{"product_id":"condo-development-startup-costs","title":"Condo Development Startup Costs: $2408M Cash Need Before Sales","description":"\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"line_top\"\u003e\u003c\/div\u003e\n\u003cp\u003eYou’re funding land, pre-development work, construction, sales launch, and carry long before buyers close This 60-month condo development budget uses researched planning assumptions of \u003cstrong\u003e$735M\u003c\/strong\u003e in land purchases, \u003cstrong\u003e$2750M\u003c\/strong\u003e in construction budgets, \u003cstrong\u003e$200k\u003c\/strong\u003e in company startup CAPEX, and a peak cash need of \u003cstrong\u003e$2408M\u003c\/strong\u003e in Month 30 These figures are planning inputs, not vendor quotes, appraisals, lender terms, or construction bids\u003c\/p\u003e\n\n\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\" id=\"main_article_image\"\u003e\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\n\n\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eEstimate Startup Costs with Calculator\u003c\/span\u003e\u003c\/h2\u003e\nHTML error: Overflow\u003cbr\u003e\u003cdiv class=\"container_new_design_blog\"\u003e\n\n\u003cdiv class=\"text-section_blog text-2_new_design_blog\"\u003e\n\n\u003cdiv class=\"line_top_blog\"\u003e\u003cbr\u003e\u003c\/div\u003e\n\n\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eWhere does CAPEX planning show up in Condo Development?\u003c\/span\u003e\u003c\/h3\u003e\n\n\u003cp\u003eCAPEX tab shows startup costs, land draws, timing, and depreciation. Open the \u003ca href=\"\/products\/condo-development-financial-model\"\u003eCondo Development Financial Model Template\u003c\/a\u003e to validate.\u003c\/p\u003e\n\n\u003ch4\u003eKey validation checks\u003c\/h4\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e$735M land draw\u003c\/li\u003e\n\u003cli\u003e$2,750M construction budget\u003c\/li\u003e\n\u003cli\u003e$200k startup CAPEX\u003c\/li\u003e\n\u003cli\u003e$26k monthly overhead\u003c\/li\u003e\n\u003cli\u003e$2,408M peak cash\u003c\/li\u003e\n\u003cli\u003eMonth 31 breakeven\u003c\/li\u003e\n\u003cli\u003eMonth 44 payback\u003c\/li\u003e\n\u003c\/ul\u003e\n\n\u003c\/div\u003e\n\n\u003cdiv class=\"image-section_blog image-2_new_design_blog\"\u003e\n\n\u003cdiv class=\"preview-card\" data-preview-src=\"\/cdn\/shop\/files\/condo-development-financial-model-corp-capex-financialmodelslab_30959ee0-8cb1-4cc4-960e-a55a975f3277.webp\"\u003e\n\u003cimg class=\"preview-img\" width=\"100%\" height=\"auto\" src=\"\/cdn\/shop\/files\/condo-development-financial-model-corp-capex-financialmodelslab_30959ee0-8cb1-4cc4-960e-a55a975f3277.webp?width=500\" alt=\"Condo Development Financial Model capex inputs tab showing project capital expenditure categories and timelines, letting users customize land, construction, financing and contingency assumptions for funding plans and scenario testing\"\u003e\n\u003cdiv class=\"preview-overlay\"\u003e\n\u003cbutton class=\"preview-btn\" type=\"button\" style=\"align-items: center; vertical-align: middle; display: inline-flex; justify-content: center; gap: 6px; line-height: 1;\"\u003e\nPREVIEW \u003csvg fill=\"#fff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\" role=\"presentation\" viewbox=\"0 0 448 512\" width=\"14\"\u003e\u003cpath d=\"M416 176V86.63L246.6 256L416 425.4V336c0-8.844 7.156-16 16-16s16 7.156 16 16v128c0 8.844-7.156 16-16 16h-128c-8.844 0-16-7.156-16-16s7.156-16 16-16h89.38L224 278.6L54.63 448H144C152.8 448 160 455.2 160 464S152.8 480 144 480h-128C7.156 480 0 472.8 0 464v-128C0 327.2 7.156 320 16 320S32 327.2 32 336v89.38L201.4 256L32 86.63V176C32 184.8 24.84 192 16 192S0 184.8 0 176v-128C0 39.16 7.156 32 16 32h128C152.8 32 160 39.16 160 48S152.8 64 144 64H54.63L224 233.4L393.4 64H304C295.2 64 288 56.84 288 48S295.2 32 304 32h128C440.8 32 448 39.16 448 48v128C448 184.8 440.8 192 432 192S416 184.8 416 176z\"\u003e\u003c\/path\u003e\u003c\/svg\u003e\n\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eWhat hidden condo development costs are often missed?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003eHidden condo development costs are mostly the soft costs outside \u003cstrong\u003ehard construction CAPEX\u003c\/strong\u003e: due diligence, surveys, title work, zoning review, environmental and traffic studies, legal docs, permit revisions, municipal review cycles, insurance, loan fees, and selling costs. In \u003cstrong\u003eCondo Development\u003c\/strong\u003e, the fixed drag is already \u003cstrong\u003e$26k\/month\u003c\/strong\u003e of overhead plus a \u003cstrong\u003e$4k\/month\u003c\/strong\u003e legal and accounting retainer, so every delay adds \u003cstrong\u003e$30k\/month\u003c\/strong\u003e before a single unit closes. Sales commissions starting at \u003cstrong\u003e60%\u003c\/strong\u003e and a sales office, model unit, marketing, and brokerage use can push working capital needs up fast. For owner economics, see \u003ca href=\"\/blogs\/how-much-makes\/condo-development\"\u003eHow Much Does The Owner Of Condo Development Usually Make?