Exactly what are you looking for with new construction

[Derek T.]

I have a pretty solid foundation with rehabs as well as how to research plats, home owner records and lien records but no experience with new construction. If I am evaluating land/lots for new construction what is the ideal scenario.........I guess what I am asking is I understand how to evaluate and do my due diligence with rehabs, but am a bit lost with land/lots. This is what I have gathered so far in regards to single house land/lot development......

-Check with the city to see what the property is zoned for and check buildable space. Also check for set backs, landscaping, curb, utility issues and any other requirements for building with the city. Also check all permitting fees.

-Research utilities and see if the power, water and sewage hook ups are close by and what the cost would be. I would avoid well and septic properties so don't worry about those hopefully.

-Check HOA codes if it is in a HOA development.

-Check flood, wetland, toxic waste and endangered issues. What other easement issues could be a problem (land lock but what else)?

**Ideally if I can find a tear down that has the proper existing setbacks, foundation and utility hook ups than that would be ideal to save from a lot of these pre-construction costs.

Is this pretty much on the right page in doing due diligence for development and how do the more experienced developers evaluate lots/land when it comes to wetland, toxic waste, endangered species or other issues? The first 3 seem pretty straight forward......that last one seems to be a burden. What are possible "out of the norm" requirements that could prohibit development and how does someone research every possible scenario (rain run off, endangered species, toxic waste, special requirements that make it not buildable, land lock, wetlands, etc.) quickly and inexpensively?