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Updated 1 day ago, 11/21/2024

User Stats

16
Posts
7
Votes
Algerson Andre
  • Investor
  • Chicago, IL
7
Votes |
16
Posts

Starting the New Construction Investment Home Process

Algerson Andre
  • Investor
  • Chicago, IL
Posted

Hello Everyone - I own property in Buffalo,NY that sits on a big lot that has the potential to serve as ground for a New construction duplex to be built. Since I already own the land and would be interested in building on it, what’s the first step to see if this is even possible?  I imagine there may be steps to take with the city upfront to determine if in fact the ground on the lot can be built on, but some general guidance or tips on best place to start and what to expect throughout the new construction process in Buffalo. Thank you!


AAA

User Stats

807
Posts
476
Votes
Bryant Brislin
Pro Member
#3 Land & New Construction Contributor
  • Developer
  • Irvine, CA
476
Votes |
807
Posts
Bryant Brislin
Pro Member
#3 Land & New Construction Contributor
  • Developer
  • Irvine, CA
Replied

Hello, you can do some research with the city's planning department as far as their development standards for that zoning, i.e. set-backs, height, lot coverage, etc. You can try to research to make sure the utilities are there for sewer, water, electric, etc.  But when you are really ready to get going, you would engage a civil engineer and/or an architec, and eventually a general contractor/builder.

  • Bryant Brislin
  • User Stats

    118
    Posts
    87
    Votes
    Timothy Smith
    • Investor
    • Buffalo, NY
    87
    Votes |
    118
    Posts
    Timothy Smith
    • Investor
    • Buffalo, NY
    Replied

    Hi @Algerson Andre. I'm also in Buffalo and have a couple properties that used to have additional structures on them. I've casually investigated this before, but haven't spent to much time on it. When I had a secondary structure demolished a few years ago, I did discover the lot was zoned that I could rebuild another multi-family building on the lot if I wanted to. Contact the zoning office and start there, then discuss with an architect -- I have a few I could recommend. The cost of construction as opposed to buying another rehab property most likely makes this unfeasible, but it's worth digging deeper. 

    I'm going to follow this thread as it's something that has been on my mind for a while. 

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    User Stats

    626
    Posts
    450
    Votes
    Jared W Smith
    Professional Services
    Pro Member
    • Architect
    • Westchester County, NY
    450
    Votes |
    626
    Posts
    Jared W Smith
    Professional Services
    Pro Member
    • Architect
    • Westchester County, NY
    Replied

    Gaining an understanding of the Zoning is vital to what can be built and essentially dictate how profitable the land can be. As others have said, you can do the digging yourself with the municipality or hire an Architect to do this due diligence and provide a zoning and property analysis report bringing all the info together for you. I would advise for the latter. We as Architects do this regularly. If you are unfamiliar, you may overlook or not understand certain points. You don't know what you don't know. All the best  

    • Jared W Smith

    User Stats

    3,184
    Posts
    1,571
    Votes
    Robert Ellis
    Agent
    • Developer
    • Columbus, OH
    1,571
    Votes |
    3,184
    Posts
    Robert Ellis
    Agent
    • Developer
    • Columbus, OH
    Replied
    Quote from @Algerson Andre:

    Hello Everyone - I own property in Buffalo,NY that sits on a big lot that has the potential to serve as ground for a New construction duplex to be built. Since I already own the land and would be interested in building on it, what’s the first step to see if this is even possible?  I imagine there may be steps to take with the city upfront to determine if in fact the ground on the lot can be built on, but some general guidance or tips on best place to start and what to expect throughout the new construction process in Buffalo. Thank you!


    AAA


     is there debt on the existing property? you need to talk to your bank and lender about a lot split. I've seen this done and sold as well while there was loan. it's a partial release and two new legal descriptions. let me know if I can help in any way 

    • Robert Ellis

    User Stats

    2,294
    Posts
    2,282
    Votes
    Matthew Irish-Jones
    Property Manager
    Agent
    • Real Estate Agent
    • Buffalo, NY
    2,282
    Votes |
    2,294
    Posts
    Matthew Irish-Jones
    Property Manager
    Agent
    • Real Estate Agent
    • Buffalo, NY
    Replied
    Quote from @Algerson Andre:

    Hello Everyone - I own property in Buffalo,NY that sits on a big lot that has the potential to serve as ground for a New construction duplex to be built. Since I already own the land and would be interested in building on it, what’s the first step to see if this is even possible?  I imagine there may be steps to take with the city upfront to determine if in fact the ground on the lot can be built on, but some general guidance or tips on best place to start and what to expect throughout the new construction process in Buffalo. Thank you!


    AAA


     The first step like others have mentioned is the zoning board and an architect.  Normally, unless there are specific building code restrictions, the amount of units allowed on a lot is determined by the Floor Area Ratio.  Basically the building size is limited by the lot size. 

    • Matthew Irish-Jones
    business profile image
    Irish Jones Realty
    4.8 stars
    43 Reviews