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Updated over 3 years ago on . Most recent reply

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Nick Harz
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Subdivide land in Richmond VA

Nick Harz
Posted

I found a good two and a half acres land in Richmond that is R3C zoned. I would like to subdivide it to smaller lots and construct new homes for selling and for me to rent out as well. I am an investor in real estate but have not done new construction before. I wanted to hear from this community what things to consider.

1) Can R3C zoning be subdivided?

2) I read that if I subdivide a land to more than 4, then it has to be a subdivision. What are the cons for that?

3) Should I partner with a developer or builder?

4) What due diligence can I do before buying the land?

5) Which home builders are appropriate for a project like this?

6) What else to consider?

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