According to John Burns research, interest rates have made it just too “expensive,” in general, to own vs rent.According to Redfin, demand for large rental apartments and houses is climbing, one in five millennials who responded to a 2023 housing survey believe they’ll never own a home.

Each week I do a survey of my market it goes up.

My goal is to go through the process by myself from start to end to gain project management/execution experience including but not limited to ordering a survey, working with an architect, permit process, coordinating with contractors/subcontractors on excavation, foundation, framing, roofing, electric, plumbing, etc.

I am in the fortunate position of being a university student developing a project to make available all town GIS databases for CT parcels in the name of advancing surveying and civil engineering.

The main fear is having a Canada revenue agency loss, this can trigger a "Why is your property losing money" survey.

You may be able to backtrack to the engineering firm who handled the survey and approval process, and get some insight there.

Check with your title insurance company to see if a survey will be required prior to being able to obtain title insurance.

*costs I can shop for Total  $2,754  survey fee$550, lenders title insurance$1,429,Title settlement fee $775and some miscellaneous taxes and transfer fees...            

Non owner if the market value you state has comparable sales in past three months you have $56000 available less expenses.Title, settlement, recording -2200appraisal                             - 700rent survey                          - 150loan fees                             -995points depend on what you choose but non owner minimums are about 1.5 - 2%leaves about $47700 cash  without prepaid interest, taxes and insuranceIs that cash amount going to be enough to compensate for a higher interest rate?

The parcel number can be found on the tax bill and in the survey description.