Archive for the 'Real-estate' Category
By Timbermart
Filed under: Building, Dream, Foundation, Garage, Home, House, Lot, Plans, Real-estate, Style
When you’re thinking about building a new home it’s pretty easy to get caught up in thinking only about the sticks and bricks of the structure. Many people overlook the fact that the lot you choose to build on can be just as important a factor in determining your future happiness as the home itself. Before you get too involved in the details of you house plan, it can pay to invest some time I finding the perfect lot. There are a number of key questions that you can ask yourself to help determine what lot is right for you.
DO YOU ALREADY HAVE A HOMEPLAN?
If you already have your dream home planned, and you know the style and size, then it makes sense to look for a lot that will complement and maximize you design. If you don’t have a house plan yet, then you may want to search for the perfect lot and then design a home to fit.
WHERE DO YOU WANT TO LIVE?
Knowing in advance where you want to live will help you stay focused and avoid throwing lots that don’t meet your need into the mix. If you are new to an area, find a knowledgeable real estate agent to help in your search. You must also consider proximity to shopping, schools, churches, playgrounds, and work. All of these factors influence property and resale value. Finally you should carefully research the value of other homes in the area. As a rule of thumb, you will want the value of your home and the lot to be approximately the same as others in the area. Having too high or too low a value for the neighbourhood can make it more difficult to sell your home in the future. You should also take the time to check for area zoning restrictions or restrictive covenants that might limit your freedom to build the house you want.
IS THE LOT LARGE ENOUGH?
More than likely there will be some setbacks that will leave only a portion of the lot for the actual house. How much back and front yard space do you want? Will there be a driveway? Will you be building a garage? These are all things that you must consider. Even if the garage might be a future addition, it’s smart to think about it now. You will also want to check for any easements on the lot. An easement is an area on the lot that is restricted from building. Most easements are for utility line access.
WHAT IS THE TOPOGRAPHY LIKE?
A flat lot is much less expensive to prepare and build on, but a sloping lot can be much more scenic. You should also be wary of lots in low spots that may be prone to flooding. No matter what lot you are considering, take the time to visit it after a heavy rainfall to evaluate the drainage. Take the time to look for the sun direction as well. Many homeowners will orient their house to maximize natural light exposure. Don’t stop at what’s above ground either. The type of soil or rock under the ground can affect how easily you will be able to dig a foundation and how well it will support you home. Bedrock is very expensive to dig through, while clay soils expand and contract which could cause cracks and leaky basements.
WHAT WILL YOU WANT IN THE FUTURE?
We will go through changes in our lives, and having a lot that gives you the flexibility to accommodate these changes is a big plus. Whether it’s an addition to the family that requires an addition to the house, or maybe a new garage or swimming pool, you don’t want to find yourself somewhere down the road without sufficient space.
FINAL THOUGHT
It’s very difficult to find a lot that meets all of your criteria. In many cases there are trade-offs to be made, so list your criteria in order of important. If you find yourself overwhelmed, you can seek the services of a landscape architect, surveyor or professional contractor to help you make the right decision.
Read the rest of this entry (No Comments »)By Philippe Mercure
Filed under: Building, Construction, Designer, Garage, House, Housing, Labour, Mortgage, Prices, Project, Real-estate, Reference, Renovation, Residential, Solarium
In recent years, the residential construction industry has undergone an unprecedented growth, and it’s noteworthy that the province of Quebec has contributed more than ever to the record construction surge.
The relentless pace, which month after month continues to confound the experts, will, sooner or later, experience an inevitable slowdown. There are some very simple reasons why this will eventually occur: the rise in the cost of labour and building materials, combined with the gradual hike in mortgage rates will prompt people in this activity sector to reconsider their strategy.
While the phenomenon is still in its infancy stage, it’s been happening for the last few months from a Canadian standpoint. It’s the direct result of housing prices, which, since the beginning of the new millennium, have spiralled, often beyond 50%. Some people see that as nothing but a good thing, even though the real-estate value of their home is practically wiped out by the proportional increase in costs of buying or building a new house.
A growing number of home owners, however, prefer renovating their home, financing the work through the equity that has been built up in their property. Consequently, they avoid having to pull up stakes to go and live in a residential area that is likely to take a decade to mature from an urban development aspect.
There are myriad reasons for sake-of-change renovation, as opposed to a straightforward move into another home. Usually, the decision is made once the children have left the family nest. Then it’s a matter of re-appropriating space, with practicality and comfort of the occupants in mind, by enlarging the living room or bathroom to set up your own peaceful oasis, by adding on a solarium or by finishing off a spare room above the garage.
As residential designers, our knowledge of the housing sector and the need to oversee each of the stages one goes through in bringing a project to fruition has led us, more and more, to contribute not only to the development of plans to carry out the work, but also to play an active consulting role, thereby providing support service throughout the project, if need be.
All the more true, the renovation projects are becoming more sophisticated and expensive as lands and properties value are increasing.
It is no longer uncommon today, to turn a bungalow into a cottage and double the floor space of a home in order to maximize the value of a property located in an area in demand or on the edge of a water-course, for example. This type of transformation, we understand, requests an excellent planning for future use of space. This is the task that is increasing more and more the workload for designers and creators specialized in residential construction.
If we add other determining factors such as the scarcity of land and urban sprawl, it is likely that the decline in starts of new homes will be largely offset by the major renovation projects in the next following months.

