Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Land & New Construction
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

25
Posts
2
Votes
John Grinston
2
Votes |
25
Posts

I Would like information about cost of new construction.

John Grinston
Posted

Im looking into building a multiunit in my area.I would like to know what a good price to expect per square footage for a simple build.

  • John Grinston
  • Most Popular Reply

    User Stats

    2,714
    Posts
    2,246
    Votes
    Patti Robertson
    • Property Manager
    • Virginia Beach, VA
    2,246
    Votes |
    2,714
    Posts
    Patti Robertson
    • Property Manager
    • Virginia Beach, VA
    Replied

    Hi there.  I'm also in Hampton Roads and an investor.  I hate to be discouraging, but I'm not sure this will be as easy as you think. Norfolk is strict on zoning so first you will have to find a lot in a neighborhood that will allow for your multi.  I've been working on one myself and we had a lot in a neighborhood that allows multis and is really deep.  The city said my lot isn't wide enough for what they will allow, although it is wide enough for a single family.  We got luck and the house next door went up for sale, so we bought it.  A lot of ducks need to be in a row to accomplish your goal.  I'm not saying it's not possible, but am just suggesting you also look for buildings that are already build that you can buy. Not only will your numbers look better, it will be much easier to achieve.

    • Patti Robertson
    • 7574722547

    Loading replies...