It will also allow you to have productive conversations with the seller, developers, architects, builders, etc as you make your way through the process prior to discussing at meetups.

According to architects in the area, the value of the property could be worth $240,000 max.

Actually, this property in particular (and many many others across OKC) are owned by the same gentleman who's son-in-law, a successful architect, has taken over and is going to be putting a lot of money in them over the coming years.

I'm an Architect and I don't think any of us would provide an estimate.

This would help you with design ideas to take to your architect and builder.

@Cintia Chicon An architect might have some home plans that they can sell to you, or they can design a custom house.

Dealing with the architect, hiring the general contractor, budgeting, etc.

I spent all day doing this, and when i showed my parents, they were shocked.Years later, I graduated high school and decided to I wanted to be an architect.

also I presume I will need an architect?

---------------------------------------------------------Land ($18/sq ft): $941,000Construction ($180/sq ft): $1,260,000Engineering/Architect fees: $70,000Legal/CPA/Permits/etc: $40,000Cost of acquiring finishing equipment (security/signage): $30,000Marketing/Insurance/and other misc: $30,000---------------------------------------------------------------Total Project cost: $2,371,000