Subdivision Development Costs
I'm trying to tie up a 20'ish acre lot to do divide into a subdivision. It is close to utilities (there is a subdivision adjoining the property). It is within city limits too! I've done research on the steps to subdividing but what appears hard to find is the costs of such a project.
Once I acquire the property I'll have to start from the beginning (platting, surveying, etc.) I have a basic idea on what the local application fees are BUT I have no idea how to assess the costs of roads and pulling in utilities. Any suggestions on how I can derive that prior to getting the land?
The closest to "costs" I've found is someone mentioned that typical development costs are about $30,000/lot. This was from a local realtor.
Also, I'm only going to have around $200,000 operating capital after I close on the property so I'll have to do the 60'ish lot subdivision in phases. Any suggestions on how best to approach this project with so little upfront capital? I'd HATE to get partially completed through a phase and run out of spending cash.