Development cost resources?
Hi Everyone -
I am one year into my life as a real estate investor, and am hoping I can get some resources on cost estimates on new-structure development.
A little background. An off market parcel fell into my lap and I'm trying to run some back of the envelope numbers on a teardown and new-structure development in Snohomish county (its in a downtown area).
Its a 7,500 sq ft lot with a SFH on it (structure is worthless and should be torn down). My intent is to tear down the structure and build a 3-4 unit MF structure in its place.
I've confirmed the land is zoned appropriately to do this, but just need to find some data on construction/development costs so I can run the numbers to see if they work for my goals. Is there a resource online to do this? Or, what does the market typically charge per sq-ft in your expense?
I'm also looking for developer references to get rough estimates/vendor selection should I obtain the property.
Thanks!