Checking new listings of land for sale on a daily basis will help you figure out the prices per sq.ft. in different areas. Of course, you also need to consider whether the land’s zoning will allow you to build your dream home – we would be delighted to assist with that!
Buying land to build your dream home or cottage is a big step. You really need to consider the following so you can move forward with confidence:
Local Bylaws and Zoning: Municipalities control every aspect of new construction, including the maximum square footage and height of buildings, insulation, water usage, electrical connections, the building footprint, setbacks, parking requirements, fencing and permitted uses of the building. Each municipality has different regulations, so it’s critical to understand the rules that apply before buying a piece of land!
Property Taxes: Property tax rates can vary widely between municipalities and often depend upon the zoning of the land. Taxes will go up when you build since the value of the property is now significantly increased. Tax rates may be a consideration when buying a piece of land.
Lot Size: One of the first questions to ask when scouting out properties is how much land do you need. More land opens up many possibilities, such as room for outbuildings and greenhouses, hobby farming or storage for your camper van, dirt bikes, snowmobiles.
Electrical Access: Are electrical lines installed reasonably close by? The power company will pass the cost of installing new poles and power lines from the nearest grid access point on to you, and these might be very substantial. Your alternative would be to consider using solar or wind turbines, coupled with battery storage, for your electrical needs.
Drinking Water and Sewage: Remote properties may not have access to municipal water or sewer systems. Before purchasing, confirm whether a well, approved water supply or septic system is available or feasible. Water rights, permits, soil conditions and local health-authority requirements may affect development plans and costs.
Soil Depth and Composition: High groundwater, shallow bedrock and unsuitable soil conditions can affect foundation design, basement construction, drainage and building costs. A geotechnical assessment may be necessary before determining whether your proposed construction is feasible.
Proximity to Neighbours: Is privacy important to you or would you prefer close neighbours for social reasons? Don’t assume they’ll always stay there…
Proximity to Water: Another decision to make early in your search for land is whether you want access to a lake or river. Waterfront properties may command a premium, but floodplain restrictions, setbacks, environmental regulations and permitted uses should be investigated before purchasing.
Proximity to City Amenities: Consider proximity to transit, how far you’re willing to travel for groceries, hardware and health care?
Internet and Cell Service: If you are planning for an out of town property, make sure you check if cellular service is available!
Insects and Other Pests: Mosquitoes, black flies, bears, skunks and other wildlife may well be a feature of the location where you buy land. Again, know before you buy!