\u003c\/a\u003e\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eSoft cost stack\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eDue diligence\u003c\/strong\u003e and \u003cstrong\u003esurveys\u003c\/strong\u003e come first.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eTitle\u003c\/strong\u003e work and \u003cstrong\u003ezoning\u003c\/strong\u003e review add time.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eEnvironmental\u003c\/strong\u003e and \u003cstrong\u003etraffic\u003c\/strong\u003e studies are separate costs.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eLegal docs\u003c\/strong\u003e, permit revisions, municipal cycles follow.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eCash timing pressure\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eBuilder’s risk\u003c\/strong\u003e and liability insurance still burn cash.\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eLoan fees\u003c\/strong\u003e, tax carry, and interest reserve stack up.\u003c\/li\u003e\n\u003cli\u003eSales office, model unit, marketing, and brokerage use cost money.\u003c\/li\u003e\n\u003cli\u003eDelays raise working capital before unit sales close.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eWhat are the biggest costs in condo development?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003eIn \u003cstrong\u003eCondo Development\u003c\/strong\u003e, the biggest costs are \u003cstrong\u003eland\u003c\/strong\u003e and \u003cstrong\u003ehard construction\u003c\/strong\u003e. The numbers point to \u003cstrong\u003e$735M\u003c\/strong\u003e in land across six owned sites and \u003cstrong\u003e$2,750M\u003c\/strong\u003e in construction, with projects ranging from \u003cstrong\u003e$350M\u003c\/strong\u003e to \u003cstrong\u003e$600M\u003c\/strong\u003e. \u003cstrong\u003e15 to 20 months\u003c\/strong\u003e of build time also adds carry cost, so the pressure is mostly upfront capital and schedule.\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eBig cost buckets\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003e\n\u003cstrong\u003eLand\u003c\/strong\u003e: $735M across six sites\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eConstruction\u003c\/strong\u003e: $2,750M total\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eProject size\u003c\/strong\u003e: $350M to $600M\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eHard costs\u003c\/strong\u003e drive the budget\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eMain cost drivers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eBuilding height and structure\u003c\/li\u003e\n\u003cli\u003eStructured parking and foundations\u003c\/li\u003e\n\u003cli\u003e\n\u003cstrong\u003eLabor\u003c\/strong\u003e, materials, and MEP systems\u003c\/li\u003e\n\u003cli\u003eElevators, amenities, code, utilities, site conditions\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eHow should you build a condo development funding plan?\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\n\u003cp\u003eBuild the Condo Development funding plan from \u003cstrong\u003esources and uses\u003c\/strong\u003e, then map every cash need by month: \u003cstrong\u003eMonth 1\u003c\/strong\u003e land purchase, construction start, construction duration, sale timing, debt sizing, equity funding, interest reserve, presales, and unit closing pace. For the last project, the model shows a \u003cstrong\u003e$2.408M\u003c\/strong\u003e peak cash deficit, \u003cstrong\u003eMonth 31\u003c\/strong\u003e breakeven, and \u003cstrong\u003eMonth 44\u003c\/strong\u003e payback. Validate those assumptions before you ask lenders or investors for capital.\u003c\/p\u003e\n\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eFunding plan\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eStart with \u003cstrong\u003esources and uses\u003c\/strong\u003e.\u003c\/li\u003e\n\u003cli\u003eModel \u003cstrong\u003eMonth 1\u003c\/strong\u003e land purchase.\u003c\/li\u003e\n\u003cli\u003eSize debt and equity by draw timing.\u003c\/li\u003e\n\u003cli\u003eInclude an \u003cstrong\u003einterest reserve\u003c\/strong\u003e.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch3\u003eCash timing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eTrack presales before construction.\u003c\/li\u003e\n\u003cli\u003eMatch unit closings to sale pace.\u003c\/li\u003e\n\u003cli\u003eWatch the \u003cstrong\u003e$2.408M\u003c\/strong\u003e peak deficit.\u003c\/li\u003e\n\u003cli\u003eCheck \u003cstrong\u003eMonth 31\u003c\/strong\u003e and \u003cstrong\u003eMonth 44\u003c\/strong\u003e.