New build Charleston SC

13 Replies

http://www.youtube.com/watch?v=jVpDZQVsgSE&sns=em

This was a nice semi infill we just built and sold build time start to finish 5 months.. It was our very first foray into the Charleston Market.. Next time up tough we will not do a full wrap porch.. framing in that market is almost double what we pay in ORegon..

this one sold at 292k within 3 days on market. with a 17% net profit end of the day.

We currently have 5 more going and one is the subject of the reality show "southern charm" I will update that one once we see the video from the production company it should be pretty cool.

Very nice Jay!

@Jason Rucker  

  you probably recognize a Portland Foursquare when you see one.. its a Mark Stewart design.

Yep!  I'll post some pics soon.  :-)

Very cool! Thats a long way from home. How did you end up building so far away?

Nice project, Jay.  Nice profit as well!  I posted a comment on Troy's YouTube video as well.  We are re-habbing a house on the South side of Park Circle right now.  I will drive by Wasp St. next week when I am up there.  What else do you have under construction in Charleston?

That's impressive Jay!   Are you using a single contractor or do you have your own crews?

Nice house, good profit. 

How much/sqft cost Jay?

Let's split a few new constructions downtown jay?

@Haardt Moses

  already doing it.. if you caught southern charm on Bravo last night the house that Shep bought is one I built.. it had my GC Troy Ah Yo on the show as well.

@Jay Hinrichs I checked our 46 Aiken.. awesome build! I like that location too. I don't know where your other builds the eastside is my favorite area of charleston.. and you can't forget the west side. All this success remotely! Hats off to you. I am about to get my hands dirty and finally jump into some things downtown. I always like bouncing ideas back and analyzing deals.. would love to get more information out of you.

@Haardt Moses

  thanks we are building on Nunan,, kyle, America and Woodall presently with a few other projects up in park circle NC.

@Jay Hinrichs ... I was reading through some of your posts and you mentioned that some lots aren't good if they aren't cheap enough like they used to be. I live downtown and have live here for 5 years and have seen some very impressive jumps. I remember in 13/14 lots were just 20k downtown on the east side.. Now i feel like I find a lot for 100 thats a good deal.. So my question is, for you new builds what kind of price would be good for a lot in the areas your building? I have never built but I always enjoying considering things and weighing in the possibilities. Also, do you have a link to a full financial breakdown on one of your new builds? thanks

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