Program Details
Turn-Key
The cost-benefit of Turn-Key building is appealing to investors because it is virtually hassle-free while turning the investment with little to no involvement in permitting, restrictions, codes, zoning issues, site analysis and marketing strategy. The other major benefit is the time savings that will reduce your aggregate debt service cost-factor. This could amount to 1 – 3 months of interest payments saved, dedicated time to project, city code awareness and overall knowledge of standard development procedures and tactics of the investor or investment group.
Turn-Key Sequence and Available Options
1. Market Area and Site Analysis
2. Design and Lot Assessment
3. Project Evaluation
4. Land Acquisition—(First Realty)
a. Due Diligence—(Option Period)
i. Survey
ii. Zoning Verification
iii. Soil Analysis
iv. Envelope Building Parameters
5. Structure Design
a. Architectural Prints (engineered or non-engineered)
b. Foundation Prints
c. Full Building Prints
d. Finishes and Fixtures
6. Permitting
a. General Building Permitting
b. Trade permitting
c. All other permitting
7. Loan Programs—(Third Party Lenders)
8. Construction
9. Marketing
a. Renderings
b. Site Signage
c. Brochures
d. MLS Listing
e. Open House
f. Buyer Incentives
Co-op Build
This will be any variation of the above items listed 1-9 that do not encompass all items as a Full Turn-Key Development. This is typically items: 6-9.
Build Only
Construction of dwelling only from blueprints given by investor.