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A New Residential Construction Guide

The process that is used in lot entitlements could last for five years or more and is proven a pricey endeavor. The estimated amount in property mapping of five lots of less can reach up to $100,000. If you will go for more than five lots then you might spend $500,000 or more. The determining factors of lot size and the number of lots are as follows: health-department regulations, the zoning and general plan, slope and biology. It is necessary for you to consider the amount you will spend in conducting reports and studies, regulatory fees, processing and other relevant fees.

The reports that are conducted must include the approval costs, anthropology and archeology, soils, noise, biology, traffic, and storm-water treatment. Once the parcel maps are approved you can expect additional that will not just encompasses that following:

– Researches involving greenhouse gas
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– Retention basins that prevents flooding and improves water quality
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– Awareness on environmental mitigation

– Fees that has something to do with school

– Recreational fees

– Details relate to secondary access

Fees related to fire protection services

– Annual bonds that must be paid

Politics is an integral part when getting approval from authorities like city councils, planning commissions, and county boards. The completion of the process is greatly affection by the level of support and opposition obtained. The expenses might be up to a million dollars or more, this could also take place for a span of four months or years. For property owners, it is integral for them to consider three important factors.

1. The entitlement of the property and sale remains the same – this option might bring the lowest price but nevertheless it requires minimal amount of money on your part and the property can be sold in no time. There are also some instances wherein the land is sold at a greater price when it is not entitled.

2. Acquire long – term agreements – This is a type of contract that has something to do with the home builders who will take charge of the property mapping. Most of the time people go for this type of option. The process is quite lengthy, this could last for up to five years. Homeowners are entitled to receive non – refundable cash deposits from their potential buyers if the contingency is already approved. It is only possible to transfer the ownership to the buyers right after the final mapping of the property.

3. The owners of property will carry the responsibly of the entitlement costs – The process is just similar with the second option. The main different is that the owners has the full control of the property mapping and will have to pay all the expenses in the entire process.

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