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Updated almost 3 years ago on . Most recent reply

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Adrian Wooten
  • New to Real Estate
  • Snellville, GA
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Questions about new construction.

Adrian Wooten
  • New to Real Estate
  • Snellville, GA
Posted

Hello,

I am currently working on my first new construction project and I have some questions about the process.  I'm currently in the beginning  phase (surveys,site plan,ect) so I wanted to ask at what point do i find out what the value after build is?

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied
Quote from @Adrian Wooten:

Hello,

I am currently working on my first new construction project and I have some questions about the process.  I'm currently in the beginning  phase (surveys,site plan,ect) so I wanted to ask at what point do i find out what the value after build is?


 you should have that information BEFORE you start building. What if you end up spending $500,000 and the house is worth $300,000?  How did you select the finishes to match a budget ?

  • Chris Seveney
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7e investments
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