Do you building a duplex (2 condos) is a good first development project? I think smalller condos will cost similar to build as a single family home. The lower cost of the condos may go quicker, however do you think it is too complex for a first timer? I know there will need to be a trust established and things like that. Thanks
Do you building a duplex (2 condos) is a good first development project? I think smalller condos will cost similar to build as a single family home. The lower cost of the condos may go quicker, however do you think it is too complex for a first timer? I know there will need to be a trust established and things like that. Thanks
Depends. Are you a builder? If you aren't then find one who does those projects. They will guide you. When I build for others, I take the land from woods to the finished project. Your builder may or may not do the same. Just have to contact them to ask. If the builder is giving the full service then no the project is not too complex.
Now if you are an owner builder, it can be done. Depends on how organized you are and how willing you are to deal with the municipalities, sub contractors, material suppliers and mistakes that will inevitably occur. Some can be expensive mistakes, some cheap.
@Bob Ross If you are hiring a builder, it shouldn't be too complicated, just something that you haven't done before. The City interactions, engineer, architect, will all be new to you, but the builder and architect can guide you. It is all valuable experience, especially if you plan to do this again.
Our first two builds the builder handled everything. Now we build ourselves and we handle everything.