Humber Real Estate - Course 2, Module 6, Understanding Residential Construction - Structural Components questions and answers graded A+

Define 'Frontage' - Answer-The side of the street that abuts or borders a public street or highway - except for waterfront properties which is considered the side that border the body of water. Define 'Lot Depth' - Answer-The distance between the front and the rear lot lines. Define 'Lot Width' - Answer-The distance between the two side lot lines. Define 'Lot Size' - Answer-The overall area of the lot. It can be stated in either square feet, square meters, hectares or acres. What is the 'Buildable Area' of a property? - Answer-That which is within the setbacks from the lot lines. List and define the most common lot shapes. - Answer-- Rectangular lot (most common for residential, frontage is less than the depth) - Square lot (often found in rural areas where overall lot size is larger) - Wide-shallow lot (reduced depth and ample frontage; not common in residential) - Pie-shaped (relatively smaller frontage when compared to the larger read yard area of the lot, with lots of backyard space. Typically found on a cul-de-sac and a garage is often a focal point of the front, so better for privacy.) Reverse pie shape - Wide frontage with smaller backyard. Front appearance of this property needs to be a priority for the buyer.- Corner lot (located at the intersection of 2 roads, additional size and deeper setback requirements on the one side of the property that abuts the road) What are some other major residential lot considerations to be aware of? - Answer-- Additional costs (i.e. an irregular-shaped lot can impact where buildings can be placed, and extending services such as cable deeper into the house can cost more) - Property direction (view / exposure direction of sunlight) - Property features and topography (trees, hilly terrain, a stream) - Surrounding property uses (proximity to nearby nuisances such as an airport) Is a seller obligated to provide a new survey to a seller? - Answer-No. They are only obligated to provide what they already have. Can you use a previous listing of a property to confirm lot size? - Answer-No, never. A percentage is a portion or a part of the whole. Every percentage consists of what 3 components? - Answer-- Whole (the larger number expressed) - Part (the smaller number expressed) - Rate/Ratio (the smaller number's percentage of the whole) which can be expressed as a decimal or a percentage How can you express 50 feet, 3 inches as a decimal? - Answer-3/12 = 0.25 + 50 ft. = 50.25 ft Remember: There are 12 inches in a foot. So 3 is the part, and 12 is the whole. If a lot measures 50.25 ft x 100.5 ft., what is the area of the lot in square feet? - Answer-5050.125 square feetTypically what measurement is the first identified in any listing or advertising of a property? - AnswerThe frontage What are common formulas used to convert lot measurements from Imperial to Metric? - Answer-- Feet / Inches to meters: Multiply the imperial unit (e.g. 8.5 feet) by 0.3048 for the metric conversion (e.g. 2.59 meters) - Square feet to square meters: Multiply the imperial unit (e.g. 790 square feet) by 0.0929 for the metric conversion (e.g. 73.39 square meters) - Acres to hectares: Multiply the imperial unit (e.g. 8 acres) by 0.4047 for the metric conversion (3.24 hectares) - Meters to feet: Multiply the metric unit (e.g. 5 meters) by 3.281 for the Imperial conversion (e.g. 16.41 feet) - Square meters to square feet: Multiply the metric unit (e.g. 70 square meters) by 10.76 for the imperial conversion (e.g 753.2 square feet) Hectares to acres: Multiply the metric unit (e.g. 8 hectares) by 2.471 for the imperial conversion (19.77 acres) - Answer-What are common formulas used to convert lot measurements from Metric to Imperial? What factors can influence land use and structure placement? - Answer-- Zoning - Topography - Site plan control - Soil conditions - Water tables and flooding - Lot size - Services available