The building of infill homes in Edmonton is having a big impact on the future of housing in the city. Building an infill home helps the environment because the home can utilize existing municipal resources such as schools, transit, utilities, and parks. Infill homes revitalize older neighborhoods and can create great curb appeal with exciting architectural design.
A great infill house starts with finding the right location, and here are five factors that should be considered when choosing the ideal infill lot.
Price Of Lot
This is a great place to start. When you know how much you will be approved for it can help you with your financial plans, and it will determine the style and size of home you can build. If you purchase a lot that already has a structure on it, you need to do some advance research and decide what margin you want to achieve, whether you are a buyer or an investor. If you opt to buy a teardown lot, the cost should be one third to one half of the final price of the completed home. I.e., If your infill home costs $400,000 in the end, then the teardown unit should cost between $132,000 – $200,000.
Location Of Lot
Think about the places where you spend a lot of time to see if the place where you want to build an infill home is convenient for your needs. For example, is it important for you to be close to a school, grocery store, shopping mall, or leisure center? Is it important for you to be able to walk in the neighborhood? If the answer is yes, you should look for a lot that is near bike lanes, parks, and bus routes. One great advantage of building an infill house is that lots are frequently located in established neighborhoods that already have great amenities, so it is just a question of deciding if a particular area is a good fit for your needs.
Size Of Lot
There are several factors to consider regarding the shape and size of the lot; will the structure you want to build fit on the space available? Will there be sufficient room for parking? Do the neighboring buildings obstruct the natural light you wish to have in the home? How big a backyard do you want? Will the size of the house be comparable to existing nearby homes? Do you want to build a multiplex? Does the lot meet municipal requirements so you can obtain the permits required? Depending on your answers, an interior design expert can help you create a customized floor plan that fits your budget, long term goals, available space, and will maintain its value over a long period of time.
Condition Of Existing Home
When you decide to build an infill house, you have a few options: 1) look for homes that are not in good shape but which are located in desirable areas (smaller footage than average, outdated kitchens, not energy efficient, the home has structural problems or an insufficient number of bathrooms). 2) Instead of making a teardown of the existing home, consider doing a major renovation. You may find it easier to get the permits required by doing renovations such as adding to the foundation, existing walls, and roofline. In the end, you should base your decision based on factors such as budget, time frame, and the style of home you desire to build.
Contact An Experienced Professional
Consult with a real estate agent or a custom home builder who is experienced in dealing with infill homes. These experts can help you find a lot that fits your needs, and they can do a feasibility study to see if the lot you want to purchase is a good candidate for infill housing. Your custom home builder might have units that have already been acquired so you can make your choice.
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