How do I go About Buying Recreational Property in British Columbia?
Did you know that the average sale price of recreational land in BC has increased 157% in the last 10 years - while single-family residential properties have appreciated 115% in the same period, according to Landcor Data. Interesting isn't it?l
The average sale prices of waterfront recreational land in BC has increased 237% in that same time period.
Recreational Property in the Okanagan increased over 406%. Don't you wish you'd invested then?
A good place to start is with Maps!
Click on Map of British Columbia
How does one get started and gain the confidence in knowing what to buy and how to research investments? According to Western Investor a good resource is the recently published book by Rudy Nielsen, president of Niho Land and Cattle Company, entitled The Secrets to Investing in Recreation Land...Rudy a legendary recreational land investor has probably owned more raw land then most small countries.
Guts, Motivation and Maps are what he considers the Top 3 Keys! Do the necessary Research!
Check out these Maps and Online aerial photos that provide information about just about any Recreational Land in B.C.!
Pre-emption Map - This is the most important map. It gives you the big picture - Crown vs. private land, roads, railroads, power lines, rivers, creeks, mountains, towns and much much more. If you can't find a pre-emption map......
An easy substitute is...
Online Cadastre - The BC government has an internet-based interactive map site for viewing on your computer as the pre-emption Map .... The only difference is that these maps don't distinguish between Crown and Private Land. Its free and easy to use......
Contour map - This map shows you if the property is hilly, steep or swampy, as well as access trains...they can also be viewed online cadastre by turning on the contour layer.
Plan - If the property has been subdivided you can order a subdivision plan for the property from BC Online or the Land Titles office. This will give you the size and measurements of the property and tell you where the roads are located.
Agricultural Land Reserve Map - contact the ALC for a copy (some are available online). This map will determine if all or part of the property is in the agricultural land reserve, which will have a major baring on what you can do with the property.
Aerial photos or orthophotos - These can be obtained from Land Datas BC, giving you a view of the property from the air. Its also useful for identifying roads, timber and water on the property. Orthophotos can be viewed on onlined cadastre also, just by turning on the 'orthophoto layer'.
Google Earth - Another tool for aerial imaging that is free and easy to use.
Fish Wizard - this free online resource tells you the depth of lakes on or near the property and the type of fish found within it. How interesting is that?
Zoning Map - To find out the zoning and permitted land use of your property, contact the Regional District and request a zoning map.
Now theres a headstart if you're interested in doing your own research!
Then call your local Real Estate Expert!
If you're looking in the Fraser Valley call - Liz Moras with Landmark Realty - if not I can refer you to an expert in your area.
If you or someone you know is thinking of Buying or Selling property in Chilliwack's Garrison Crossing, Cultus Lake, Hope, Abbotsford, Langley or anywhere in the Fraser Valley Area of B.C. - or if you would like more information please give Chilliwack Realtor Liz Moras of Landmark Realty a call at- 604-799-0459 or e-mail at firstname.lastname@example.org.
Copyright © 2011 By Liz Moras, All Rights Reserved. Please do not use without permission. Information provided by this author is only an opinion, it is not guaranteed, may be based on information collected from several sources, and may be time sensitive. It is not necessarily representative of the opinions of Landmark Realty Chwk. Ltd.