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28 January 2025 | 10 replies
Quote from @Devin James: Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball build larger homes. average new build in our market is 2200 square feet, 4 beds, 3 baths, 2 car garage and sells for 515k. construction costs lower if design is good and find the median or average home sale price and push that up. my guess is you built too small. 347k is cheap. we target 429-479k price range in columbus ohio for single family homes and also only purchase close to urban core where premiums are 20% higher and we build smaller like 1500 sq ft where price per square foot goes up.
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4 February 2025 | 13 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
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31 January 2025 | 9 replies
Put simply, a well-designed mobile app has far higher user engagement than a web only service/site.
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19 January 2025 | 47 replies
Obviously, the two questions that need to be answered are 1- Is the OP designing a solution for which there is no problem?
20 January 2025 | 6 replies
I know REIGuard is easy and designed for investors.
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21 January 2025 | 1 reply
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
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28 January 2025 | 19 replies
Now she's starting her own Interior Design business and has become entrepreneurial.
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14 January 2025 | 11 replies
@Kana Watanabe I have seen @Christopher J Driscoll Designs for his ADU and they are amazing, He has gone through the process of speaking with a lot of GC's in the area so hes a great resource for all of the above.
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7 January 2025 | 11 replies
Remember, REI is a marathon, not a sprint.
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30 January 2025 | 8 replies
But I also like DIY design and drafting so YMMV.