Project Planning Consideration

Land & New Construction
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Project Planning Consideration

Linda Murray
Real Estate Broker · Frankfort, KY · Member since 2019 · 150 posts · 44 votes

For investors planning a new construction project, how early do you establish the financing plan?

Do you work through the land purchase, construction budget, timeline, and financing requirements together—or tackle them in stages?

What's the most important financing consideration before breaking ground?

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  • Matthew MorrowBusiness Member
    Investor · PA - NY - NJ · Member since 2019 · 617 posts · 208 votes
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    @Linda Murray We map land, budget, timeline, and financing together before anything's hard. If you stage them, the first three usually blow up the fourth. The biggest thing before breaking ground is whether the takeout or sale still works if costs run and the schedule slips, because both will. Are you building to hold or to sell?

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