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In short, this is a study to understand and analyze the costs, practicality, and proposal of can you build on the land. This is usually measured in a time vs money ratio of understanding.
Every piece of land is different and to “know” if you can build on it, there are steps within a feasibility study that must be understood first, before knowing if you can build on it. We can help you answer this question by assisting you with understanding your feasibility study.
“Average” is relative to the county in which you are attempting to build as costs are drastically different from one region to another. It is best to consult with a local feasibility expert or industry professional like us to understand what averages are in your area of interest.
Most of the land listings out there will come with a statement that says, “buyer to verify”. This means it is ultimately up to you, as the buyer, to understand what utilities are on site, and what utilities will need to be brought-on to make your land buildable. While it is always best to hire a feasibility expert, you can reach out to the local municipalities such as the water purveyor, electrical and sewer companies to see if they are on the lot or at the road.
Undoubtedly, if your lot is not “flat” when the excavation cut is made (the dig out for your foundation) you will most likely incur additional costs from your builder. These costs include extra foundation, framing materials, siding materials, paint, and additional excavation time and materials for backfill. Understanding this expectation at the beginning of the process is important!
A site plan is a scaled and detailed drawing that shows proposed improvements on a lot. This is also furthered by adding local and jurisdictional setbacks, easements, access points, contours, Utilities, and a building footprint (to name a few). A site plan can either be drafted by the client or a professional in the architectural and planning industry.