Expenses
Our primary expenditures encompass land acquisition and construction, with land costs ranging from $100 to $160 per square foot, including closing costs. Construction expenses stand at approximately $220 per internal square foot. For an illustrative 8,000 sqft structure, acquisition outlays are estimated at around $1.3M, factoring in current prices and associated fees. Operational expenses, covering demolition, re-zoning, construction, and home sales, amount to approximately $1.8M.
Additionally, we anticipate overhead costs for managing the administrative facets of Missing Middle Housing LLC. As our portfolio expands and we leverage strategic partnerships, we foresee operational efficiencies leading to a reduction in unit costs over time. This holistic financial overview aligns with our commitment to prudent fiscal management and sustained growth.