Approving a Building Site

[Chris Puglisi]

Hey BiggerPockets, 

I have been a member for about 6 months but this is my first post.  I am looking to make my first purchase.  I found some raw land that I am very interested in.  My question is approximately if I was to buy the land, what are the cost associated with getting the lot approved for building?  My plan is to keep the land and develop it for myself but as a backup plan, I would like to know how much it would cost to get it approved and then sell it as an approved lot and hopefully make some money or at least break even.  I know there is a process to get it approved but just curious of the costs of that and also any costs that one might not think of but can add up.  

Again because I am new to real estate any information is helpful.  And the property I am looking at is in CT so anyone in CT that could weigh in that would be great.  

Thank you in advanced! 

Chris  

[Lynn Currie]

@Chris Puglisi I misread your original post and thought you were wanting to subdivide. Usually getting approval to build is a much simpler, and less expensive process. Each municipality is different, but likely your biggest cost will be the utilities if they aren't already on the land.

@Keith Bloemendaal I hope you enjoy the videos. Not all of the videos are posted on YouTube because I'm experimenting with a couple of different hosting platforms. I might end up putting them all there eventually, but for now the best place to see them all is at the link in my signature.