All Forum Posts by: Dwayne Bailey

I'm not looking to be a professional land developer after posting a question in a forum. Just tips and any worthy advice someone might throw my way.

Hello, I have a question on land development in Virginia. Personally, I already build 4-6 houses per year through my company. However lots are becoming more and more scarce. Especially affordable lots. Everyone wants top dollar lately (I know why). I plan to start buying large tracts of land to develop into a subdivision. I'd say enough that'll accommodate at least 15 homes to be built, so about 60 acres. I know about zoning and to check with the county before I purchase. However I'm looking to learn the pitfalls of trying to develop land, to build homes. Also ballpark amounts of money I'll spend before I even break ground for the first basement. Like civil engineering costs, county bond costs (let's say for 60 acres), impact fees, and any other costs associated with land development. Also, since I started searching, I see some listing agents say, "preliminary site plan already approved." What's a preliminary site plan and where does that fall in the permit process for developing land? Also how do proffers make deals more difficult? Thanks in advance. 

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Hey Matthew, Stafford is definitely doing big things. Hard to find good deals these days. I'm thinking about checking out Richmond in the future.

Hello BP! I've breezed through the BP forums a few times and you guys share some great information. It's good to hear from like minded people. So I finally joined the site to contribute any helpful information I can and soak up any information that is put out. Looking forward to hearing some good info.