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Updated about 4 years ago on . Most recent reply

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Brandon Rush
  • Real Estate Agent
7
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13
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Building a 3-family in Boston

Brandon Rush
  • Real Estate Agent
Posted

Hey team,

I've got a 2,400sq/ft buildable lot in Dorchester that I'm looking to build on. I bought this lot with my first property, but the plots have separate addresses and deeds.

My GC mentioned to me that building a 3-family is likely going to be cheaper than buying and renovating one. That, of course, might not be true right with material costs through the roof -but generally!

The major question I have is: Where do I start? 

Do I go to the city first? Go to an architect or an engineers? Am I looking for specific construction financing?

I've thought a lot about buying houses, but never about building one. Any advice for a total newbie would be greatly appreciated!


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863
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Dave Spooner
  • Rental Property Investor
  • Cincinnati, OH
822
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863
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Dave Spooner
  • Rental Property Investor
  • Cincinnati, OH
Replied

@Brandon Rush A generally inexpensive way to go is to purchase some preset plans and to hire an architect to modify them. Your choice of an architect is critical. This is not just a simple contractor hired to do a job and run, they should be an advocate for you during the construction process. They can also help you evaluate a good contractor and will surely be able to help you navigate the local municipal process. I would strongly suggest starting there!

  • Dave Spooner
  • [email protected]
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