A Look at Buying Land for Your Dream Home Build

View of the Naramata Bench from Munson Mountain in the Okanagan Valley city of Penticton, British Columbia, Canada.

As your vision of the perfect home build starts to come into focus, it’s time to start looking for the property that will bring it all together. With just the right lot, you can rest assured that the construction of your dream home will go to plan. Beyond that, practicing your due diligence helps ensure that it’ll serve as a great place to live for years to come. Ready to get started on your search for acreage for sale in BC? Here’s what you need to know.

Where to Find Acreage for Sale in BC

Before you can even start weighing the options, you need to know where to find acreage for sale in BC. Although you could search high and low for listings that might pan out, the best place to find all the top properties in one spot is through local real estate brokers.

By going to their website, you can easily browse all the latest British Columbia real estate listings with just a few clicks of a button. The site even makes it easy to sort the results by price, date, and key property characteristics, like if it’s located on the waterfront.

As you click on each listing that catches your interest, you’ll get a rundown of its key characteristics, like:

  • Address
  • Total acreage
  • Road type
  • Utility access
  • Price

You’ll also usually get to see one or more pictures of the property, including a snap of the boundary lines on a map of the neighborhood.

Things to Watch Out for While Buying Land

Although the listings give you a good overview of what each property has to offer, you have to dig a bit deeper to get the full story. Your real estate broker can help break it down for you by going over the following items.

Property Value

To get the best return on your investment, the cost of the property should align with the total price of your home construction project. Otherwise, the mismatch could drop the value of the more expensive element, resulting in a low ROI for you.

For the best results, calculate the finished value of your home, and then spend 20% to 30% more than that figure on the land. If your home build will hit $400,000, then look for acreage in the $480,000 to $520,000 range.

Zoning

When building a new home, you must get a property zoned for your build type. If you plan to run a business out of your home, for example, then you need to get a property in a multi-use zone. Residential zoning works for basic single-family homes but won’t do if you want to build a triplex.

Easements

Many properties across BC and beyond have easements, which give other individuals the legal right to access your property. The type of easement attached to the land determines how they can use that right.

Utility easements, for example, may let the municipality run water pipes through your property at their discretion. Other easements may let neighbors use your driveway or otherwise go on your land for their own needs. So, if you want full rights to your property, check for easements and rule out any properties with those conditions.

Don’t forget to look into local ordinances to make sure that you’ll have access to garbage service, can have animals on your land, and generally use the property as you wish. Ask about natural hazards as well, like flood plains and fire zones.

How to Verify the Acreage for Sale in BC Meets Your Needs

In addition to speaking with your real estate broker about each property, plan to have a surveyor and inspector take a look before you commit to the purchase. The surveyor will confirm that the property boundaries match the listing, while the inspector will check for major faults. You can then move forward with your plans of buying acreage for sale in BC that’ll work best for your dream home build.