Welcome to part 3 of 3 of my vacant land series posts. I do hope you enjoyed them so far. In case you missed them, I will put a link to the previous 2 at the bottom of this post.
While building a home may seem like an economic alternative to buying a home in the greater Los Angeles area, one need be aware that there are many factors and costs involved with that alternative.
Often, I'm asked about the price range potential builders may face when it comes to building a home on vacant land. Depending on the steepness or grading of the land itself, costs could vary from $250/square foot to $1300/square foot. While this may seem hard to fathom, the finished product will be a lot less expensive than buying an already ready built home, not to mention you would be building something to your own tastes and ideas.
of a good
You will also need to find a reputable Geotechnical Report (a "Geo") as well as a Survey. While these can be costly items, they are a requirement for the proper designing of the home as well for the approval process. The good news is that these costs are spread out over time.
As you get closer to approvals, there are permit costs. Once you are at the point called
What exactly is meant by Hard Costs? are the
As I said earlier, one of the benefits and beauty of this process is that once the home is finished, you can truly say this home was built to your wants, needs and taste.
I hope you enjoyed the land series, and please visit the links here if you've missed the first two.
Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation homes, or luxury beach properties in Southern California, Los Angeles, Century City, Westwood, West Hollywood, Beverly Hills, Marina Del Rey, Venice or Malibu, feel free to contact me at 310.486.1002 ( m) firstname.lastname@example.org or visit one of my websites at https://www.endrebarath.com I contribute a portion of my commission to local animal rescue organizations. Endre Barath, Jr. Realtor at Berkshire Hathaway HomeServices California Properties DRE#01238708