Our ARV came out lower than I had hopped- actually it came out exactly where I had ran my numbers at, but with unexpected permitting requirements and increased material costs the project was about $70,000 over budget for the rehab.

The reality is that imposing expensive and time-consuming sprinkler installation requirements will drive property owners to either scale back necessary renovations or avoid permits altogether.Currently, when owners propose substantial renovations, they are often informed that their projects will require sprinkler systems, which can cost around $45,000 for a typical three-decker.

.🔹 Step 2: Get Your PermitsNobody likes dealing with permits, but skipping them can mean big fines and major delays.

They bought the land in cash and are getting cash back at closing to use as additional funds towards their next construction draw phase.Budget Considerations:With your $200-220K budget in mind, costs can add up quickly, especially for utilities, permitting, and impact fees.

same with us, we study infill every day though through case examples. the best part about infill is no risk. buying lots like what builders are doing even national builders still are shifting the risk to local land developers. my recommendation is to look at permitted uses, price per acre, etc. if you want lower risk buy a larger tract of land from a large developer out of a 100+ acre development to lower the risk. if you are doing it from scratch work with a group who's doing subdivisions. you can go and read the subdivision plats in your recorders office online every county has one. in columbus where I do the majority of our development we are specifically starting to target zones where the economics are also favorable.

We will have ample networking time, and a short presentation from someone from the permitting department in Pender County.

Raise fees on building permits, give tax credits on renovations.Suburban sprawl really hasn't been a good thing for the US.Of course, it's all about supply & demand.But, if you can figure out why more people want to live in Hazel Park (leading to teardowns & rebuilds) versus south Warren or Eastpointe (nothing happening) then you can make millions.

They provide recent permit history, assessor info, and more.

At the same time, I’ve been seeing a lot of distressed properties sitting because owners don’t want to deal with the process—permits, contractors, tenants, refis, all that.

I expect to receive the building permit within the next few weeks.