Subdividing Land to Build/Sell?

[Wendell Butler]

Hello!

I acquired a multifamily property that I rehabbed and I am now house hacking. It is on a double lot and now I am in the process of subdividing the lot to be able to build another duplex right next to my current duplex. Does anyone have experience doing something like this? What is the timeline/cost of everything from surveying/planning/permits/hearings etc.? I live in Worcester, MA so it may be more expensive than other places, but I just want an idea if anyone has experience.

Also if anyone has experience with construction loans as well I would love to hear about that! I currently am using a VA loan for my property I live at, but I am looking to possibly refinance into a conventional loan, then use a VA construction loan to build the home next door and move into it.

Thank you!