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eCalculate Fuding Needs\u003c\/span\u003e\u003c\/h2\u003e\n\u003csection class=\"fml-summary-static\" aria-label=\"Condo Development Startup Cost Summary\" data-locale=\"en-US\" data-currency=\"USD\" data-default-scenario=\"base\" data-export-filename=\"Condo Development Startup Cost Summary.xlsx\" data-site-name=\"Financial Models Lab\" data-site-url=\"https:\/\/financialmodelslab.com\" data-source-title=\"Condo Development Startup Cost Summary\" data-source-url=\"\"\u003e\u003cdiv class=\"fml-summary-static-card\"\u003e\n\u003cheader class=\"fml-summary-static-header\"\u003e\u003cdiv\u003e\n\u003cp class=\"fml-summary-static-eyebrow\"\u003eStartup cost summary\u003c\/p\u003e\n\u003cp class=\"fml-summary-static-description\"\u003eThis table summarizes condo development startup CAPEX, land and construction spend, and excluded working capital needs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-summary-static-actions\"\u003e\n\u003cdiv class=\"fml-summary-static-scenarios\" aria-label=\"Highlight scenario\"\u003e\n\u003cbutton class=\"fml-summary-static-scenario\" type=\"button\" data-scenario=\"low\"\u003eLow\u003c\/button\u003e\u003cbutton class=\"fml-summary-static-scenario is-active\" type=\"button\" data-scenario=\"base\"\u003eBase\u003c\/button\u003e\u003cbutton class=\"fml-summary-static-scenario\" type=\"button\" data-scenario=\"high\"\u003eHigh\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"fml-summary-static-export\" type=\"button\" data-summary-export\u003eEXPORT XLSX\u003c\/button\u003e\n\u003c\/div\u003e\u003c\/header\u003e\u003csection class=\"fml-summary-static-metrics\" aria-live=\"polite\"\u003e\u003cdiv class=\"fml-summary-static-metric is-primary\"\u003e\n\u003cspan\u003eHighlighted CAPEX\u003c\/span\u003e\u003cstrong data-summary-metric=\"capex\"\u003e$348,700,000\u003c\/strong\u003e\u003csmall data-summary-metric=\"scenario\"\u003eBase planning example\u003c\/small\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-summary-static-metric is-warning\"\u003e\n\u003cspan\u003eExcluded cash needs\u003c\/span\u003e\u003cstrong data-summary-metric=\"working\"\u003e$240,827,000\u003c\/strong\u003e\u003csmall\u003eOutside CAPEX total\u003c\/small\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-summary-static-metric\"\u003e\n\u003cspan\u003eFunding need\u003c\/span\u003e\u003cstrong data-summary-metric=\"funding\"\u003e$589,527,000\u003c\/strong\u003e\u003csmall\u003eCAPEX + excluded cash needs\u003c\/small\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003cdiv class=\"fml-summary-static-table-wrap\"\u003e\u003ctable class=\"fml-summary-static-table\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth scope=\"col\"\u003eCost Category\u003c\/th\u003e\n\u003cth scope=\"col\" class=\"fml-summary-static-estimate-header\" data-summary-estimate-header\u003eBase Estimate\u003c\/th\u003e\n\u003cth scope=\"col\"\u003eMain Cost Driver\u003c\/th\u003e\n\u003cth scope=\"col\"\u003eCAPEX Calculator\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr data-summary-row data-low=\"68500000\" data-base=\"73500000\" data-high=\"79000000\" data-capex=\"true\"\u003e\n\u003ctd\u003eOwned Land Purchases\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-estimate\" data-summary-value\u003e$73,500,000\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-driver\"\u003eOwned acquisition price across six sites\u003c\/td\u003e\n\u003ctd\u003e\u003cspan class=\"fml-summary-static-pill\"\u003eYes\u003c\/span\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-summary-row data-low=\"255000000\" data-base=\"275000000\" data-high=\"300000000\" data-capex=\"true\"\u003e\n\u003ctd\u003eHard Construction Budget\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-estimate\" data-summary-value\u003e$275,000,000\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-driver\"\u003eFull build cost across the development pipeline\u003c\/td\u003e\n\u003ctd\u003e\u003cspan class=\"fml-summary-static-pill\"\u003eYes\u003c\/span\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-summary-row data-low=\"70000\" data-base=\"85000\" data-high=\"100000\" data-capex=\"true\"\u003e\n\u003ctd\u003ePre-Development and Office Setup\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-estimate\" data-summary-value\u003e$85,000\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-driver\"\u003eOffice buildout and formation costs\u003c\/td\u003e\n\u003ctd\u003e\u003cspan class=\"fml-summary-static-pill\"\u003eYes\u003c\/span\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-summary-row data-low=\"45000\" data-base=\"55000\" data-high=\"65000\" data-capex=\"true\"\u003e\n\u003ctd\u003eTechnology and Analytics Setup\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-estimate\" data-summary-value\u003e$55,000\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-driver\"\u003eSystems, data, and analytics setup\u003c\/td\u003e\n\u003ctd\u003e\u003cspan class=\"fml-summary-static-pill\"\u003eYes\u003c\/span\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-summary-row