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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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Gen Z May Surpass Millennials in the Homeownership Race—Here’s Why

Pro Builder

While a survey by Gen Z Planet Research reveals that just 63% of Millennials plan to become homeowners in the future, 87% of Gen Z expressed a desire to own a home, and 68% consider homeownership as a way to build personal wealth, according to National Mortgage News. The next generation has the opposite view.

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Building A Home On A Budget – 4 Tips To Suggest For Potential Buyers

Pro Builder

Even if a prospective homeowner has purchased the land and set things up with you or your company, such that there's a gradual payment schedule, there's a difference between planning and paying. A loan can sound like little more than a way to delay payments, and many might associate property-related loans with losses of home equity.

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Dreams, goals, transitions: How can we get to the future?

Construction Marketing Ideas

They can be orderly with a set deadline (marriage after engagement or planned retirement), or – most intriguingly to me, they can be predicted with some reliability but without absolute certainty. The business, for example, should have no debt other than current trade obligations (more than offset by current receivables).

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Commercial Property Execs’ Mood Brightens, Yet Outlook Clouded by Economic, Fiscal Uncertainties, Interest Rate Risks

Buisness Facilities Contributed Content

debt challenges) and interest rate risks, according to The Real Estate’s Roundtable’s Q1 2013 Sentiment Survey. pension and 401(k) plans. credit rating. Whereas the “Overall Index” hit a high mark of 77 during the first half of 2011, it now stands at 69 (up from 65 in Q4 2012).

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Business Report: Garden State Growth Zones Aim to Lift New Jersey’s Cities

Buisness Facilities Contributed Content

The company’s plans call for the creation of 35 new jobs to support its significant growth over the past few years. The ERG program is an incentive for developers and businesses to address revenue gaps in development projects, defined as having insufficient revenues to support the project debt service under a standard financing scenario.

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