Parking Considerations
Parking at your Home
So you’ve found the perfect home (almost) and you are ready to make an offer but just one problem-parking. Either it does not have enough space or you have to park 2 or more cars in line. This usually is a sticking point and should be top of mind for most buyers. The question is, what can be done to make it suit your needs? Can you add a space to the property and if so, how difficult is it really?
I know from experience, I need two spaces side by side for myself and my spouse. I’ve lived in the past with a long narrow driveway and I absolutely hated going out in the early morning to jockey the cars around just so I could go about my day. So now I know I require for my own sanity a double wide drive.
Why Parking Should Be a Top Consideration
1. Convenience and Day-to-Day Life
Parking is more than just a place to leave your car; it's about convenience. If you live in a busy urban area or a neighbourhood with limited parking options, finding a spot on the street can be a hassle. On the other hand, a dedicated parking space—whether a garage, driveway, or reserved spot—can make daily life much easier. If you have multiple vehicles or frequent guests, ample parking becomes even more valuable. Condos often only provide one spot and deals are made with other residents to rent their unused space when you require more. I caution against this unless you are really stuck, because at anytime this deal can be rescinded. Be careful when purchasing a property with a handshake parking deal on the side.
2. Potential Costs and Hassles
In most areas, street parking is limited, regulated, or subject to fines. Having to park your car far from your home, especially in the winter or during bad weather, can quickly become a burden. In contrast, a property with sufficient parking minimizes these concerns, saving you time and frustration. Additionally, avoid the risk of costly fines for parking violations or the inconvenience of constantly moving your car for street cleaning or snow removal. How often do you entertain? Do your guests have reliable space to park when visiting your home?
3. Resale Value
Parking can significantly affect a home’s resale value. Homes with garages or ample off-street parking are often more desirable to potential buyers. If you’re in a neighbourhood where parking is scarce, having your own parking space can be a major selling point. Prospective buyers will appreciate the convenience and may be willing to pay a premium for it.
4. Future Growth and Lifestyle Changes
As your family grows or your lifestyle changes, you may need additional parking. This is especially important if you’re considering a property with limited space but expect more vehicles or visitors in the future. Thinking ahead about your parking needs ensures that the home will continue to meet your needs as life evolves.
Adding additional Space.
This is a viable consideration, but adding space in the front yard requires more than clearing the grass and putting down some gravel. You will require a permit. That I can guarantee. the city takes into account ground water runoff and curb cutouts along with other factors. I would review these steps before committing to purchasing a home.
Steps to Create a Front Yard Parking Space:
Review Zoning Regulations: Familiarize yourself with the City's zoning by-laws related to driveway dimensions and front yard parking.
Apply for an Access Permit: Submit an application to widen your driveway or construct a new parking area. The application will require details about the proposed work, and there may be associated fees.
Consult City Services: Contact the City's Planning or Transportation departments to discuss your plans. They can provide guidance on design standards, potential impacts, and any additional approvals you might need.
Hire a Professional: Consider engaging a contractor familiar with local regulations to design and execute the driveway expansion. They can help ensure that the project meets all necessary standards and streamline the approval process.
In conclusion, parking is an important consideration that can directly impact your day-to-day life, your finances, and the future value of your home. When searching for your next property, make sure to evaluate parking options carefully to ensure you’re making a practical and informed investment.