data-low=\"50000\" data-base=\"60000\" data-high=\"70000\" data-capex=\"true\"\u003e\n\u003ctd\u003eSales Launch and Mobility\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-estimate\" data-summary-value\u003e$60,000\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-driver\"\u003eLaunch materials and field mobility\u003c\/td\u003e\n\u003ctd\u003e\u003cspan class=\"fml-summary-static-pill\"\u003eYes\u003c\/span\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr class=\"is-excluded\" data-summary-row data-low=\"216744300\" data-base=\"240827000\" data-high=\"264909700\" data-capex=\"false\"\u003e\n\u003ctd\u003eWorking Capital Runway\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-estimate\" data-summary-value\u003e$240,827,000\u003c\/td\u003e\n\u003ctd class=\"fml-summary-static-driver\"\u003eMonth 30 cash trough before breakeven\u003c\/td\u003e\n\u003ctd\u003e\u003cspan class=\"fml-summary-static-pill is-no\"\u003eNo\u003c\/span\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\u003c\/div\u003e\n\u003cfooter class=\"fml-summary-static-note\"\u003e\u003cspan class=\"fml-summary-static-note-icon\" aria-hidden=\"true\"\u003e!\u003c\/span\u003e\u003cp\u003e\u003cstrong\u003ePlanning note:\u003c\/strong\u003e Ranges are researched assumptions; non-CAPEX excludes working capital, reserves, distributions, tax advice, and HOA items.\u003c\/p\u003e\u003c\/footer\u003e\n\u003c\/div\u003e\u003c\/section\u003e\u003cbr\u003e\n\n\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eCondo Development Core Five Startup Costs\u003c\/span\u003e\u003c\/h2\u003e\u003cbr\u003e\u003cbr\u003e\n\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eLand Acquisition And Site Control Startup Expense\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eLand cash\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eLand is a major \u003cstrong\u003eCAPEX\u003c\/strong\u003e item unless it is held by \u003cstrong\u003eoption\u003c\/strong\u003e or \u003cstrong\u003epurchase contract\u003c\/strong\u003e. Sourced owned-land purchases total \u003cstrong\u003e$735M\u003c\/strong\u003e, with single-site costs from \u003cstrong\u003e$80M\u003c\/strong\u003e to \u003cstrong\u003e$180M\u003c\/strong\u003e. Ask if the site is owned, under contract, optioned, or still being sourced before you treat any cash as committed.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl_2\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-tips-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eEstimate inputs\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eBuild the estimate from deposit, option fee, closing costs, title, surveys, environmental due diligence, zoning review, legal review, and pre-construction carrying costs. Separate \u003cstrong\u003ecommitted land cash\u003c\/strong\u003e from reimbursable or financeable project costs, so the budget shows what hits cash now versus what sits in lender or project funding. One clean rule: do not mix site control with hard construction cash.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eReduce risk\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eUse an option or contract when you can, because it lowers upfront cash and buys time for diligence. The common miss is paying for land before zoning, environmental, and title work are clear. Keep the site-control line separate from costs that can be financed later, and ask whether any deposit is refundable, creditable, or locked in.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"card_smpl\"\u003e\u003cdiv class=\"double_border\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-pin-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003e\u003cspan style=\"color: #ffffff;\"\u003eCash timing\u003c\/span\u003e\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eLand cash can land early and stay tied up before permits or construction start. For condo deals, that means the site line can move fast from small deposit to large closing payment, so funding plans should show timing, refund rights, and whether the land cost is truly committed or still contingent.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eEntitlements, Permits, Architecture, And Engineering Startup Expense\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eSoft Cost Scope\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eTreat this as \u003cstrong\u003epre-development\u003c\/strong\u003e soft cost. It covers architects, civil, structural, and mechanical, electrical, and plumbing (MEP) engineers, surveyors, legal counsel, traffic studies, environmental reports, zoning applications, permit fees, and municipal review. Model project soft costs at \u003cstrong\u003e25%\u003c\/strong\u003e in Year 1, easing to \u003cstrong\u003e15%\u003c\/strong\u003e by Year 5 as a planning assumption.