Our $300,000 Duplex Build - Full Construction Cost Breakdown

[@NicoleNark]

Here are the links to the BUILDING Resources we show in this video: ⚒ Build Budget Generator → bit.ly/BuildBudgetMaker ⚒ Building Expense Tracker →bit.ly/BuildExpenseTracker

[@aprilblack7196]

Thank you so much ❤

[@regitroullier1591]

This is great!

[@rashaanduke8840]

@nicolenark are the plans for your duplex available?

[@rashaanduke8840]

@nicolenark are the final numbers for the build available as well.

[@TravelTechie415]

Great presentation and channel, clear, concise, informative.

[@MaximilianFischer497]

Thumbs up on your newly built Duplex. In the early 1990s, I purchased my first home in Miami with mortgage rates between 8% and 10%. Today, it's unlikely we'll see rates return to those levels. As a result, sellers may need to adjust their expectations and consider pricing their homes more competitively to attract buyers. This could lead to a potential decline in home prices.

[@TicheDebb0]

Given the current economic conditions, it's likely that affordable housing will become even more challenging to find in the near future because of cost and many budgeting issues. If you're considering building a duplex as an investment or for personal use, now might be a good time to act before prices rise further.

[@MarshalWagner457]

As a building expert, cost of getting a duplex done is alarming including rising mortgage rates and inflationary pressures, it's likely that we'll see a correction in the housing market. Consider holding off on home purchases for now and explore other investment opportunities. I'd advice consulting with a qualified professional. They can help you navigate the financial market and make informed decisions about housing market.

[@RowanBryson]

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

[@MarshalWagner457]

I've experimented with a few over the past years, but I've stuck with "Rebecca Noblett Roberts" for about 3 years now, and her performance has been consistently impressive. She's quite known in her field, look her up.

[@vince9080h]

Thank you for this tip. I must say, Rebecca appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

[@NetrunnerDeo]

Step 1: Find a stable relationship

[@NicoleNark]

Not a bad starting place!

[@1thoww]

I would say step 1 is getting 350K in working capital

[@CoffeeT-v5j]

😂😂😂 why just why

[@CoffeeT-v5j]

@@1thoww lol

[@MayorMapp]

😂😂😂😂

[@debbvideo]

You are a generous couple for sharing your experience and the tool. Perhaps you can also offer a similar tool for managing expenses for the property

[@NicoleNark]

Thanks for watching! We definitely may create a tool for ongoing property management expenses in the future ☺️

[@theegress3131]

Agreed!!! They are amazing🎉

[@luisonate9098]

@@NicoleNark I purchased their calculatign sheet and they didnt deliver the product. tried contactinmg them and no answer. scammed me of my money

[@ReneeWinston-x8x]

@@NicoleNark Yes that would be Great!!

[@c0lutch]

One thing I don’t think you mentioned is even though you spent a little more on your roof, you’re going to save more in the long run. If installed correctly, that roof will last you at LEAST 50 years, maybe more before needing replaced. If you just went with shingles you would’ve replaced the roof probably 2 times in that same timeframe.

[@NicoleNark]

Very true!

[@bristonthegreat3496]

You guys are a beautiful couple. I hope you guys understand how lucky you are to be able to align yourself this much with life and goals. This is a beautiful thing to watch let alone give an audience the chance to comprehend that the main reason this can even be possible is by having a great partner who not only supports you but can love you as well as being a part of it. Ying and yang

[@JamesMFInvest]

Building a duplex isn’t just about saving money; it’s about creating long-term wealth and financial freedom.

[@tracyandcierra]

I’ve never seen anyone break it down like this. Thank you so much. Great video, great technique, great strategy! Woohoo! Wishing you all more success! One love

[@theo81st]

Really well done. The building expense tracker is a great tool to let folks see in real time how projected expenses can vary.

[@annettemarie2076]

Great to see a duplex being built. They are very common in Los Angeles but almost non existent in my city.

[@shavezequeenbellamy7708]

I truly believe the tool y’all created is going to be very helpful! 🙌🏾🤩

[@NicoleNark]

Thank you, we hope so! They’ve sure helped us out on our journey! ☺️

[@mannysabir1339]

I'm soooo thankful to be a tradesman myself because my cost will be lower. Unfortunately concrete is not my expertise but I do have friends lol.

[@NicoleNark]

It's all about having the right connections! 😊

[@DJ_C_Had]

The most informative video I’ve seen on building from the ground up. Good to see good people investing in Arkansas.

[@jasonjosephlee]

Wow. What a great video. I have built some units myself, looks like a great video I should do as well. Thanks for the inspiration. I am based out of California.

[@NicoleNark]

Thanks for watching! I’d love to see what you’ve done ☺️

[@KJInvesting]

Hello, I help people invest in 4-plex or 8-plex properties new build for pre-sale

[@JoohnWilliam-f1l]

You’ve explained this so well, I feel confident about trying it myself now!

[@brenitagilbert3252]

Very informative. I’m interested in building a live in duplex in Chicago. I’m nervous about the cost of a build however I know I don’t want the headache of a rehab.

[@carlcarter4084]

WHAT AN AMAZING TEAM! U2 ARE WHAT AMERICA NEEDS! KEEP UP THE GOOD WORK!

[@gary.haynes]

Hey Guys, I appreciate the details you give, and the step by step. I have run a number of building projects for some projects of mine, but it's been a long time, and I'm getting ready to do some new ones. So your info is very helpful, to help me get back up to date. One thing I get curious about, watching your videos, is the overall project. How much the land cost, appraised value in the end, so how much profit or equity you made, and if rentals, what are the expected costs and profits of keeping the rentals. Thank.s

[@angelodorsett1]

Your home is stunning. Great job guys

[@michaelroach4583]

How big was the parcel needed to build the duplex?

