Email: david@davidsetton.com Phone: 604.808.9796

Blog

 
Monday, June 25, 2012

Thinking of Building a new Home in Vancouver? - Here is the Process

Have you ever thought about building your own single family home in Vancouver? This article will guide you through the four steps involved and hopefully give you a good overview so that the process does not seem as overwhelming.

Step 1 - Finding Land

The first step is obviously finding a nice piece of land to develop. There are many things to consider when searching for land. Here are a few questions to ask yourself:

1) How much do I want to spend? This question is directly correlated to where in Vancouver you would like to live which is the next question. A standard 33' wide x 120' deep lot in Vancouver West is trading at $1.4M to $1.6M depending on the exact location. In Vancouver East lots, can be found for $750,000 to $1M.

2) What part of Vancouver do I want to live in? This obviously ties back to the question, "How much to spend?" Consider your lifestyle, whether you want or need to commute, proximity to ammenities and where your recreational activities take place. Other things to consider when selecting your location is the school district the land is located in.

3) How large of a house do I want to build? The size of the property will dictate the size of the home based on a formula planners refer to as Floor Space Ratio (FSR). Single family homes are limited to a 0.7 FSR. As an example, a 4,000 sq ft lot would allow for a 2,800 sq ft home (4,000 x 0.7).

4) What aspect and do I need a view? Most people prefer a south or west facing backyard so that when they arrive home they can enjoy the evening sun. For some, a view is a must-have, but look into zoning to make sure it won't be blocked if a neighbour redevelops or if trees grow up.

Step 2 - Read the Zoning Bylaw and Visit City Hall

Before removing subject conditions on your offer to purchase the land, I would recommend that you read the zoning bylaw specific to the property and visit to city hall to confirm that you will be able to build a home that suits your needs.

The most important items to consider are the front and side yard set backs and the allowable FSR. The zoning bylaws are available on the City of Vancouver's Website.

Another great website to visit is Van Map. This Geographic Information System Database (GIS) website is a great place to start your research. Here you can turn "layers" on and off to display categories such as property dimensions, electrical and water services.

Zoning bylaws Iin particular) and GIS websites can be difficult to interpret, which leads to the next step of the process - hiring an architect.

Step 3 - Hire an Architect

An architect will be needed to help you get through the city building process and acquire a building permit so that you can start construction. You will want to make sure that you hire an architect that has experience in designing single family homes. An experienced architect will know the zoning bylaw inside and out and allow you to maximize the allowable density for the property (if this is your goal). The architect will also make sure that the elevation of the structure is appealing and not "another stucco box" that we often see in Vancouver. He or she should work from the inside out - in other words, make sure that the floor plan "works" before moving on to the elevation. When it comes to the building elevation, an architect will understand how to mix building materials and colour to make your home shine.

Step 4 - Hire a Contractor

A contractor will be able to interpret the drawings produced by the architect and make sure that the home wiill meet the building code. It will be his (or her) job to make sure that the home is built on budget and on schedule. He will be responsible for hiring the sub-trades (framers, electricians, plumbers etc). A typical single family home in Vancouver can be built in under 12 months at a cost of around $200 per square foot (depending on the quality of the finishes and site conditions). To put this in perspective, a home built on a 33'x120' lot will cost you approximately $600,000 to build. There are many steps involved in building a home which are beyond the scope of this article. For example, you may want to consider building a "green" home and incorporating newer energy saving building materials and technologies, for which there are incentives, especially if you plan to live in the home for more than five years and therefore see the return on investment.

Finally, don't forget to plan and budget for a place to live while you are building - and add a contingency to the mix!

