The Importance of Picking the Right Lot!
BY Reid Boles, REALTORSelecting the right lot is one of the most important decisions you can make when building your home and it is something that is often overlooked until it comes time to sell.
When it comes time to list your home, you get a valuation of your house and of recent sales in the area. The house across the street recently sold for more than yours is going to be listed. Both houses are similar in size, style, age, and even finishing work, yet your neighbour’s house is apparently worth $75,000 more. What’s the problem?
At the outset, when the area was under-development and all we could see is a patch of dirt, your neighbour decided to spend the extra $20,000 to take a lot that backed onto the greenspace and the lot you picked either has neighbours at the back or maybe a busy roadway. This drastically changes the market value once the house is put on the re-sale market.
It is important to pay attention to the site map when you’re building, it will show important information like which ways the sun will rise and set, green spaces in the areas, lakes, and more.
Did you want to put a pool in one day? Do you like to sit in the backyard and barbeque in the sun? If so, then you had better pay attention to where the sun will be in your yard for the back half of the day.
Are there walking paths nearby? How about parks and greenspace? It’s all on the site map.
I can help you identify the advantages of different lots and what will get you the most money when it comes time to sell. Give me a call at 204-799-3951 and I can walk you through the process.