Which comes first buying the land or making the proforma ?

[LaTara G.]

Hi Bigger Pockets Members,

I have read a few posts, threads, etc. I am trying to get an understanding of the development process for building a duplex, quad etc. I am not sure if I need to concentrate on getting lot/ land first and then starting or if I start making a preliminary budget and analysis before acquiring land. The issue I run into is trying to figure out the costs. I have called around to builders for ranges and cant get ball park prices because they need specifics on land, design and materials. My goal is to build the least expensive possible so I am not picky about the design and materials. ( I would like $60 per square ft or at least in this range)

I have looked online and found a great set of plans with the estimated cost to build in my state at a price I like, but then I wonder if I should hire an architect instead to draft me a plan that would cost what I want to build, do I purchase the study set of the plan I found online and email builders for quotes ? Or do I start with a lumber company for quotes?