New to site (for the most part) Does anyone know of a calculator for purchase of vacant lot and building new (2 spec homes in good mkt) ? Could use some direction ...quickly Thx
@J Michael Fimbres ..for you or client? Are they building using cash or going to get financing, because that's going to affect your numbers. It shouldn't be that difficult to figure out the numbers for land purchase + construction. You need to know purchase price, + soft costs of construction + hard costs of construction. Usually you need to get a full bid breakdown from a GC for the hard costs. Soft costs are going to consist of architect, engineering, permits, and/or anything else that's not involved in the actual vertical GC budget. I'm assuming these are in the SD market. Pm if you need to.
Thx Jared, it's for a client. He's an experianced developer so he knows his costs pretty well. I am just looking for a simple calculator that I could plug in basic costs like Loan amt (whether Hard, private, or seller financing, or a combo) basic building costs, holding costs etc. and ARV numbers. I'm suprised I can't find one, they have one for almost any other scenario. Any ideas? thx