New to Development (Seattle DADU)
Hi all!
I'm totally new to the real estate development side of things. One of my goals this year is finding a detached ADU project in Seattle (you can condo DADU's and sell them separately from the main house w/ Seattle's zoning). I'm still in the context exploration phase right now, but I've already offered on a few properties. What are some of the gotchas I should think through with real estate development? Separately, what are some good books, online resources, or people to follow?
After successfully getting through this DADU project, I'm thinking of trying a 6-8 unit Townhome type project. What are some of the additional problems that arise when you do development at scale?
Thanks!
- HouseHack Seattle
- 206-746-8067
- [email protected]
Hey Eric,
I've got a couple great websites for this stuff check out these links:
Seattle GIS - will show you topo and any ECA concerns
Permit timelines are what's going to slow you down the most. LR permits can take a while depending on any site complications. We're seeing most builders offering 10-12 month closes on their offers so they can get permits lined up.
Hope that helps and best of luck!
-
Broker Washington (#108050)
- Podcast Guest on Show Seeing Greene: Paying Off Rentals, Partnerships Splits, & Using Home Equity
Quote from @James Dainard:
Hey Eric,
I've got a couple great websites for this stuff check out these links:
Seattle GIS - will show you topo and any ECA concerns
Permit timelines are what's going to slow you down the most. LR permits can take a while depending on any site complications. We're seeing most builders offering 10-12 month closes on their offers so they can get permits lined up.
Hope that helps and best of luck!
Awesome, thank you for the info! Really helpful while getting started :)
- HouseHack Seattle
- 206-746-8067
- [email protected]