 or fill in our online form.