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Updated 6 months ago, 06/07/2024

User Stats

1
Posts
1
Votes
Amir Castillo
1
Votes |
1
Posts

New Construction Duplex Development

Amir Castillo
Posted

Hello everyone, 

As last resort I am reaching out to the bigger pockets forum. There isn't much information / YouTube videos on new construction duplex developments. The goal is to build & sell, but worst case scenario maintain the property for a couple of years if it doesn't sell. I have attached a spreadsheet I've created on the following cost of developing a duplex. Currently seeing what has sold in my market, checking rent comps then working the number backwards.Professional input would be appreciated. (Linked for free use as well) Thank you in advance. https://www.icloud.com/numbers/001gDqWRq6WawXhBzkGU0fOpg#Dup...

20%-15% land accusation

50% construction 

25%-30% sweat equity

- Permits 

What is the laundry list of permits needed to to get started with a new construction duplex? 

Architect & Engineering plans 

Rendering 

Surgery 1 & 2 

County permits 

Municipality Utilities District cost

These are the permits I am aware of, but I know there has to be more permits I could be missing. 

Cost Tracker

Lot Purchase Price 20% - 15%

Architect & Engineering Plans

Rendering

Survey 1 (Stake Corners & Elevation Cert)

Surveyor (Final Elevation Cert & Final Survey)

County Permit

Municipality Utilities District

Portable Toilet

Foundation

Silt Fence

Site Work (tree removal / 8in Dirt Scrape)

Concrete Slab

Framing

Lumber

Engineering Wood Products (Trusses)

Accessories & Lumber

Framing Labor $2.5 per sqft

Plumbing

Plumbing Turnkey

Sinks

Toilets

Faucets & Shower Trim

Electrical

Electrical

HVAC

Hvac

Interior

Windows & Material

Back Door

Front Door

Siding, Sheathing & Cornice Material

Siding, Cornice, Doors, Window Labor

Roof

Roof Deck Material

Roof Deck Labor

Standing Seam Metal Roof (optional)

Insulation

Insulation

Drywall

Drywall

Firewall

Hang, Tape, Float & Texture Labor

Drywall Touch Up Labor

Paint

Exterior Paint

Interior Paint

Extra Cost (Caulk & Paint Upgrade)

Carpentry

Door Handles

Cabinets

Interior Doors

Baseboards & Shelving (closets, utilities & Pantry)

Carpentry Labor

Counter Tops

Counter Tops

Mirrors

Mirrors

Garage

Garage Door & Opener

Driveway

Driveway

Flat Work (AC Pad, Walkways, Steps, Backyard Steps)

Tiling

Tile Material

Tile Labor

LVP

LVP Material

LVP Labor

Railing

Railing

Landscaping

Landscape Final grade

SOD

Flower Bed

Dumpster

Dumpster

Appliancese

Dish Washer

Stove

Microwave

Misc

Mail Box

Final Cleaning

House Plan Prints

Water & Electric During build

Refunds / Deposits

Refundable Deposit

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