From what I’ve been told, for someone new to an area to come in and build homes is often prohibitively difficult. Permitting and inspections are often largely about who you know rather than any sort objective measures. Finding reliable contractors who are willing and able to work with someone new is really hard.
That’s not to say it’s impossible. Just something to keep in mind!
I have experience in this area, but all of it is small town single-family or small multi-family...right now I’m just about wrapped up building a duplex on an infill lot. Total around 2000sqft built at $50/sqft. The difficulties described above makes the idea of trying what you talk about kind of scary.
The biggest obstacle for me is probably the cost of living adjustment moving from where we are to there is seem basically insurmountable. I own a nice 10 year old 2400sqft home. I could get maybe $210,000 out of it now and walk away with $100,000. Which doesn’t sound like it’d go far in Somerville.
From what I’ve been told, for someone new to an area to come in and build homes is often prohibitively difficult. Permitting and inspections are often largely about who you know rather than any sort objective measures. Finding reliable contractors who are willing and able to work with someone new is really hard.
That’s not to say it’s impossible. Just something to keep in mind!
I have experience in this area, but all of it is small town single-family or small multi-family...right now I’m just about wrapped up building a duplex on an infill lot. Total around 2000sqft built at $50/sqft. The difficulties described above makes the idea of trying what you talk about kind of scary.
The biggest obstacle for me is probably the cost of living adjustment moving from where we are to there is seem basically insurmountable. I own a nice 10 year old 2400sqft home. I could get maybe $210,000 out of it now and walk away with $100,000. Which doesn’t sound like it’d go far in Somerville.