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Updated over 1 year ago on . Most recent reply

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46
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13
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Adrian Wooten
  • New to Real Estate
  • Snellville, GA
13
Votes |
46
Posts

A few questions about duplex new construction.

Adrian Wooten
  • New to Real Estate
  • Snellville, GA
Posted

So after 2 years my quiet title action is complete and I am prepared to build. I have a few questions to ask as far as the steps needed to complete:

Before I begin interviewing builders, is there anything I should be doing on my own first? (surveys/ect)

How am I to estimate build cost to provide that info to lenders? 

Lastly, what are somethings that I should look out for that you didn't know before you started?

Any information provided will be very appreciated.

Most Popular Reply

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156
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77
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Tommy Adeoye
  • Investor
77
Votes |
156
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Tommy Adeoye
  • Investor
Replied

Congratulations on completing your quiet title action and being ready to build! Here are some answers to your questions:

1. Before you begin interviewing builders, there are a few things you can do to prepare:

- Have a clear idea of what you want to build, including the size, layout, and materials you plan to use. This will help you communicate your vision to potential builders and get accurate estimates.

- Get a survey of the land done to ensure that you have accurate property lines and understand any potential limitations or obstacles (such as easements or zoning restrictions) that may affect your building plans.

- Research local building codes and regulations to ensure that your plans comply with all relevant requirements.

2. Estimating the build cost can be tricky, as it will depend on factors such as the size and complexity of the project, the materials used, and the labor costs in your area. One approach is to get multiple quotes from builders and use those to create a budget. You can also consult online resources (such as the Building Cost Estimator from HomeAdvisor) to get a rough idea of average costs in your area. It's important to be as detailed as possible when creating your budget to ensure that you don't run out of funds halfway through the project.

3. Some things to look out for include:

- Hidden costs or unexpected expenses (such as permit fees, utility hookups, or unexpected delays) that can add up quickly.

- The reputation and experience of potential builders - make sure to check references and look at past projects to ensure that the builder has a good track record. 

- Any potential legal issues (such as zoning restrictions or easements) that could affect your building plans.

    Overall, it's important to do your research and plan carefully to ensure a successful build. Good luck with your project!

  1. Tommy Adeoye
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