What is the cost of new construction if the units for a triplex or quadraplex — 2 bed/ 2 bath with 1 car garage consisting of 1,000 sq ft with standard builder fixtures and appliances?
@Laura Lewis in my market a general WAG # we use is $100 PSF for remodels, $250 for New Construction. I work for a Single Family home builder in Pinellas County outside of Tampa
@Lynsey Dreis $250 PSF holy moly. So for 1,000 SQFT it's a quarter of a million?
It's worth noting that Pinellas Co. has similar costs as Orlando metro but might be a bit higher exclusively due to Gulf Coast Pinellas Co. being more hurricane prone than further inland Orange Co. That variable is outside the area of my expertise.
@Cristian Aviles-Morales it is probably also worth mentioning that number will probably increase in the near future. It is common that all trades are charging more at least in South Florida due to the market doing so well. The amount of developments are skyrocketing in the Tampa and surrounding area which causes smaller trades to want to go after the bigger projects and not the 1000 SF small remodels and single family construction. It is crazy and it will probably get crazier.
Thanks. That is very helpful. I think I will have this potential opportunity pass.