Minimizing Risk Before Purchasing for a Spec Build
Here's a question for you guys:
What are ways that you gain reasonable assurance that you'll be able to build on a plot of land before purchasing the land?
I'm looking at several properties, some of which are bare land, others of which have a single house on a larger plot that I'd like to subdivide and build on the new plot.
Because development will be contingent on multiple permits and/or subdivisions being approved by the local jurisdiction, how can you make sure you don't buy the land and then end up with land you can't build on?