Posted: 6/24/2016 8:35:53 PM EDT
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never done anything like this... currently looking at purchasing a piece of land with lots of hardwoods, clearing it and developing subdiv lots. It currently can be accessed only from 1 other subdivision, not a really nice one, compared to other properties.
there is however another very nice very new subdiv that does have a small paved road, called "XXXX Ln" that goes about 40 yards from another road and just deads into a bunch of trees that is the lot I have in question. I have confirmed this lot does have access granted for this XXXX Lane. will have to follow up with title co just to be sure though, when the time comes. besides that, I want to be 100% sure there are no other encumberances that would prohibit me from using said aforementioned lane from being an access road into my subdiv, logging trucks, etc. how do I go about doing this? just check the subdiv plat records at county tax office? anything else obviously need to be able to do this w/o tipping some asshole off who could potentially yank it all out from under me. My wife and I do actually have lunch scheduled with the property realtor an owners to buy them lunch and just ask them some questions on why perchance they are not doing this. (yes there will be an HOA and as sovereign I will rule with an iron fist. nothing like certain brick/materials, roof, color, rulers and grass blade length though) |
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Make sure there are no environmental issues that could derail the project or cost you money/delay the project.
I'm an environmental consultant and have handled environmental issues for a few small developments. That wet spot that you think is no big deal might legally be a wetland or you may have habitat for some endangered species on the property. Most environmental issues can be permitted and the project can go forward but it may take time/money to do so. |
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Quoted:
there is however another very nice very new subdiv that does have a small paved road, called "XXXX Ln" that goes about 40 yards from another road and just deads into a bunch of trees that is the lot I have in question. I have confirmed this lot does have access granted for this XXXX Lane. will have to follow up with title co just to be sure though, when the time comes. Review that easement very carefully. An ingress/egress easement for access to a large parcel doesn't mean it can be used for a subdivision created from that parcel, as that may be considered overburdening the easement. |
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Quoted:
Make sure there are no environmental issues that could derail the project or cost you money/delay the project. I'm an environmental consultant and have handled environmental issues for a few small developments. That wet spot that you think is no big deal might legally be a wetland or you may have habitat for some endangered species on the property. Most environmental issues can be permitted and the project can go forward but it may take time/money to do so. Locally a group put in utilities and street only to find they built on a bombing range. 
" A local realtor and group of investors with a $10 million subdivision development within the site cannot sell lots." "...was used for bombing and gunnery practice between 1942 and 1945. Weapons ranged from the .50 caliber machine gun to 100-pound bombs." Clicky |
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Being someone who engineers subs/condos all day, you have to do your due diligence on the property: topographical, boundary, Alta would be smart, environmental, geotechnical. Review your zoning maps and make sure it fits your needs for the development, ie lot size, setbacks, density, open space to name a few. Your going to need a good lawyer for your handle your easements, CCRs, and other various development needs. You will need to know all utility connections, water, sanitary, storm water and detention requirements. Figure out your review agencies site plan, variance procedures, and engineering requirements.
The above is only a small fraction items to look for and many more items such as drains, wetlands,poor soils, and endangered species, blanket easements, traffic issues and local road commission can be part of this too. Obviously you know this is going to be expensive depending on the size and how my lots you are planning to build. Also I would not buy a piece of property without doing some sort due diligence and would have a due diligence period to walk away if I was developing property should you find an issue with the site. |
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Talking with a local engineering/surveying/development company would be a good start. You can check out the maps of various new subdivisions that are submitted to the county and see who did them. This. It sounds like the first step is to figure out if you can successfully build a development on this plot especially if you are counting on the money from development. You need to know what it is going to cost to develop before you commit. I see it all the time....someone pays $200,000 cash for land with no due diligence.....and then they have trouble getting a development loan because of environmental, logistical, or other feasibility issues. |
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Quoted:
Being someone who engineers subs/condos all day, you have to do your due diligence on the property: topographical, boundary, Alta would be smart, environmental, geotechnical. Review your zoning maps and make sure it fits your needs for the development, ie lot size, setbacks, density, open space to name a few. Your going to need a good lawyer for your handle your easements, CCRs, and other various development needs. You will need to know all utility connections, water, sanitary, storm water and detention requirements. Figure out your review agencies site plan, variance procedures, and engineering requirements. The above is only a small fraction items to look for and many more items such as drains, wetlands,poor soils, and endangered species, blanket easements, traffic issues and local road commission can be part of this too. Obviously you know this is going to be expensive depending on the size and how my lots you are planning to build. Also I would not buy a place of property without doing some sort due diligence and would have a due diligence period to walk away if I was developing property should you find an issue with the site. Listen to this guy....And don't select the lowest cost engineer/consultant. You get what you pay for. |
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Listen to this guy....And don't select the lowest cost engineer/consultant. You get what you pay for. Quoted:
Quoted:
Being someone who engineers subs/condos all day, you have to do your due diligence on the property: topographical, boundary, Alta would be smart, environmental, geotechnical. Review your zoning maps and make sure it fits your needs for the development, ie lot size, setbacks, density, open space to name a few. Your going to need a good lawyer for your handle your easements, CCRs, and other various development needs. You will need to know all utility connections, water, sanitary, storm water and detention requirements. Figure out your review agencies site plan, variance procedures, and engineering requirements. The above is only a small fraction items to look for and many more items such as drains, wetlands,poor soils, and endangered species, blanket easements, traffic issues and local road commission can be part of this too. Obviously you know this is going to be expensive depending on the size and how my lots you are planning to build. Also I would not buy a place of property without doing some sort due diligence and would have a due diligence period to walk away if I was developing property should you find an issue with the site. Listen to this guy....And don't select the lowest cost engineer/consultant. You get what you pay for. Listen to this guy,^^^^^^^ |