Land & New Construction
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago on . Most recent reply

New Construction in Royal Oak MI
Hey everybody, Ive got a question about a deal I'm looking at in Royal Oak MI (48067 / 48073)...
Here are some of the specifics...
This would be a tear down/ re build deal. ARV is about 500k given a 2500 sqft new construction house.
I have heard that new build costs are about 100/sqft, is that accurate for this area? I have experience doing rehabs, but this would be my first new construction. If i could acquire the property for about 90k would this be a good deal? How long does it typically take to build a new construction in Royal Oak? I could take an educated guess at how long it would be once we were able to break ground, but i have heard that it could be up to 2 or 3 months before that could even happen... is that right? Anyone have any idea what the process is like to build a new construction in Royal Oak?
Sorry for the long winded question... anyone's thoughts on the matter would be greatly appreciated!!
thanks!
Most Popular Reply

Hi Austin,
Did you complete the new construction? I just started investing and I am in the royal oak area as well. I would love connect and meet.
--
Thanks
Vikrant