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-tips-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eEstimate Inputs\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eBuild the estimate from project size, site conditions, approval path, and consultant quotes. Break out drawings, reports, filings, and city review separately, then compare them to the full development budget. If a fee cannot be tied to a deliverable, the estimate is too loose.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl_2\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eControl The Spend\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eKeep the scope tight before filing. Rework after hearings, neighbor objections, or code comments can add money and weeks, so one lead architect and one clean submission matter. Put a redesign reserve in the plan, but do not let it hide avoidable scope creep.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"card_smpl\"\u003e\u003cdiv class=\"double_border\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-pin-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003e\u003cspan style=\"color: #ffffff;\"\u003eApproval Risk\u003c\/span\u003e\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eThis budget sits on the critical path. If entitlement work slips, the rest of the capital stack waits, and carrying costs rise before any unit sales close. Flag \u003cstrong\u003eredesign cycles\u003c\/strong\u003e, \u003cstrong\u003epublic hearings\u003c\/strong\u003e, \u003cstrong\u003eneighbor objections\u003c\/strong\u003e, and \u003cstrong\u003ecode comments\u003c\/strong\u003e as both cost and timing risks.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eHard Construction Startup Expense\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eHard Cost Scope\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003e\u003cstrong\u003eHard construction\u003c\/strong\u003e is the physical build: labor, materials, general contractor fees, foundations, structure, framing, façade, roofing, MEP, elevators, interiors, common areas, amenities, and contingency. Across six condo projects, sourced budgets total \u003cstrong\u003e$2,750M\u003c\/strong\u003e, with individual projects from \u003cstrong\u003e$350M\u003c\/strong\u003e to \u003cstrong\u003e$600M\u003c\/strong\u003e. \u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl_2\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-tips-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eHow To Estimate\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eBuild the estimate from scope, not a national rate. Start with contractor bids, then size it by building type, height, parking, finish level, union labor market, procurement timing, and local code rules. Here’s the quick math: \u003cstrong\u003e$2,750M\u003c\/strong\u003e across \u003cstrong\u003e6\u003c\/strong\u003e projects implies an average of about \u003cstrong\u003e$458M\u003c\/strong\u003e per project, but each site can still land far above or below that. \u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eUse line-item trade quotes.\u003c\/li\u003e\n\u003cli\u003eTest bids against code.\u003c\/li\u003e\n\u003cli\u003eSeparate contingency clearly.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eWhat Drives Cost\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003e\u003cstrong\u003eTaller buildings\u003c\/strong\u003e, structured parking, and higher finish levels push hard costs up fast. Union labor markets and slow procurement can lift pricing too, and local code can add extra fire, accessibility, or system work. The main risk is using a fixed \u003cstrong\u003e$\/sf\u003c\/strong\u003e benchmark when the real budget depends on the specific site, plan, and delivery schedule. \u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eHeight changes structure costs.\u003c\/li\u003e\n\u003cli\u003eParking changes concrete spend.\u003c\/li\u003e\n\u003cli\u003eLead times change pricing.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"card_smpl\"\u003e\u003cdiv class=\"double_border\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-pin-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003e\u003cspan style=\"color: #ffffff;\"\u003eKeep Costs Honest\u003c\/span\u003e\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eProtect the budget with early contractor input, trade-by-trade quotes, and tight scope control before release to build. Lock long-lead items early, but keep a clear contingency for pricing swings and redesigns. If the project adds higher-end finishes, more parking, or stricter code items, hard cost rises fast, so track every change order against the original \u003cstrong\u003e$350M to $600M\u003c\/strong\u003e plan. \u003c\/p\u003e\n\u003c\/div\u003e\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eSitework, Utilities, Infrastructure, And Parking Startup Expense\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eSitework Scope\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eThis line sits outside unit interiors and can swing the whole project budget. It covers \u003cstrong\u003edemolition\u003c\/strong\u003e, grading, excavation, stormwater, utility taps, sewer, water, power, roads, sidewalks, landscaping, fire and life-safety systems, accessibility compliance, and parking. \u003cstrong\u003eStructured parking\u003c\/strong\u003e, poor soil, utility relocation, and off-site municipal work can push costs up fast.