Here's what homeowners usually want to know about splitting a lot, developing their property, and what it means for their taxes, timeline, and budget.
There will never be any cost to you. Now-Haus and their partners will cover all costs and manage the entire process for you from start to finish. You simply sit back and wait to collect a check when the project is complete.
The typical project timeline is 15 months from start to finish. This includes all steps necessary to split the lot, secure required permits, and complete construction of the new unit.
SB-9 requires that the new lot be at least 40% of the original lot. Ideally, the new lot would be a minimum of 3,000 square feet, but it could be smaller depending on the specifics of the property.
Your property tax responsibility will reduce based on the percentage of land value that you're selling in the lot split.