Build a Home or Invest in Land
Cowichan Valley lots and land for sale on this page offer a unique combination of value and opportunity. Some buyers intend to manage the construction of a house or will engage a local builder and raise the house of their dreams. Others will buy with the intention of keeping a rural building lot as a summer vacation spot and long-term investment. Raw land in the Cowichan valley offers excellent value with a wide range of locations and views.
In areas around the major centres like Duncan, lots are generally full serviced with municipal utilities available at the lot line. This means that the city will provide water and sewer access for your developer while in rural areas you might need to have a well and septic installed. Other utilities like cable, phone, and power are available almost everywhere on Vancouver Island. This area is home to a number of highly qualified builders and factory built home retailers which makes it easy to choose something that fits your budget and lifestyle.
The prices for lots and land vary widely depending on location and size of the land. Most banks will require a 50% deposit although some land-owners may be willing to look at vendor financing. Finance terms are similar to a house or condo, usually 25 years at competitive interest rates. Once financing is in place, you can begin the process of improving the land or shopping for a builder. If you intend to build, check with your lender about a construction loan. This type of contract ensures you have the funds to complete your project and allows refinancing of the land with a new mortgage.
A Note about Buying Cowichan Valley Lots and Land
Are you considering buy a Cowichan Valley lot or acreage to develop? We have experience working with builders and owners working as their own general contractor. Due diligence is very important when considering a property and we will help you determine if a particular parcel is right for your project. For example, that inexpensive lot that has been on the market a long time might have issues. If it’s full of fill, your foundation footing would need to be below the level of fill which could be tens of feet costing hundreds of thousands to excavate. Or, your land may have some hidden value or overlooked equity that is in your favour. Either way, you can count on us to look after your best interests with the same care we would use for our own transaction.
Contact Constantin or Mariana using the forms on the details pages. Visit our Vancouver Island commercial real estate website for investment properties
