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23 January 2025 | 6 replies
I'd talk to your zoning office and see. 3 bed 3.5 bath in 1500 sq ft is pushing it. we build super compact and have a layout thats 3 bed 2.5 bath 1 car attached garage in Columbus Ohio.
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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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20 January 2025 | 4 replies
In this case, Azibo was super strong on bugging me when they first started.
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10 January 2025 | 4 replies
Make sure any lease agreement you use complies with Arizona's landlord-tenant laws, including required disclosures (like bed bug information, for example).If you're unsure, consulting with a local real estate attorney to review the agreement can provide peace of mind and ensure you're fully protected.
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14 February 2025 | 25 replies
No issues and tenants are renewing.That indicates tenants were paying below market rates.If the market rate for a 2-bed/1-bath apartment is $1,000 without utilities included, then he should adjust his rate to $1,100 because it includes $100 in utility cost.
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23 January 2025 | 5 replies
Any experienced flippers or investors opinion's would be greatly appreciated.Scope of Work and Rough BudgetProperty Address: 460 Summit Oaks Dr, Nashville, TN 37221Property Details: 4 Beds, 3/1 Baths, 4004 SqFt, 0.190 AcresPurchase Price: $500,000Target Selling Price: $800,0001.
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28 January 2025 | 14 replies
This would be a 3 bed/2 bath in a good appreciating location.
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25 January 2025 | 2 replies
Houston, TX 77092$405K | 3 Bed / 3 Bath | 3,030 Sq Ft | 14,130 Sq Ft Lot | Built 1952$449K - https://www.redfin.com/TX/Houston/5107-Hialeah-Dr-77092/home/30104865$499K - https://www.redfin.com/TX/Houston/2206-Wakefield-Dr-77018/home/29994506$425K - https://www.redfin.com/TX/Houston/4803-Chantilly-Ln-77092/home/30124010$1.1M - https://www.redfin.com/TX/Houston/1726-Locksford-St-77008/home/30123054PICTURES: https://www.dropbox.com/scl/fo/q6uzdcx60eiqelwt60uh0/APSK8ocLphgyIP8-85EMfQM?
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23 January 2025 | 7 replies
Once you dive in and get the real estate bug, you will never go back!