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11 February 2025 | 14 replies
It is in a perfect location (off the square) in a very popular tourist town outside Austin, Texas.
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27 January 2025 | 6 replies
.: I just hired an architect to design and plans submit for ADU in my 8 multi unit to use the tuck under parking.Some people say do not try to be the general contractor as it will take way more time, costly mistakes and will be nearly impossible to manage with current work. best to hire a company that will do it all and cost about $250 per square foot.
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18 February 2025 | 1 reply
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $850,000
Cash invested: $500,000
Sale price: $2,250,000
Purchased , knocked down, built new from ground up
...
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9 February 2025 | 15 replies
That’s how much my guy charged my in 2023 for about the same thing. 6 foot fence 110 feet @James Landsford From what I listed above, does that number sound reasonable to you?
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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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30 January 2025 | 10 replies
Figuring out the true cost will heavily depend on the type of dig down, depth, and total square footage.
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18 February 2025 | 13 replies
I thought my 140k rehab funds were plenty, but I found out the hard way that it would really take $50-$60 per square foot for the interior.
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17 February 2025 | 69 replies
DR Horton in our market built 2000 sq ft homes in rural areas and smaller homes at 1500 and the only ones they made money on were 1500. they sold the ones above 2000 sq ft at losses or break even close to $150 per square foot.
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3 February 2025 | 14 replies
However, you must have reasonable limits and hold to them.I give a great example in my book where a tenant abandoned a 2,000-square-foot home full of nice furniture, expensive jewelry, a brand-new $2,000 rifle still in the box, etc.
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21 January 2025 | 1 reply
The median home sold price reached $582,329, reflecting a 9.7% increase from the previous year, with a median price per square foot of $325.