[quote=sdduuuude]
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Also, It is important to know if the lot is a “developed” lot or not. A good indicator of a developed lot is the presence of a water meter.
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Thinking about building a house in terms of the cost of the structure itself is very dangerous and will put you in a bad spot if you buy a lot only to find out you have to spend $300,000 that you didn’t expect because you
multiplied $250 by the square footage, decide you could afford that, then clicked the “buy now” button.
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For a developed lot, add $300,000 for design, engineering, infrastructure (utilities to the house, grading), permitting, landscaping
For an undeveloped lot, add another $100K.
For a lot in the coastal commission, I’m not sure how much to add but I’d guess $50,000 to $100,000, and a year or two to the permitting process.[/quote]
