What to Consider When Buying A Vacant Lot - Royal Homes What to Consider When Buying A Vacant Lot - Royal Homes
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What to Consider When Buying A Vacant Lot

Planning Your Lot & Home


We can all imagine what the perfect home might look like.

A lot of the time, we want to put our own touches on it and truly make it a reflection of ourselves. To get that, you might be considering buying a vacant lot and building it from the ground up.

But you must be thorough when buying a vacant lot. No matter how perfect a property may look on paper, research and review are crucial when ensuring you’re getting what you want.

So, what should you consider when you want to build from scratch?

Location, Location, Location

Nothing is more important than where your lot is.

You can change the house in any way you need, but you can never change the view or location.

Google maps and the street view feature can help you narrow down your search, but it is also important to get out there and experience the area first hand!

Where you choose has to be a good fit for what you intend to use the land for and how long you intend on staying.

If you plan on building a forever home, building it within beautiful valleys or on an island might pose a problem for accessibility services or if the land changes over time. Will the shoreline get closer? Is there a chance for rock fall? Long, snow-filled winters? These are all things to consider.

Similarly, road accessibility might be something that has slipped your mind. A secluded house might require you to build your own road to connect up to the rest of civilization.

Costs

This is a big investment of time and money. When you’re buying a lot and building, the costs can add up quickly.

Aside from the building costs there are some other costs that you might not have considered.

1.    Land Survey

This might not be a necessity if you have an up to date survey. When you first see the map of lot boundaries, it’s often difficult to visualize the actual land. Professional surveyors will research your property and mark the exact boundaries of the lot.

2.    Title Insurance

Title insurance is important because it protects owners and lenders against property loss or damage. You are protected from the legal complications involving your property.

3.    Utilities

Depending on where you want to go and how you want to live, you may have to consider utilities into the equation. Electricity, heat and phone lines are very necessary for a lot of people. Not only that but you may need a septic tank or even a well for access to water and a sewage system.

If you’re moving into an already developed area, however, this may already be available to you.

What and Who is Next Door?

Like location, what’s surrounding you should be taken into consideration when deciding where to buy the perfect lot.

Depending on where the lot it, you might want to consider what the land around you is or will become. Is it going to become commercial or industrial?

Similarly, who is next door?

If you need specific utilities that you don’t currently have, it’ll have to be put somewhere. Sometimes it means that you have to go through your neighbour’s land. And you’ll need permission.

If negotiating with the neighbours isn’t something you signed up for, then the lot isn’t for you.

What are the Restrictions?

When it comes to real estate, there is no escaping the required permits.

You’ll need:

From the electrical to the septic tank, permits are required for everything, to keep the property safe.

For land built on subdivisions, there are often restrictions placed upon the property, such as homeowner’s associations. Property restrictions can dictate where you park your car to how often you cut your grass.

These restrictions are there for a reason though, they help protect you and the land you own.

Buying property is a big decision. It’s an exciting time when looking for the perfect lot! But there are so many things to consider when purchasing a lot. It can be overwhelming so make sure you thoroughly research the locations you’re considering!

For more information, get in touch with us to see how we can help make this decision easier and stress free.

We are very pleased and love our new home.Kathy
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  • FAQ

    Where can I get a price list or How come your website doesn’t show pricing?

    Prices vary geographically, depending on where you are building. With the amount of options available, price lists run into thousands of options. Prices change with the options you choose. The best way to get an idea on pricing would be to contact our Design Centre nearest to where you are building.

    What is your average square foot selling price?

    Prices for a complete home, including foundation vary from $250 sq-ft to over $350 because our homes are all custom built, we can design a home to fit your budget.

    Why should I buy from you over a conventional or "Stick-Builder"?

    The advantages of prefab include building in a climate controlled environment, using environmentally friendly products which reduces waste and a CSA monitored quality controlled program. There is less time start to finish, with less disruption to neighborhood. We also sell at a firm price.

    Do your homes include a foundation?

    Yes our homes include full foundation and basement.

    How long does it take to build a Royal Home?

    It takes less than two weeks to build a home in our factory, but the process from start to finish is very dependent on the timing of obtaining a building permit. For most of our clients the process from start to delivery is twelve to sixteen weeks with move in eight to twelve weeks thereafter.

    What size homes do you build?

    As a custom builder we can build any size home but generally the average size range is between 1300 and 3500 sq feet.

    Do you build garages?

    Yes. Garages are built on site after the home is delivered.

    Are the homes energy efficient?

    Building a prefab home in a factory assures the highest attention to sealing the building envelope and ensures that the cold stays out.

    Since your homes are so energy efficient and air tight, how do you get fresh air?

    All our homes have HRV heat recovery ventilator air exchanger to remove stale air, and introduce fresh air.

    Where can I put a prefab home?

    Anywhere in Ontario you like.

    Can I really customize my prefab home?

    Yes, we use state of the art custom design software, today no two homes are built alike.

    Do you finish the basement?

    Yes. We can customize your basement to the finishes you desire.

    Are Royal Homes built to code?

    All Royal Homes are individually designed to meet all provincial and municipal building codes for your specific lot location.

    Do you build stick-built or conventional homes as well?

    We are a custom home builder first and use prefabricated components wherever we can, because it is a better way to build. If you have a remote site or custom home design with large open spaces we would look at what makes most sense for that design and location. This could include prebuilt panels or partially site built specific rooms.

    What makes the building process environmentally friendly?

    Waste in the factory is separated and recycled, reducing the impact on landfills. This has less disruption in terms of noise and time at job site. Building prefab allows for higher energy efficient homes and reduced heating costs.

    How is your home delivered?

    Our home is delivered by way of custom designed hydraulic flatbed trailers and precisely craned onto the foundation.

    Can you make changes or custom design?

    Yes, clients are given preliminary plans to review and changes are welcome and easily accommodated.