When buying in urban neighbourhoods, take the time to do some research about the parking being offered with any specific property. Sometimes parking spots will be in the front of the house – essentially on the front lawn. Some are legal and some are not. In some situations, these parking spots have been used for years without anyone complaining, but are not legal spots. All it would take is for one person to complain and suddenly you no longer have a place for your car. Not only is this a huge inconvenience, it has a significant impact on the value of the property. You can expect that sometimes parking will be quirky when buying in an older neighbourhood – there can be shared driveways, right-of-ways, etc. It’s important to make sure that what is being offered for sale is as it appears and this is something you want to do before firming up any purchase.

Posted by Tracy Martin in Blog, Buying & Selling, Buying a Home, General.

Tags: parking