Things You Must Consider When Purchasing Property in Kelowna

What to Consider Before Choosing a Property in Kelowna

1. The location of the lot holds paramount importance. Reflect on its proximity to your workplace, schools, medical facilities, shopping centers, recreational spots, and other essential amenities. Gauge the neighbourhood's safety, accessibility, and potential for future development.
2. Familiarize yourself with the zoning regulations and local building codes governing the lot. These rules dictate the type of structures permissible, along with considerations like height restrictions and setbacks that could impact your home's design and functionality.
3. Essential utilities such as water, electricity, sewerage, gas, and internet connectivity play a crucial role in your daily life. Confirm their availability and accessibility on the lot. Bringing utilities to a remote area can entail significant costs, so factoring this into your assessment is vital.
4. The lay of the land and soil conditions are vital aspects to examine. Flat, well-drained terrain is typically more suitable and cost-effective for construction. Conversely, steep slopes or unstable soil may necessitate additional engineering and foundation work, increasing overall construction expenses.
5. Take note of the lot's frontage in relation to the sun and winds. Optimal positioning can maximize natural light and minimize energy costs. Furthermore, consider any captivating views or potential obstructions that can impact your future living experience.
6. For rural properties, ensure the lot enjoys proper access through well-constructed roads that accommodate vehicles and future transportation needs. Additionally, factor in road maintenance and any association fees related to shared access roads.
7. Conduct thorough investigations into potential environmental concerns like flood zones, wetlands, or protected habitats, as they could influence construction plans and property value.
8. Acquiring a recent survey of the property allows you to understand its boundaries and ensure there are no encroachments or boundary disputes.
9. Assess the lot's overall cost, including the purchase price, closing costs, property taxes, and any development expenses necessary before commencing construction.
10. Even if you plan to reside in your dream home indefinitely, it's prudent to consider the property's potential resale value. If you ever decide to sell, factors like location, amenities, and market trends can impact its attractiveness to potential buyers.
11. Bear in mind that financing options for purchasing a lot and building your home may differ from traditional home purchases. Be well-informed about the available choices to make the best decision for your situation.

FLR Developments: Your Trusted Kelowna Full-Service Builder

Working with a reputable home builder and consulting with experts such as architects and engineers is invaluable when evaluating a lot's suitability for your needs and future home construction plans. This comprehensive due diligence can save you from costly mistakes and ensure a seamless building process.

At FLR Developments, we take pride in offering an end-to-end home-building process. With our decades of experience and expertise, we can guide your lot purchase decision. Whether you are considering an inner-city development, a rural getaway, or anything in between, we're well-equipped to help you find your ideal spot! For a complimentary consultation, contact us at 778-721-5791 or fill out a contact form. Your dream home awaits!