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What to Consider For New Residential Construction Lot entitlement is something that one should take seriously since this can cost them a fortune at the same time a very lengthy procedure. The estimated amount in property mapping of five lots of less can reach up to $100,000. The estimated cost of those that exceed five lots is $500,000 or more. There are factors that determine the number of lots and the lot size; this includes slope, zoning and general plan, health-department regulations and biology. It is also a must for you to include the fees in processing, regulatory fees, different reports and studies conducted and other relevant fees. It is imperative on your part to make sure that the content of the reports conducted include storm-water treatment, approval costs, anthropology and archeology, noise, traffic, soils, and biology. If the parcel maps are already approved then you can expect additional payments that are not just restricted to the following: – Studies related to potential emission of greenhouse gasses
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– Drainage basis which regulates stormwater runoff
The Best Advice on Options I’ve found
– Be certain whether the area is a mitigation land – Fees that has something to do with school – Charge for recreational activities – Information pertaining to physical secondary access -Fire protection services fees – Annual bonds that must be paid Compliance of requirements and approval of people from planning commissions, city councils, and county boards has something to do with political relations. The entire process will rely on the opposition and support that one is able to obtain. It is possible to do this one for four months or even for years that might cost you an estimated amount of million dollars. If you own a property there are three things that you must consider. 1. Property is sold without changing the entitlement – This kind of option will not require to you to shell out significant amount of money and this could be sold for a shorter duration but you can’t expect to obtain greater amount of money once the property is sold. For some instances, the land is sold at a higher price there is no entitlement done. 2. Go for long- term contracts – This is a type of contract made by home builders who will be the one to process property mapping. This is the most sought after option made by everybody. It is already expected for the who process to last for five years or more. Once the contingencies are approved the probable buyers is oblige to give non – refundable cash deposits periodically to the seller. 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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