Phase 1: the empty lot
It almost goes without saying that before the home construction process begins, you start with an empty lot. But don’t discount the importance of this phase.
An empty lot can give you a real feel for what your home and property are going to look like. What’s the size of the lot? What do the surrounding homes and the surrounding area look like? It’s also important to consider the size of your home and how well it’s going to fit on the lot. Will there be enough space for the yard or landscaping you envision? How close will your home be to your neighbors or to the street? Will you have the space for the garage? Chances are you’re planning to be living in your new home for years to come, so you want to be sure you’ve got enough elbow room and some flexibility.
The lot you choose to build on influences the price of your home
It’s important to note that when you’re buying a home, you’re paying for two items: the house of course, as well as the lot itself. Which of these two has more value depends on a few things:
When a plot of land is vacant, it’s considered “unimproved land”. The value will reflect the size of the lot as well as its location. For instance, where is your lot in relation to the developing neighborhood? Is it located further back where it is quieter with less traffic? Is it on a busy corner? Does the lot back up against green space or the fence of a neighbour? How does the size of the backyard compare to other houses in the neighbourhood? A smaller backyard area could mean a reduction in value, while other factors like the proximity to schools could make it more valuable to buyers.
New construction in the Comox Valley Ridge
When you buy a potential home that’s still in the empty lot phase you’re getting in on the ground floor. Right now, ground floor opportunities are available in the booming real estate market at the Comox Valley Ridge. With both ocean and mountain views from these lots, it’s no wonder so many new home buyers are considering The Ridge as the potential location of their new home. The Ridge has several residential communities already underway but there are still some empty lots to choose from. Whether you have a large family and need plenty of living space, or you’re retiring and just want to enjoy the quiet and the view, building lots at The Ridge are well worth investigating. Give Bill and Michele a call to see if one of these empty lots is the potential building site for your dream home.
If you’re buying a home, our recommendation is to work with someone who knows the local real estate market, has a thorough knowledge of the Comox Valley area, and who has an interest in the community so that they can answer your questions and let you know about the local resources available. If you’re selling your home, you’ll want to work with someone who will provide you with an extraordinary marketing strategy and show case your home exceptionally, guide you through the selling process, and negotiate a price that gets you the best value for your investment in the current market conditions.
Start with an internet search and look at the websites you find. A website can often tell you something about the REALTOR®. In the case of Courtney & Anglin Real Estate Group, Michele Courtney was born and raised right here on the coast and has been in the business since 2005. Bill Anglin, an 18-year resident of the valley, is very active in the community. Bill is currently a volunteer and the Vice President of the Comox Valley Healthcare Foundation. As a former member of the Canadian Air Force Bill is very familiar with the process and transition of relocating. He is a valuable resource for those posted to or from 19 Wing in Comox.
The next step is to give the real estate agent you’re considering a call. Ask questions. Do they come across as professional? Are you comfortable with them? Do they have the right team working with them to meet your needs? Trust your intuition. First impressions can often tell you what you need to know.
The Comox Valley REALTOR® Checklist
Once you get a feel for your agent, compiling a good list of questions can also be a helpful tool. Here is a quick Comox Valley REALTOR® checklist, with a few questions to consider:
- Is the agent a licensed real estate agent?
- Does he or she work as an agent full-time?
- Do they have testimonials or a list of references?
- How knowledgeable are they about the Comox valley real estate market?
- Do they communicate well?
- Do they specialize in the type of property I’m interested in?
- How well will they serve their clients? Will they be available for questions and updates?
- Do they have admin support?
- What is their sales history?
Again, trust your instincts. The more personable your agent, the more attention they will likely lend to your specific needs and the better the fit. Anyone can list a home, but an agent should have both the interpersonal and negotiating skills to get you the best price.
According to the Zillow Group Consumer Housing Trend Reports, 89 percent of all home sellers choose to list their home with an agent rather than selling it themselves. Reasons for this range from getting the best price to being able to close the deal and handle complicated contract negotiations. Whether you’re buying or selling your home, don’t sell yourself short. Let a professional get you the best price for your property.
Bill and Michele are happy to meet with you to talk about your real estate needs. Give us a call and find out if we’re the right match for the REALTORS® you’re looking for.
Considering rural living?
If you are buying a home in Southwestern Canada, the right way to find the piece of property you’ve been looking for is via effective rural marketing techniques. It isn’t always easy in the big picture of rural real estate for clients to actually view the property. That’s why the real estate team of Michele Courtney and Bill Anglin reach prospective buyers with 3D tours, virtual tours, as well as personal on-site tours.
Virtual Reality Tours
A perfect example of this is when a potential buyer can’t view the inside of the house because of distance, a showing is in progress, or maybe even because of bad weather. Michele Courtney and Bill Anglin make use of virtual reality tours so prospective buyers can feel what it’s actually like to stand in the home and walk through each room at their leisure and without distractions. It’s an amazing way to view Comox Valley real estate, even if you aren’t located in proximity to the property.
Access to Floorplans
With a virtual tour and a visual tour, there is also access to measured floorplans which allow for potential buyers to envision living there with their family. There is no better way to get a feel for a home, than by using these modern marketing techniques.
Considerations for Rural Living
Rural living is different than traditional urban homes as required services such as water and sewer systems are not necessarily supplied by a municipality or regional district. Before buying a rural home, a property inspection will make sure all water wells and septic systems are functioning properly. In this video, Michele Courtney and Bill Anglin discuss what a prospective buyer may encounter when switching from an urban setting to rural living.
Well Water Quality
Many rural homes for sale in Comox Valley rely on well water. Rural property buyers will encounter one of two types – a shallow well or a drilled well. You will want to make sure that both water quantity and water quality concerns are addressed. Rural living can feel very luxurious, especially when you’re all settled in your brand-new home nestled in the Comox Valley.
Septic System Conditions
Whenever you are making a major purchase, especially real estate, a thorough assessment of the property is part of doing due diligence. With septic systems, a qualified property inspector should be able to come out to any of the rural homes for sale in the Comox Valley. There are two types of septic systems, either a gravity or a protract system and a qualified inspector will check for any sludge, buildup, or aging. Knowing the current condition of the septic system is important as upgrades and repairs could be part of your price negotiations.
Thinking About Moving?
For anyone thinking about moving to a rural lifestyle on Vancouver Island, homes for sale in the Comox Valley should not be overlooked. Potential buyers won’t need to wait for their next trip to visit a house, they can simply login and take a virtual tour. In addition, Michele Courtney and Bill Anglin can help to assure you that both water and septic systems of the property you’re interested in are inspected before purchasing.
Take an online tour or reach out to Michele Courtney or Bill Anglin if you are interested in making your move to the Comox Valley. There are gorgeous, amenity-filled houses just waiting for you and your family to make yourselves at home. Our team is waiting with your virtual tour!