Are you thinking about buying vacant land and building your dream cottage/home? You are not alone. We speak with people regularly who are considering this option to build a cottage or their future retirement home. Searching for vacant land for sale that will meet your search criteria requires a strong knowledge of the many nuances of rural and waterfront properties.
When thinking about buying vacant land and building on it now or in the future there are a number of considerations to think about. To begin with, you will want to think about how you will be using the land. Are you wanting to
build a modest cottage or are thinking about building an all season home that you will move to in the near future? If this is the case, are you wanting to be near a town or small community so that you can access amenities and perhaps the future medical care you may require?
In real estate, we are always talking about location, location, location and when buying vacant land, this continues to hold true. Depending on how you plan on using your vacant land, you will certainly need to consider if you want waterfront, access to water, or another type of rural property. If waterfront is for you, there are many considerations in terms of lake size, lake quality and proximity to amenities. All of these will impact on the value of the property now and in the future.
If you are going to build, the type of road access will be a consideration – seasonal, year round, private, municipally maintained, etc. Water access may or may not be a consideration. Additional knowledge that is required about the property will include (but is not limited to): set backs on the property, the cost of bringing services to the site, the cost of clearing the land (or old buildings), the availably of space for a septic system, and water source (lake or well). Will you choose to utilize a local contractor or will you consider a factory built building?
The is some beautiful vacant land for sale in the Parry Sound-Muskoka district, but it is always wise to speak with a knowledgeable, experienced Realtor as part of your discernment process. If you are interested in buying vacant land, we can help.