Does anyone deal with Multi family new construction?
Dear community members,
Someone is engaged in
Multi family new construction?
I am in the initial planning stages of a four-story building, 16 units in Kansas City MO. There is a zoning, there was a successful meeting in the municipality regarding parking spaces and low income units.
It's a good area that has a place to grow, I'm there in a number of successful projects.
I need your help to calculate construction costs (construction costs have increased very much in recent months as most of you know) I work on ARV and take out COMPS from a number of factors
If you can help me, I'd be happy
Thanks in advance
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- Lior Azoulay
- I was asking hands from several developers and taking the average
- What is the mix of units?
- Multi's construction is a very complex thing, because it's commerce and there are very strict rules.
According to the concept you raised, I see 4 residential floors, then on the pillars will be 4 wooden floors (the maximum height to a tree)?
As soon as there are plans should see their specifications and then see proposals of contractors as per specifications. Step plans are very critical especially if this is low income.
It is very difficult to compare costs until you see plans. Just an example: will there be only electricity or will gas also. If you go for electricity only, then gas infrastructure should not be moved at all. The advantage is the cost of construction, the disadvantage that tenants will receive huge electricity bills. In very cold areas, heating and cooling systems are very expensive to operate…
Even if you decide to add gas, do you run a line per unit with a separate clock, or run one line that branches out per unit with a private clock ... It is difficult to check costs until you see plans. A good architect who knows the segment well is supposed to be the key man. It is very important to close all the details before construction begins.
Check that they have done one phase and survay, otherwise the bank will not provide financing.
If you need more information please feel free to contact me in details - Well done for new construction!
Well done for new construction!
Multi's construction is a very complex thing, because it's commerce and there are very strict rules.
According to the concept you raised, I see 4 residential floors, then on the pillars will be 4 wooden floors (the maximum height to a tree)?
As soon as there are plans should see their specifications and then see proposals of contractors as per specifications. Step plans are very critical especially if this is low income.
It is very difficult to compare costs until you see plans. Just an example: will there be only electricity or will gas also. If you go for electricity only, then gas infrastructure should not be moved at all. The advantage is the cost of construction, the disadvantage that tenants will receive huge electricity bills. In very cold areas, heating and cooling systems are very expensive to operate…
Even if you decide to add gas, do you run a line per unit with a separate clock, or run one line that branches out per unit with a private clock ... It is difficult to check costs until you see plans. A good architect who knows the segment well is supposed to be the key man. It is very important to close all the details before construction begins.
Check that they have done one phase and survay, otherwise the bank will not provide financing.
If you need more information please feel free to contact me in details
What is the mix of units?
I was asking hands from several developers and taking the average
Lior Azoulay
Lior Azoulay