How To - New Construction - Find The Right Land - Noah Ostroff

Finding the right land for a new construction project is where it all starts. Sitting down with one of the most impressive developers in the city has allowed and inside look at explaining why vision is so important. Understanding what can be built on the land is crucial in determining the end value and best and highest use. If there is a lot purchased in an area where 3 story residential properties sell for $400,000 but only a 2 story can be built on it, you can't assume there is an exit of $400,000 as the potential sale number. Being aware of zoning and what can be done with the land is very important.