Land Due Diligence: Difference between revisions
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=Due Diligence= | =Due Diligence= | ||
#For the OSE case of spec build, assess feasibility of inspection schedule (guarantee of inspection within 24 hours), and ideally existence of 1 inspection only at the rough-in phase. There may be a separate foundation and final inspection. But the concept is: if we have a swarm building one house, ideally inspection is next day or same day as completion of work. | #For the OSE case of spec build, assess feasibility of inspection schedule (guarantee of inspection within 24 hours), and ideally existence of 1 inspection only at the rough-in phase. There may be a separate foundation and final inspection. But the concept is: if we have a swarm building one house, ideally inspection is next day or same day as completion of work. | ||
#What is the cost of houses sold recently on the same block or in the neighborhood of the house lot? | |||
#Was there a prior building on the lot? | |||
#Soil test - is the soil undisturbed, or must it be compacted for a slab? | |||
==Site Visit or Remote if Possible== | ==Site Visit or Remote if Possible== | ||
#Is there another building within 10 feet and must we get an engineer's soil stabilization report? | #Is there another building within 10 feet and must we get an engineer's soil stabilization report? | ||
#Are corner pins visible, or must a new survey be made? | #Are corner pins visible, or must a new survey be made? | ||
Revision as of 22:38, 3 May 2022
Methodology
There are many questions to ask to determine if a plot of land is suitable for building. How to discover all these questions across the globe? These are some actions when discovering the methodology for OSE. The OSE case is a generalized case, starting with its immediate rollout and sequencing: USA then the rest of the world.
- Search: 'How to perform Land Due Diligence' and refactor for the OSE case. Publish on the wiki or on Google Slides.
- Search various inspection documents on the web, such as 'is there a separate inspection for insulation prior to all sheathing?' which gets this [1] as result 1.
Due Diligence
- For the OSE case of spec build, assess feasibility of inspection schedule (guarantee of inspection within 24 hours), and ideally existence of 1 inspection only at the rough-in phase. There may be a separate foundation and final inspection. But the concept is: if we have a swarm building one house, ideally inspection is next day or same day as completion of work.
- What is the cost of houses sold recently on the same block or in the neighborhood of the house lot?
- Was there a prior building on the lot?
- Soil test - is the soil undisturbed, or must it be compacted for a slab?
Site Visit or Remote if Possible
- Is there another building within 10 feet and must we get an engineer's soil stabilization report?
- Are corner pins visible, or must a new survey be made?