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-tips-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eHow To Estimate\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eEstimate from site plan quantities, utility quotes, civil drawings, and parking count. Start with each scope item, then layer in soil conditions, relocation scope, and any city-required off-site work. For timing, base cash need on work starting around \u003cstrong\u003eMonth 8\u003c\/strong\u003e and running through \u003cstrong\u003eMonth 27\u003c\/strong\u003e, with build durations of \u003cstrong\u003e15 to 20 months\u003c\/strong\u003e.\u003c\/p\u003e\n\u003cul class=\"lst_crct_blog\"\u003e\n\u003cli\u003eGet utility and paving quotes.\u003c\/li\u003e\n\u003cli\u003eSeparate on-site from off-site work.\u003c\/li\u003e\n\u003cli\u003eFlag structured parking early.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl_2\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eCost Control\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eThe best savings come from locking scope before permit drawings harden. Push for cleaner site plans, fewer utility moves, and early city meetings so you do not redesign after comments. Parking is the biggest wildcard: structured parking and poor soils can change the budget more than finish upgrades. Do not blur required public work with optional landscape extras.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"card_smpl\"\u003e\u003cdiv class=\"double_border\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-pin-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003e\u003cspan style=\"color: #ffffff;\"\u003eBudget Placement\u003c\/span\u003e\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eTreat this as a real project \u003cstrong\u003eCAPEX\u003c\/strong\u003e bucket, not a small site line. It sits between entitlements and vertical construction, and it often sets the pace for the full draw schedule. If this scope slips, the whole start date slips too, because utility, grading, and parking work must finish before the building can rise.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch3\u003e\u003cspan style=\"color: #126CFF;\"\u003eFinancing, Insurance, Legal, Sales Launch, And Working Capital Startup Expense\u003c\/span\u003e\u003c\/h3\u003e\u003cbr\u003e\n\u003cdiv class=\"card_smpl blue_card\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-colons-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eFunding Bucket\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eSeparate this from physical CAPEX, but include it in total funding need. This bucket covers \u003cstrong\u003eloan origination fees\u003c\/strong\u003e, lender due diligence, appraisal, title, legal closing work, \u003cstrong\u003einterest reserve\u003c\/strong\u003e, builder’s risk and liability insurance, purchase agreements, condominium documents, brokerage commissions, model unit, sales center, marketing, and a working capital buffer.\u003c\/p\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"container_2_clmn_row\"\u003e\n\u003cdiv class=\"card_smpl_2\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-tips-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eRun The Math\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eStart with months of coverage. The known monthly carry is \u003cstrong\u003e$26k\u003c\/strong\u003e fixed overhead, \u003cstrong\u003e$25k\u003c\/strong\u003e general liability insurance, and \u003cstrong\u003e$4k\u003c\/strong\u003e legal and accounting retainer, or \u003cstrong\u003e$55k per month\u003c\/strong\u003e before launch spend. Then layer sales commissions, which run from \u003cstrong\u003e60%\u003c\/strong\u003e to \u003cstrong\u003e40%\u003c\/strong\u003e, plus one-time launch costs and reserve cash.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"card_smpl\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-intro-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003eTrim The Burn\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eKeep launch spend tied to sales milestones. Phase the model unit and sales center, lock legal and insurance quotes early, and refresh the interest reserve if closing slips. The main mistake is treating these as one-time extras; they sit on the runway and keep burning until closings start.