Humber Real Estate - Course 2, Module 6, Understanding Residential Construction - Structural Components Graded A

Humber Real Estate - Course 2, Module 6, Understanding Residential Construction - Structural Components Graded A Define 'Frontage' 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' The distance between the front and the rear lot lines. Define 'Lot Width' The distance between the two side lot lines. Define 'Lot Size' 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? That which is within the setbacks from the lot lines. List and define the most common lot shapes. - 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? - 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? No. They are only obligated to provide what they already have. Can you use a previous listing of a property to confirm lot size? No, never. A percentage is a portion or a part of the whole. Every percentage consists of what 3 components? - 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? 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? 5050.125 square feet Typically what measurement is the first identified in any listing or advertising of a property? The frontage What are common formulas used to convert lot measurements from Imperial to Metric? - 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) What are common formulas used to convert lot measurements from Metric to Imperial? What factors can influence land use and structure placement? - Zoning - Topography - Site plan control - Soil conditions - Water tables and flooding - Lot size - Services