New construction builders - what are you looking for in a lot?

New construction builders - what are you looking for in a lot?

Flipper/Rehabber · San Antonio · Member since 2019 · 36 posts · 22 votes

I've just recently started dealing with selling lots, but most of my experience is in selling houses for flips or BRRR. When I market a lot or set of lots to builders, what information can I have ready for you to make your decision process easier? Of course I will have zoning information ready, but what about pricing info for houses that are built on similarly sized lots in the area? Just want to gauge how much time and research to put into this.

Thanks

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Seth TeelPro Member
Investor · San Antonio, TX · Member since 2012 · 596 posts · 587 votes
7y

These are are the items I ask for:

  • Zoning Designation from CoSA (not BCAD)
    • Including overlays, conservation districts, and/or historic districts
  • Are utilities present?  If so, which ones?
  • Lot size in acres & sqft
  • Previous use and/or types of structures previously on the lot
  • Is there a Phase 1 environmental  (if applicable)
  • Any deed restrictions and/or HOA covenants
  • Setback requirements (if you can get them from the City) - this is more icing on the cake.
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  • Seth TeelPro Member
    Investor · San Antonio, TX · Member since 2012 · 596 posts · 587 votes
    7y

    These are are the items I ask for:

    • Zoning Designation from CoSA (not BCAD)
      • Including overlays, conservation districts, and/or historic districts
    • Are utilities present?  If so, which ones?
    • Lot size in acres & sqft
    • Previous use and/or types of structures previously on the lot
    • Is there a Phase 1 environmental  (if applicable)
    • Any deed restrictions and/or HOA covenants
    • Setback requirements (if you can get them from the City) - this is more icing on the cake.
  • Seth TeelPro Member
    Investor · San Antonio, TX · Member since 2012 · 596 posts · 587 votes
    7y

    @Hans Schmitt

    BTW, I am actively looking for lots to develop or redevelop.  Please send me anything you get.  DM so we can connect. Thanks!

  • Austin, TX · Member since 2016 · 10 posts · 14 votes
    7y

    For me, most of the things needed to check viability of a lot at a certain price can be found online.

    What usually helps more than the rest and not so easily accessible are a Survey, easements info and any Deed restrictions (depending on the area).

    Obviously if you want to do more marketing, you can take a stab on checking what can be build, build cost and exit ARV; but I would like to think that most of builders prefer to do it themselves.

    By the way, just send me any lots info you may have coming to you ;)

  • Flipper/Rehabber · San Antonio · Member since 2019 · 36 posts · 22 votes
    7y

    @Seth Teel Thanks for the detailed list, this is exactly what I was looking for.

  • Specialist · San Antonio, TX · Member since 2015 · 909 posts · 297 votes
    7y

    and once again @Seth Teel hits it on the head.. lol also in case there is no utilities check with companies to see where the mains, pipes, lines, etc. run in conjunction to the property as we have had neighbor crossing issues in the past

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