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Updated almost 6 years ago, 01/26/2019

User Stats

13
Posts
6
Votes
Steven Nitschke
6
Votes |
13
Posts

2 family development Milwaukee Wi

Steven Nitschke
Posted

Last year I developed a couple of side by side condos, and sold them without much trouble at all. These condos were 1400sq ft with 2 car garages and basements. 2bed 2bath. Building cost was roughly 110/sqft with a general contractor @ 4%. Lots were 35k/per

I have just recently bought a few more 2 fam lots nearby in a popular neighborhood in slinger wi, these lots were 79k/per. I’m looking to do the general contracting myself on these next ones since i have recently gotten my license saving me that 4%, also was thinking about not including basements on these next to save some $ on the building cost (realizing there is a retail loss in this) i think i can make up for that retail loss with the location being in a prime area in a great school district.

Basically I’m asking for any advice before i start on some good ideas on saving some $ to get that $/ft down even farther without making them look “cheap”, or really any advice at all I’m willing to listen and take the opportunity for some criticism before i get to far into it. Thanks guys!!

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