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Updated almost 11 years ago on . Most recent reply

User Stats

332
Posts
74
Votes
Pavel Sakurets
  • Investor
  • Minneapolis, MN
74
Votes |
332
Posts

Who developed land in North Central region, what is more profitable, do lots for sfh or town homes

Pavel Sakurets
  • Investor
  • Minneapolis, MN
Posted

If anyone developed the land, what is more profitable to develop land for town houses or single family homes? What are the typical fees, legal fees, excavation fees, sewer and water, installing roads in the development, etc? What is the typical cost for lot development for SFH vs town houses?

I have 7.5 acre parcel that I'm looking to develop and potentially could add another 15 acres, and not sure what I should develop the lots for: single families, I can put 12 lots or do down homes instead.  If I do town homes can probably build 30-40 town homes on 7.5 acre lot

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