A new build and a major remodel can have different needs, even on the same street. Start with the lot, the approved use, and the work that must happen before the property is ready.
What should you check before pricing the project?
Confirm the property’s jurisdiction, zoning, permit needs, and site conditions. Do not assume that statewide rules answer every question about a particular lot.
Use Scottsdale Planning and Development to find the city’s planning and permit information. If the property is in another city, check with that city.
What belongs in the budget?
- Acquisition or current land debt.
- Plans, permits, site work, and utilities.
- Labor, materials, contractor costs, and a reserve for changes.
- Financing, insurance, taxes, and selling or refinance costs.
How are construction draws handled?
Construction and rehabilitation draw structure, milestones, inspections, and timing are determined for the specific project and are disclosed in writing. Ask what you must pay before each draw and what could delay its release.
What should you send first?
Share the address, plans and permit status, builder details, work budget, and payoff plan. Scottsdale construction loan sizing, leverage, term, and draw structure are determined after review of the plans, budget, property, and builder experience.
See Scottsdale construction financing or discuss the project with Logan.