Real Estate Projects And Location
Whether buying a new home, a condominium or even a country home, all real estate transactions require a thorough analysis of the conditions of sale surrounding this major investment, regardless of the type of project.
The “situs” (the geographic location or region) of the proposed project should be the primary concern of any buyer, whether they are planning to built their dream home, or simply making an investment that they hope to profit from at some point in the future.
In the Laurentians, waterfront, a land with a panoramic view (land located on a mountainside, for example) or properties situated in one of the higher-end developments – such as those built around a golf course – seem to have the most appeal for those who want to settle down “up North”.
Whether building a principal residence or a secondary home, buyers should always take the investment value and the possibility of a future resale into account when considering the location of a property. Choosing a good “spot” is as much about the value it adds to the future property as it is about personal preference.
For property owners up North, the average value of property in the Laurentians has increased by about twenty-five (25%) over the course of the past 5 years, depending of the property, even in this “slow” economic situation.
Property located on a riverside or lakefront is more and more difficult to find and still remain a privileged choice as Mother Nature can’t create any more of this highly coveted land.
The land topography, the proximity of services (electricity, telephone, cable, etc…) the possibility to construct roads to access certain portion of your land, and the number of linear feet on the waterfront, all constitute the most important factors in establishing the acquisition price.
In conclusion, more and more residential projects are being carried out by developers in order to make the most of the ideal conditions offered by the Laurentians.
For more information, don’t hesitate to contact me at 450-227-7077 cell.514-688-3131 or by email at info@lecourtierdunord.com
 Michel LabrècheNotaire |
About the Author:
Me Michel Labrèche. This column was prepared by Mtre Michel Labrèche, notary, practising in Saint-Sauveur-des-Monts and Laval since 1983. Me Labrèche is also the president of Domaine le Sanctuaire des Lacs. For more information please see www.monlac.com. |