I bought the property, but these friggin construction costs

[Nick Adams]

My wife and I own a medspa. We are also minor RE investors. The two have converged. We were looking for 3 years and finally found a commercial property that would serve as our new location, but the RE investor in me requires that it be able to stand on its own two feet feet from a RE perspective. However, the cost of construction is double where it was 2-3 years ago when we started looking at properties.

It’s important that the company it’s not looted to justify owning the building. We bought the building right, the company is successful, but the $800k buildout now looks like $1.5M.

Any suggestions would be welcome.