Real Estate Investor · Prince Geroge's County, MD · Member since 2012 · 392 posts · 104 votes
I understand it varies but if you have a .5-1 acre infill lot what would be your average lot prep expenses? How much would you add for not being level or if treed lot? Thanks!
Developer · Austin, TX · Member since 2010 · 371 posts · 284 votes
11y
The basic list you need to be concerned with is as follows:
1) Full survey (tree, topo, title)
2) Soil test
3) Tree removal if necessary
4) Utility hook ups - varies greatly by municipality, you will need water, waste water, telco and electric.
5) Check for utility easements. These can kill a project and in many cases explain why an infill lot isn't being developed
6) Check CC&Rs to ensure that the neighborhood plan doesn't have any restrictions that apply to your project
7) Check the Plat to ensure there are not special restrictions listed on it - These can be a gotcha as they aren't in the CC&Rs, but may still be enforceable
Now you are ready to design which sets up a new list
1) Foundation design - hire an engineer, soils and slope will impact the cost
2) Retaining walls if you have a slope
3) Water retention or drainage - If the lot is large enough you may need a water management plan on how to handle storm drain flow, check with your municipality
I may have left something out, and I am always learning, but this is my basic list.