Numbers & Deals · Arthur the Developer
5 Real Estate Development Mistakes That Kill Your Profit Margin
The five budgeting and comping mistakes we see kill margin on new construction deals, and the checks we run instead.
What we cover
- Running comps apples to apples, not optimistically
- Why last project's budget is not this project's budget
- Bidding each trade at least three times to lock the number
- Catching the full hard cost, soft cost, and holding cost picture
- Building a real contingency into every underwrite
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