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I’m building a duplex in suburb of Charlotte NC. Lot was $44k. Contractor fee of $40k. Planned construction cost was $326k. So all in planned cost of $$410k.
Construction cost per sf of $114. $128 with GC. $144 with land.
Accruals are coming in well below budget. I’m all on on new development vs purchasing right now in my market.
What’s your plans.
Did you finance or put cash for the construction. How did you go about financing? Did you work with city planners?