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003cbr\u003e\u003cdiv class=\"card_smpl\"\u003e\u003cdiv class=\"double_border\"\u003e\n\u003cdiv class=\"card_smpl_header\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/fml_20_fml-Orange-blog-pin-icon.svg\" alt=\"Icon\" class=\"icon_how_to_use\"\u003e\u003ch4\u003e\u003cspan style=\"color: #ffffff;\"\u003eCash Peak Risk\u003c\/span\u003e\u003c\/h4\u003e\n\u003c\/div\u003e\n\u003cp\u003eCash peaks before unit sales finish because the burn starts first and commission checks hit later. At \u003cstrong\u003e$55k per month\u003c\/strong\u003e in known carry, every delay adds pressure while marketing and brokerage costs also come due. The funding plan should cover the gap between construction completion, sales pace, and final closings.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/div\u003e\u003cbr\u003e\u003cbr\u003e\u003ch2\u003e\u003cspan style=\"color: #126CFF;\"\u003eCompare 3 Startup Cost Scenarios\u003c\/span\u003e\u003c\/h2\u003e\n\u003csection class=\"fml-scenario-table\" aria-label=\"Condo Development Startup Cost Scenarios\" data-site-name=\"Financial Models Lab\" data-site-url=\"https:\/\/financialmodelslab.com\" data-source-title=\"Condo Development Startup Cost Scenarios\" data-note-label=\"Planning note\" data-note-text=\"These ranges are researched planning assumptions built from the model inputs and example project structures, not exact quotes or guaranteed budgets.\"\u003e\u003cdiv class=\"fml-scenario-table-card\"\u003e\n\u003cheader class=\"fml-scenario-table-header\"\u003e\u003cdiv\u003e\n\u003cp class=\"fml-scenario-table-eyebrow\"\u003eStartup cost scenarios\u003c\/p\u003e\n\u003cp class=\"fml-scenario-table-description\"\u003eCost jumps fast in condo development because land, build scope, parking, amenities, and sales timing all hit cash at once. Lean, base, and full show how site complexity changes funding needs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"fml-scenario-table-actions\"\u003e\u003cbutton class=\"fml-scenario-table-export\" type=\"button\" data-scenario-export\u003eEXPORT XLSX\u003c\/button\u003e\u003c\/div\u003e\u003c\/header\u003e\u003cdiv class=\"fml-scenario-table-wrap\"\u003e\u003ctable class=\"fml-scenario-table-grid\"\u003e\n\u003ccaption\u003eLean, base, and full launch bands for condo development\u003c\/caption\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth class=\"fml-scenario-table-stub\" scope=\"col\" data-export-value=\"Scenario\"\u003eScenario\u003c\/th\u003e\n\u003cth class=\"fml-scenario-table-column\" scope=\"col\" data-export-value=\"Lean Launch\"\u003e\n\u003cspan class=\"fml-scenario-column-title\"\u003eLean Launch\u003c\/span\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eLower site complexity\u003c\/span\u003e\n\u003c\/th\u003e\n\u003cth class=\"fml-scenario-table-column\" scope=\"col\" data-export-value=\"Base Launch\"\u003e\n\u003cspan class=\"fml-scenario-column-title\"\u003eBase Launch\u003c\/span\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eStandard mid-rise plan\u003c\/span\u003e\n\u003c\/th\u003e\n\u003cth class=\"fml-scenario-table-column\" scope=\"col\" data-export-value=\"Full Launch\"\u003e\n\u003cspan class=\"fml-scenario-column-title\"\u003eFull Launch\u003c\/span\u003e\u003cspan class=\"fml-scenario-badge is-warning\"\u003eHigh-carry urban build\u003c\/span\u003e\n\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Launch model\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-launch\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-launch-model.svg\" alt=\"\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eLaunch model\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"A smaller project with a lower-cost site and a 17-month build window.\"\u003eA smaller project with a lower-cost site and a 17-month build window.\u003c\/td\u003e\n\u003ctd data-export-value=\"A standard mid-rise project with mid-range land and a balanced build timeline.\"\u003eA standard mid-rise project with mid-range land and a balanced build timeline.\u003c\/td\u003e\n\u003ctd data-export-value=\"A larger urban build with a 20-month construction window and heavier carrying costs.\"\u003eA larger urban build with a 20-month construction window and heavier carrying costs.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Typical setup\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-setup\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-typical-setup.svg\" alt=\"\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eTypical setup\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"Best for fewer units, simpler parking, lighter amenities, and lower entitlement risk.\"\u003eBest for fewer units, simpler parking, lighter amenities, and lower entitlement risk.\u003c\/td\u003e\n\u003ctd data-export-value=\"Fits a moderate unit mix, standard parking, and a normal amenity package.\"\u003eFits a moderate unit mix, standard parking, and a normal amenity package.\u003c\/td\u003e\n\u003ctd data-export-value=\"Works when the site is complex, parking is tight, amenities are richer, and approvals take longer.