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Updated about 7 years ago,
Costs to build townhouse on lot in South Philly
Hello all, new to BP. I’m sitting on some cash, I️m trying to buy a lot and build a townhouse to sell as an investment. I️ want to know about how much the excavation, foundation work, and framing are going to cost, for a 1500-2000sqft home (3 floor townhouse, 4 br, garage). I’m trying to estimate if I️ have enough cash on hand to pay for the preliminary construction that way, and then refinance to finish the construction and sell. Houses are going for 450-510 where I’m trying to do this.
Will a bank refinance a house that’s only halfway finished? How could I️ use Hard Money to help complete this?