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What You Should Know Before Taking a Construction Loan

Construction Marketing

It covers land acquisition costs, building materials, construction permits, labor, contingency and interest reserves, closing costs, and plans. Before approving your loan, the lender must review your projected budget estimates, detailed construction plans, and construction timelines to decide on your loan amount.

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Phases of Commercial Real Estate Development

Construction Marketing

After acquiring the property, the developer must design and plan the project, considering factors such as building codes and zoning regulations, the intended use of the property, and the target market. Developers must understand the various financing options, such as traditional bank loans, private equity, and government programs.

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More House Hunters Are Seeking Out Diverse Neighborhoods

Pro Builder

By including neighborhoods in development planning and blending market-rate homes and affordable units, social considerations are becoming a major aspect of new construction projects, says The Washington Post. Planning + Development. a nonprofit real-estate and land-use research group. In 2019, 11% of all married U.S.

Housing 105
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Built to Rent Is Booming, But Operational Challenges Loom for This Overheated Housing Sector

Pro Builder

Major players, including large private equity firms, investment funds, and public home builders, are all entering the space with lofty goals. But until recently, most investors failed to recognize the legitimacy of another major single-family rental business model: newly built rental homes set within contiguous master planned communities.

Housing 105
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Homebuyers Boost Recovery of Multiple Sectors

Pro Builder

If COVID-19 cases continue to rise in states rolling back their reopening plan, employment and consumer spending abilities will be dampened, according to Realtor.com. If you’ve got a job and feel pretty secure and you see your equity holdings rise in value, you’re probably still feeling pretty good.”. Financial.

NV 98
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Cracking the code of affordable housing

BD+C

million homes that are accessible to low-income renters. Nationwide, 60% of all workers earn less than what’s required to afford a two-bedroom rental home, according to a June report by the National Low Income Housing Coalition, which also cited the shortage of affordable housing.

Housing 104
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6 guideposts for cities to create equitable transit-oriented developments

BD+C

However, there is a purposeful shift under way toward a concept that prioritizes equity at every step of the process to enable inclusive communities around transit stops. Voters approved funding for this program in 2020 with equity as a mandate. For many people, living car-free is not a choice.

Austin 95