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Updated over 1 year ago,

User Stats

137
Posts
93
Votes
Wendell Butler
Pro Member
  • Lender
  • Charlotte, NC
93
Votes |
137
Posts

Cost to Build in Worcester, MA Currently?

Wendell Butler
Pro Member
  • Lender
  • Charlotte, NC
Posted

Hello!

I am currently in the process of subdividing some land I have to build to rent a 2-4 unit in Worcester, MA on it. How much is the cost to build currently in Worcester, MA on average?

Also I am a newbie at this, but how much is a normal down payment for construction loan usually? Are there any creative ways to make it less of a down payment, such as get good quotes where the appraisal is much higher, which lowers the down payment if the bank lends based on the appraisal costs? Can you technically BRRRR a build to rent?

I appreciate all insight!

  • Wendell Butler
  • Loading replies...