Why Location is Key When Building Your Dream Home

When it comes to real estate, there’s a saying you’ve likely heard: “Location, location, location.” This phrase underscores the idea that no matter how beautiful a house may be, its surroundings can make or break the long-term value and enjoyment of your home. If you’re planning to build a custom home, choosing the right area is just as important as selecting the perfect floor plan or design features. From the proximity to schools and services to potential resale value, here are the top factors to consider when buying land or planning your new build—especially in a vibrant region like Kelowna.

1. Community and Amenities

One of the most important factors when buying a house or piece of land is the community itself. Living near grocery stores, medical facilities, schools, and recreational centres can add convenience to your daily routine. It’s also worth noting any unique features in the area: for instance, Kelowna’s wine region, lakefront properties, or local hiking trails can significantly enhance your quality of life.

Action Step: Create a checklist of the must-have amenities you’d like close to your dream home. This will help narrow your land search and ensure the location supports your lifestyle.

 

2. Future Growth and Development

The factor of location goes beyond current amenities; it also involves evaluating the potential for future growth. A region experiencing economic development can boost property values over time. You don’t want to be caught off-guard by new highways or commercial projects that might disturb your peaceful neighbourhood. Research municipal plans or talk to a local real estate expert to get the inside scoop.

Related Reading: The Importance of Location When Building a Home – for additional insights on location factors.

 

3. Environmental and Lifestyle Considerations

Whether you’re a nature lover, city enthusiast, or somewhere in between, you’ll want a location that reflects your lifestyle. Pay attention to:

• Climate: Some areas of BC can get extremely hot in summer or cold in winter.
• Views and Natural Surroundings: Proximity to lakes, vineyards, or mountains might boost your satisfaction—and your property value.
• Local Regulations: Certain neighbourhoods may have restrictions on lot use, building height, or home style.

 

4. Accessibility and Commute

Long commutes can turn an ideal home into a daily hassle. It’s crucial to consider the distance to your workplace, schools, or main routes. Good roads and reliable public transportation can make your life smoother, particularly if you expect to receive visits from family or friends regularly.

Action Step: Before finalizing your land purchase, drive (or commute) from your prospective neighbourhood to work or school at peak hours. This real-life test often provides a reality check on daily travel times.

 

5. Resale Value and Investment Potential

Even if you intend to live in your dream home forever, plans can change. Future job opportunities, family needs, or lifestyle shifts might prompt a move. When that happens, a well-located property generally sells faster and at a higher price. Choosing a prime location real estate spot ensures your home remains a strong investment.

Building with 3rd Generation Homes

When you’re ready to start building your dream home, it helps to partner with professionals who know the ins and outs of the region. At 3rd Generation Homes, we specialize in Kelowna custom builds that blend seamlessly with the area’s natural beauty and thriving communities.

• Learn more about our process to understand how we guide you from initial design to final walkthrough.
• Thinking about neighbours or community restrictions? Check out our blog on building a new construction homewith neighbours.
• Have questions on what to ask a builder? Read our questions to ask home builder blog for tips.

 

Frequently Asked Questions (FAQs)

How important is location in real estate?

Location is vital—it’s often considered the most important factor in real estate. A great home in a poor location can struggle to retain or build value. Conversely, a modest home in a prime location can appreciate significantly over time.

What is the hardest stage in building a house?

Many homeowners find that planning and design can be the most challenging stages because of the many decisions involved (floor plans, design elements, and budgets). However, some may find waiting for permits or dealing with unexpected site conditions to be the hardest part.

How much does it cost to build a house in BC 2024 per square foot?

Costs can vary widely depending on location factors, finishes, and labour markets. In some parts of BC, the average cost can range from $250 to $400+ per square foot for a custom build. Always consult with local contractors and builders for the most accurate figures.

How much do general contractors charge in BC?

General contractor fees in BC typically range from 10% to 20% of the total construction cost, depending on the complexity and scope of the project. Getting multiple quotes and comparing services is the best way to ensure you’re getting fair value

What permits are required for building a new home in BC?

You’ll typically need a building permit from the local municipality, along with electrical, plumbing, and possibly septic permits if required. Zoning regulations and environmental assessments may also come into play, depending on the location.

When is the best time to start construction in Kelowna?

Kelowna’s weather allows for construction for much of the year, but spring to early fall is often preferred for ease of ground preparation and fewer weather-related delays. If you have a tight timeline, starting in early spring helps you get most of the work done before winter sets in.

Should I buy land first or find a builder first?

Both approaches can work, but finding a builder who knows the local market before purchasing land can help you identify potential pitfalls, zoning issues, or extra costs related to the lot. Builders often have insights into which neighbourhoods fit your budget and lifestyle.

 

Ready to Build Your Dream Home in Kelowna?

Choosing the perfect lot can be daunting, but it’s one of the most important factors when building a house. If you’re looking for guidance on where to build, or how to start planning a custom home, contact us today. We’ll help you navigate everything from land selection to final finishes—ensuring your dream home is in the right place for your lifestyle and future investment.