by sbcwebmaster | Aug 21, 2020 | Uncategorized
Soft costs are any costs that are not considered direct construction costs or “hard costs.” These costs typically are associated with non-tangible items, such as design, fees, taxes, and insurance. Soft costs can be a significant part of a project’s budget. Types of...
by sbcwebmaster | Aug 18, 2020 | Uncategorized
Hard costs are often referred to as “brick-and-mortar costs,” and refer to any costs associated with the physical construction of the building or project,Under any equipment used, and any labor associated with the construction of the project. Because hard costs are...
by sbcwebmaster | Aug 6, 2020 | Uncategorized
Capital improvements for multi-family projects preserve and enhance property value. They can reduce attrition, help increase rents and even lower expenses for maintenance, repairs and replacement. The also help properties remain competitive, or in some cases, help...
by sbcwebmaster | Jul 30, 2020 | Uncategorized
There are many costs to consider and incorporate in a real estate project’s budget. In general, there are two main categories of costs to include: hard costs and soft costs. Hard Costs What Are Hard Costs? Hard costs are those kinds of costs which are directly related...
by sbcwebmaster | Jul 21, 2020 | Uncategorized
A real estate “pro forma” is a look into the future for a particular piece of property. Investors use “pro formas” as a tool to make assessments about a project’s anticipated use, its anticipated costs, its anticipated revenues and its anticipated cash flows and...
