Pretty good deal, 275 land, 225 soft costs, 6200 * 130 = 806, 1.3M more or less, easy 500.

Keep in mind the market is hot hot hot right now what will you do when it goes soft???

Hard costs, soft costs, tap fees, actual construction, etc.I am working on a deal right now we are budgeting $175k per ft - from demo/site work to build to landscaping - all tap fees, engineers, architect, etc. this is for an 8 unit town home development reselling around $400k each.I see single family construction a little lower - closer to about $125 a ft all in.

The project budget includes the soft costs of things like surveys, plan check and permit fees, and professional fees for the architect and engineers, and is usually in the 12-18% range.

Partnering with the City using my VA Loan and HUD funds, they will reimburse up to 50% of construction cost (hard and soft).

But the market is still pretty soft in the area, and I need around $165,000 in order to break even (5% commissions, closing and lawyer fees, plus paying off the 1st mortgage).I've tried and failed to refinance the property on multiple occasions, even through the HARP 2 program, but everyone keeps coming back with, "you don't have a 75/25 LTV ratio, so we won't touch it".

The micro market got soft there was a bunch of rental homes owned by the last builder who had to hold in 09... and this spring they put them on the market causing downward pricing.. along with subs and materials creep up led to a break even scenario..

You will have land acquisition costs, hard/soft costs relative to the actual construction/fees.  

If it has been leaking, the floor will often be soft and flex when pressure is applied.That is a good start.

I  found the deal on Zillow, made an offer, and during the negotiations with the bank I soft sold the house on Craigslist and found a buyer.