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Land & New Construction

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Eric Yu
Pro Member
  • Real Estate Agent
  • Seattle, WA
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New to Development (Seattle DADU)

Eric Yu
Pro Member
  • Real Estate Agent
  • Seattle, WA
Posted Jul 27 2022, 23:20

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!

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James Dainard
  • Real Estate Broker
  • Bellevue, WA
1,893
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James Dainard
  • Real Estate Broker
  • Bellevue, WA
Replied Aug 11 2022, 11:12

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

Seattle Sewer 

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!

User Stats

243
Posts
245
Votes
Eric Yu
Pro Member
  • Real Estate Agent
  • Seattle, WA
245
Votes |
243
Posts
Eric Yu
Pro Member
  • Real Estate Agent
  • Seattle, WA
Replied Aug 13 2022, 11:19
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

Seattle Sewer 

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 :) 

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