Unfinished neighborhoods with vacant lots

[Albert Yamoah]

Currently, I live here in West Dallas (75212) in an unfinished neighborhood of tract homes. I'd like to know a few things about new home construction.

1.) Is it a sound strategy to build tract and/or spec homes for rent in unfinished neighborhoods?

2.) Where can I find the cost of building tract homes? I've found various sites that sell plans for these homes, now I'd like to find out the cost for labor and material to build them.

Thanks in advance for your input; I greatly appreciate it.

AY

[Karen Margrave]

@Albert Yamoah Hattie gave you some good advice on finding out what the market is for the area. There are many subdivisions throughout the country that have unfinished lots from when the market crashed. 

Also, find out if there are any CC&R's on the subdivision. Covenants, Conditions and Restrictions that govern the type of construction, size of houses, etc., as that can affect what you can or cannot do.