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Updated almost 10 years ago on . Most recent reply

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Derek T.
  • Real Estate Investor
  • Prince Geroge's County, MD
104
Votes |
390
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Average Lot Finishing Costs?

Derek T.
  • Real Estate Investor
  • Prince Geroge's County, MD
Posted

I understand it varies but if you have a .5-1 acre infill lot what would be your average lot prep expenses?  How much would you add for not being level or if treed lot?  Thanks! 

Most Popular Reply

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John Blackman
  • Developer
  • Austin, TX
284
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371
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John Blackman
  • Developer
  • Austin, TX
Replied

The basic list you need to be concerned with is as follows:

1) Full survey (tree, topo, title)

2) Soil test

3) Tree removal if necessary

4) Utility hook ups - varies greatly by municipality, you will need water, waste water, telco and electric.

5) Check for utility easements.  These can kill a project and in many cases explain why an infill lot isn't being developed

6) Check CC&Rs to ensure that the neighborhood plan doesn't have any restrictions that apply to your project

7) Check the Plat to ensure there are not special restrictions listed on it - These can be a gotcha as they aren't in the CC&Rs, but may still be enforceable

Now you are ready to design which sets up a new list

1) Foundation design - hire an engineer, soils and slope will impact the cost

2) Retaining walls if you have a slope

3) Water retention or drainage - If the lot is large enough you may need a water management plan on how to handle storm drain flow, check with your municipality

I may have left something out, and I am always learning, but this is my basic list.

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