Post CommentComments: 0Read Full Story
Categories: 4345 Rockridge Road | Arbutus, Vancouver West Real Estate | art and science of negotiation | Assessed Values Vancouver Real Estate | BC First-Time New Home Buyers' Bonus | BC Home and Garden Highlights | Better search engine than realtor.ca | Board Statistics | Bubble | Building a new home in Vancouver | Building on irregularly irregular shaped lot property vancovuer | Buy a New or Used Home in Vancouver | buyer's market | buying a home in Vancouver | buying new construction real estate in vancouver | Buying re-sales vancouver real estate | Cambie | Cambie Listing Vancouver Real Estate | Cambie, Vancouver West Real Estate | Canadians invest in Arizona Real Estate Is now a good time to buy AZ Real Estate | Charity Donation | charity donation real estate agent vancouver | Check out my Mobile Search App | Chinese Influence on the Vancouver Housing Market | Chinese influence on Vancouver housing market | cigar-et smoke smoking strata bylaws | Coal Harbour | Coal Harbour, Vancouver West Real Estate | Common mortgage mistakes | Competition and the MLS System | Competition Bureau and the MLS System Changes | Condos | CRFS Contingency Reserve Fund Study Vancouver Real Estate | Current Housing market conditions in Vancouver | Current housing market conditions in Vancouver, Video Market Update for February 2013 | December 2011 Market update | Depreciation Reports Strata Reports CRF Study Contingency Reserve Fund Study | Douglas park vancouver neighbourhood | downtown | Downtown VW | Downtown VW, Vancouver West Real Estate | Dunbar, Vancouver West Real Estate | Fairview VW | Fairview VW, Vancouver West Real Estate | False Creek | False Creek, Vancouver West Real Estate | February 2011 Vancouver Real Estate Market Report | Four Great Things about Laneway Houses in Vancouver | Green building, Building a green home in Vancouver, Live Green, Environmental Construction | Harbour Green | Heritage Home Renovation | Home and Garden Show 2011 | Home building in Vancouver | Home buyers guide Vancouver real estate | Home buyers Guide Vancouver Real Estate Purchase | homebuyer's guide, home buyer handbook, purchasing a new home - the process | How is the Vancouver Real Estate Board Doing | How to make an offer on a home in Vancouver | How to purchase a home in Vancouver | Important words to know from CMHC when buying a home | June Vancouver Real Estate Market Update | Kerrisdale, Vancouver West Real Estate | Kitsilano | Kitsilano Home Open House | Kitsilano, Vancouver West Real Estate | laneway houses - cash from your property | learn about real estate mortgage options and mortgage insurance | Luxury homes | Main, Vancouver East Real Estate | Market Report Update from Vancouver Real Estate Board | market trends | May 2010 Vancouver Market Report | Mortgage advice when buying a home in vancouver | Multiple offers | New vs. old homes Vancouver Real Estate | Newsletter articles | North Vancouver Real Estate | Northlands | Oakridge VW, Vancouver West Real Estate | Patina Vancouver High Rise YMCA | Real Estate Commissions | Real Estate Market | Real Estate Market Report | Real Estate Statistics for Vancouver BC | Real Estate Vs a Live Insurance Investment | Rescinding a pre-sale condo, Vancouver real estate | Rockridge | Rockridge, West Vancouver Real Estate | S.W. Marine, Vancouver West Real Estate | Search for Vancouver Real Estate | September market update | Single Family home market report for Vancouver West | Sold | Sold Listings | Southlands Country Fair Sunday Sept. 16th from 10AM to 4PM | Special Levies Contingency Reserve fund Studies | Statistics | Tempe, North Vancouver Real Estate | The steps involved in purchasing a home in Vancouver | The Value of a REALTOR in Vancouver | Tips for selling a home during the holiday season | Understanding the data and stats | Ups and Downs of the Vancouver Market | Vancouver | Vancouver East Real Estate | Vancouver market report - september 2011 | Vancouver market report update for October 2011 | Vancouver Market Update | Vancouver Market update report real estate | Vancouver Most Expensive City | Vancouver real estate | Vancouver Real Estate Average Priced Home | Vancouver Real Estate Board Market report | Vancouver real estate market report | Vancouver Real Estate market report for March 2013 | vancouver real estate market report May 2011 | Vancouver Real Estate Market Update | Vancouver Real Estate Market Update for March | Vancouver Real Estate Market Update for March 2012 | Vancouver real estate market update report | Vancouver Real Estate Video Market Update for December 2012 | Vancouver Real Estate Video Market Update for September 2012 | Vancouver Video Market Report | Vancouver Video Market Report for January 2012 | Vancouver Video Real Estate Market Update | Vancouver West Market Report Vancouver BC | Vancouver West Real Estate | Vancouver West Real Estate Market Conditions | Vancouver Westside Real Estate Stats | Vancouver Westside Single Family Home Real Estate Trend Graph | Victoria VE | Video Market Update for June from the Vancouver Real Estate Board | Video Market Update for October 2012 | Video Market update from Real Estate Board of Greater Vancouver REBGV | Video Market update from the real estate board of greater vancouver | Video Market update from the real estate board of greater vancouver for January 2013 | Video Market Update from the Vancouver Real Estate Board for April 2013 | Video market update from the Vancouver Real Estate Board for March 2013 | Video Report from the Vancouver Real Estate Board | Vnacouver Market Report for February 2012 | West End VW, Vancouver West Real Estate | West Vancouver Real Estate | What is keeping vancouver real estate prices high | Why it is better to use a buyer's agent | Win / Win Conflict Resolution | Yaletown, Vancouver West Real Estate