Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago on . Most recent reply

User Stats

36
Posts
13
Votes
Emanuel Eyssallenne
  • New to Real Estate
  • Greensboro, NC
13
Votes |
36
Posts

Using General Contractor to walk property before purchase?

Emanuel Eyssallenne
  • New to Real Estate
  • Greensboro, NC
Posted

Hello,

What would you do if you were considering purchasing an acre of land in Browns Summit, North Carolina to have a new construction Duplex built? You have never been to the area, but have done some research and connected with a couple agents. The GC you are speaking with gave their website and phone number at the Triad REIA and that is how you found them. The GC asked for some info about the land and how close the telephone pole is located to the property.

The listing agent shared that there are no deed restrictions recorded on the register of deeds and no Septic records on the GIS. The listing agent said a duplex is permitted and the seller had a perc test at some point but does not have the records.  The suggestion was made for you to apply for a perc test with the county ($125.00). She did not have any information regarding the telephone pole.

Would you consider paying the GC to walk the property even though you have not made any offers on the property?  

How would you go about this?

Thank you 

Most Popular Reply

User Stats

147
Posts
125
Votes
Sue Hough
  • Developer
  • Chicago IL
125
Votes |
147
Posts
Sue Hough
  • Developer
  • Chicago IL
Replied

@Emanuel Eyssallenne hello and good morning!  I understand you are new (from your tagline) to real estate.  I would like to point out some construction "facts" which may help you moving forward;

1. You may need to partner with a GC to build your duplex as most lenders will not consider you for the project due to lack of new construction experience.

2.  There are a multitude of variables which play into the development process well before construction even begins.  Here are the key items you need to address before the land is purchased;

  • You will need PERC testing to determine if the land/soil can support septic and absorb water.
  • You will, most likely, need an environmental survey.  Which tests the soil for toxicity and to determine the land is free from toxins, old oil tanks and anything which may be harmful in the land.
  • You will also need soil borings to determine if the land can support a structure
  • Check with the Fire department to determine if they require any access roads and the weight it needs to support
  • Utility and water access and installation
  • You may need a plat of survey and topographical survey - this is likely

Consulting with the local building department to determine what items are required is the best approach.

Good luck!!

Loading replies...