In a previous post, we discussed how all of the conceptual floor plans were around 4,500 SF, which greatly exceeded our initial financial model which was based upon 3,200 SF of heated space. We had made some changes to various room sizes and layouts and had sent the architect back to clean up the drawings […]
First Big Problem
When we received the conceptual design layouts, we knew we had a problem. They were all 4,500 SF or greater. If you remember from a previous post, our initial financial model had us developing a 3,200 SF home at $200.00/SF. The smallest conceptual design was 1,300 SF greater than our model. At $200.00/SF, […]
Design Meeting Agenda
We actually had our design kick-off meeting at the site. We wanted to combine the kick-off meeting with a joint meeting with our contractor to “site” the house or decide where on the lot the house would be placed. It is important to do this right the first time so you don’t run […]
Real Estate Development Tasks
Once we received our commitment letter from the bank, we had three major tasks to accomplish. We ran these tasks in parallel. They were:
Choosing our architect
Choosing our contractor
Picking our building lot
This post addresses how we chose our architect. Investigating all the architects currently working in the lake development we had targeted revealed […]
