New construction/tear down nightmare

[Christopher Prince-Barry]

I am almost out of attorney review on my first tear down ground up build in Essex NJ. I’m trying to keep this dream from turning into a nightmare.

What advice do you have?

Where do new construction projects typically stall or go wrong?

What is price per square foot have your projects cost in Northern NJ?

Can you recommend any great quality, efficient decently priced trades/GCs? Especially demo crews.

If it's helpful the estimated ARV is $950k for a new 3900sqft house.

Thanks all. The BP community is the best!!

[George W.]

My advice is to get all of your ducks in a row before you close. Make sure you calculate for permits and site work because that can make a difference of several thousand easily. 

Start meeting contractors now because you wont find good ones overnight. Great contractors are always busy and dont need to start your project tomorrow because they already have work. 

when new construction stalls 8/10 it is money related. 

As per trades you'd be hard presssed to find a great quality, efficient and decently priced contractor. great contractors know their worth and charge accordingly. people often confuse trades as commities. What one company does work wise can be totally different from another. Good and cheap takes longer which cost you alot more time. Fast and good have experienced crews that come with large overhead. Fast and cheap comes with poor workmanship.