\"\u003eWorks when the site is complex, parking is tight, amenities are richer, and approvals take longer.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Cost drivers\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-drivers\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-cost-drivers.svg\" alt=\"\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eCost drivers\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"Smaller land position; simpler parking; lower amenity load; shorter sales run\"\u003e\u003cul class=\"fml-scenario-list\"\u003e\n\u003cli\u003eSmaller land position\u003c\/li\u003e\n\u003cli\u003esimpler parking\u003c\/li\u003e\n\u003cli\u003elower amenity load\u003c\/li\u003e\n\u003cli\u003eshorter sales run\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/td\u003e\n\u003ctd data-export-value=\"Mid-range land; standard mid-rise structure; mixed parking needs; normal amenities; staged sales\"\u003e\u003cul class=\"fml-scenario-list\"\u003e\n\u003cli\u003eMid-range land\u003c\/li\u003e\n\u003cli\u003estandard mid-rise structure\u003c\/li\u003e\n\u003cli\u003emixed parking needs\u003c\/li\u003e\n\u003cli\u003enormal amenities\u003c\/li\u003e\n\u003cli\u003estaged sales\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/td\u003e\n\u003ctd data-export-value=\"Large land position; complex structure; deep parking; high amenity load; longer carry\"\u003e\u003cul class=\"fml-scenario-list\"\u003e\n\u003cli\u003eLarge land position\u003c\/li\u003e\n\u003cli\u003ecomplex structure\u003c\/li\u003e\n\u003cli\u003edeep parking\u003c\/li\u003e\n\u003cli\u003ehigh amenity load\u003c\/li\u003e\n\u003cli\u003elonger carry\u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Planning range\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-range\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-planning-range.svg\" alt=\"\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003ePlanning range\u003c\/span\u003e\u003cspan class=\"fml-scenario-row-subtitle\"\u003eCAPEX only\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"$430M\"\u003e\n\u003cstrong class=\"fml-scenario-range\"\u003e$430M\u003c\/strong\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eLower band\u003c\/span\u003e\n\u003c\/td\u003e\n\u003ctd data-export-value=\"$530M - $700M\"\u003e\n\u003cstrong class=\"fml-scenario-range\"\u003e$530M - $700M\u003c\/strong\u003e\u003cspan class=\"fml-scenario-badge is-soft\"\u003eMid band\u003c\/span\u003e\n\u003c\/td\u003e\n\u003ctd data-export-value=\"$780M\"\u003e\n\u003cstrong class=\"fml-scenario-range\"\u003e$780M\u003c\/strong\u003e\u003cspan class=\"fml-scenario-badge is-warning\"\u003eHigh band\u003c\/span\u003e\n\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr data-scenario-row\u003e\n\u003cth class=\"fml-scenario-row-heading\" scope=\"row\" data-export-value=\"Best fit\"\u003e\u003cspan class=\"fml-scenario-row-heading-inner\"\u003e\u003cspan class=\"fml-scenario-row-icon is-fit\" aria-hidden=\"true\"\u003e\u003cimg class=\"fml-scenario-row-icon-img\" src=\"\/cdn\/shop\/files\/scenario-best-fit.svg\" alt=\"\" loading=\"lazy\"\u003e\u003c\/span\u003e\u003cspan\u003e\u003cspan class=\"fml-scenario-row-title\"\u003eBest fit\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/th\u003e\n\u003ctd data-export-value=\"Fits teams that want a tighter site, a cleaner permit path, and less carry risk.\"\u003eFi\nts teams that want a tighter site, a cleaner permit path, and less carry risk.\u003c\/td\u003e\n\u003ctd data-export-value=\"Fits sponsors that want a balanced project with normal complexity and a mainstream sales pace.\"\u003eFits sponsors that want a balanced project with normal complexity and a mainstream sales pace.\u003c\/td\u003e\n\u003ctd data-export-value=\"Fits teams prepared for a bigger balance sheet, slower approvals, and more financing pressure.\"\u003eFits teams prepared for a bigger balance sheet, slower approvals, and more financing pressure.\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\u003c\/div\u003e\n\u003cdiv class=\"fml-scenario-table-note\"\u003e\n\u003cspan class=\"fml-scenario-table-note-icon\" aria-hidden=\"true\"\u003e!\u003c\/span\u003e\u003cp\u003e\u003cstrong\u003ePlanning note:\u003c\/strong\u003e These ranges are researched planning assumptions built from the model inputs and example project structures, not exact quotes or guaranteed budgets.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\u003c\/section\u003e","brand":"FinancialModelsLab","offers":[{"title":"Default Title","offer_id":49303516774643,"sku":"condo-development-startup-costs","price":0.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/6191\/2762\/files\/condo-development-startup-costs.webp?v=1782679575","url":"https:\/\/financialmodelslab.com\/products\/condo-development-startup-costs","provider":"Financial Models Lab","version":"1.0","type":"link"}