The future of housing in Alberta cities has been significantly transformed by the introduction of infill home developments. Most of them have a lot of visual appeals and architectural merit, and as well as their curb appeal, these houses have played a significant role in revitalizing established neighborhoods. Because the homes make use of transportation, schools, utilities, parks, and other established city resources, they have less of an environmental impact.
If you are looking to build an infill home, or perhaps a skinny home, these five factors can help you to choose the ideal lot.
Determining the style and size of home you can afford is a good place to start, and the process is a lot easier if you know beforehand how much you are approved for. You should have an idea of the margins you are trying to get to as an investor or buyer if there is an existing home already in place on the lot you are thinking of buying. And a realistic target is for the cost to be between about 30 and 50 percent of the final price of your new home if you are buying a teardown lot. In other words, your teardown home should cost between $132,000 and $200,000 if the final price of your infill home is $400,000.
If you are buying an infill home, you want the best possible location, which may be close to where you spend much of your time. A skinny home or infill home close to bus routes, a park or a cycle path may be relevant to you. On the other hand, your focus may be on living close to the mall, leisure and sporting activities, a good school, or a local supermarket. Many infill sites are located near amenities, and it isn’t uncommon to find infill sites in established areas within the city. Deciding what is important to you when it comes to location and what you are close to is something only you can determine.
A custom floor plan that gives you a functional layout can easily be created by an interior designer that takes into account the available space, your long term goals, and your budget. However, you will have to consider various factors that can help you to determine the size of your infill home. You may want to verify whether any natural lighting is blocked by the neighboring units and whether there is sufficient parking. And of course, the overall size and shape of the lot will help to determine the size of your home. Other factors might include the potential size of the backyard, the size of your home compared against nearby homes, whether you are thinking of investing in or building a multiplex and whether you will qualify for the required permits based on the size of your home.
Some options are popular with those looking for an infill home opportunity. You may decide to carry out major renovations instead of tearing the property down completely. And many people focus more on the neighborhood and don’t mind the property not being energy efficient, having minor structural issues, having an outdated kitchen or being a little smaller than they wanted. One thing to keep in mind is that obtaining the permits required to build your house is often easier if you add on to the home’s existing roofline, foundation, and walls. Your budget, proposed style of home, and your timeframe for completion will help to determine that decision.
5) Talk To a Professional
Someone familiar with infill homes, such as an experienced builder or realtor can be a valuable source of information and can help you find the right building lot, carrying out a feasibility study as needed. And working with a builder may mean a smoother and faster process, as you sometimes have access to units that have already been purchased.