[@76ers]

5:36 - Can you do a video on how to find different contractors to do the different types of jobs needed.

[@NicoleNark]

Great idea! I think an interview style video where I do a Q&A with Kachi could provide some valueable insights on this topic! Any main questions you'd like addressed?

[@76ers]

@@NicoleNark assume you’re teaching someone who has never built a house before and is beginning from scratch: 1. How do you find the right contractor/architect to begin with? Where do you go besides Google? Any specific websites/resources to use? 2. How do you ensure they’re not overcharging you? 3. What is your process for obtaining permits and complying with local building codes? 4. What happens if unexpected issues or changes occur during the project? 5. What should you look out for or avoid?

[@olaoyemayowa2105]

@@76ers Very good question! I will be looking out for the next video explaining all these. I am also unfamiliar with entire process and would like to know.

[@kevinpaul9730]

Awesome job, guys ! Your story is inspirational. Wishing you continued success.

[@ryanjohnson3202]

Thank you! Im definitely picking up this tracker, it looks simple and easy to use! Im curious about the financing process, did you guys use saved money, hard money, or an investor? How much did you need to put down? Also what was the process of purchasing the land and getting it zoned like?

[@NayePowdrill]

I loved how detailed you both were great video 🎉

[@MonteMitchell]

Thank you, from Las Vegas. This is wonderful. Looking to build my next rental, which will put me at 23 doors. 🙏🏽

[@KJInvesting]

Hello, I help people invest in 4-plex or 8-plex properties new build for pre-sale

[@jakobewilliat2635]

What do you do to make money to do this?

[@LoisWayOrgVA]

Yes, very generous. My wife and I have dreamed of doing this and real estate and knowing there are tools out there like this is such a blessing. You guys just made our dreams that much more feasible.

[@NicoleNark]

So happy to help and hear you found the info useful ☺️

[@KJInvesting]

Hello, I help people invest in 4-plex or 8-plex properties new build for pre-sale

[@roderickorellana7911]

Mind sharing the floor plan? Thanks!

[@GoldenEraPharaoh]

Her face drop at 7:39 when you ratted her out 🤣😤 Then her remembering the fact is hilarious. Keep up the great job guys ! Subscribed and tuned in !

[@TeluguAbbi]

Your perfect planning reflects in the house - it’s roof, windows, garages look top notch while remaining with in budget. Did you guys already own the land? I may have missed that

[@hans7021]

You are amazingly generous with details and insights. The generator assumptions are only based on constructions costs in your state? Or could I use it for construction Canada?

[@MicahAnointed]

Great video! Thanks for sharing. I am a plumber and builders/customers do sometimes have a hard time understanding why our prices are not as low as they expect. Material cost is higher than ever and the cost of operating a legal, licensed, insured and legit plumbing company is no joke. Supply and demand. ✅

[@NicoleNark]

Thanks for sharing this perspective. It’s always a good reminder!

[@seangermon1216]

As a construction lender your budget generator is a great tool. Question did you get a construction loan for this duplex build or was it cash?

[@DorianBurton-bu2ox]

Great video! You’ve motivated me to build a home 🤩 Have you guys gotten an appraisal on it yet?

[@SH-kx6vs]

I’m building a duplex that is much simpler. Thank you. This has been very helpful

[@NicoleNark]

You're so welcome!

[@cityviewdevelopmentgroup3101]

Can you name your lender ?

[@NicoleNark]

@@cityviewdevelopmentgroup3101 we use First Service Bank, I’m not sure if they lend outside of AR

[@KyleVance-mf3yb]

As an architect, how did you get construction drawings for $600??

[@whatta7793]

Probably purchased plans that were already created? Duplicates and not custom? Idk

[@joerivas4874]

I had the same question. That price is astonishingly low, I was hoping they explained it. I am guessing cheap online plans and in a jurisdiction that doesn't require much beyond those plans for permit. That or they got some kind of deal with a friend/fam

[@woodyahh2110]

I’m going to go with on line plans that did not need to be stamped

[@zassumreztor3210]

Great team work, thank you for sharing your experience. So more prosperous projects. Congratulations keep it up 👍

[@annettemarie2076]

I’m interested in doing this in Palmdale California.

[@maxkozarez1141]

sweet deal, have you built a house before?

[@michaelcolon]

For those starting out , how did you find your architechs, builders, plumbers, etc? Not sure where to really start.

[@sashaminx75]

Same question I have.

[@KJInvesting]

Hello, I help people invest in 4-plex or 8-plex properties new build for pre-sale

[@luiscruz-zy1ip]

I thought the drywall price was off . I did my research I guess I perform a specialty finish meh. My intial thought was right I need to start building this is awesome ! Thank you for your insight you guys did a great job!!!!!!

[@azeredorodrigues5623]

Any chance of purchasing the plans?

[@sashaminx75]

yaaas. Same question i had

[@DRventura333]

That budget tracker is nice tool; as the Bank's payout in tranches, so you will know what needs to be paid out when working with the Bank construction finance person. Goodness, you were lucky to only pay $660 for Engineering/survey, that's usually the most expensive, next to the internal finishings and cement/sewer. One suggestion: would have put the entry doors on opposite sides instead of right next to each other. But nice project; great finish.

[@NicoleNark]

Yes, we found the budget tracker helpful with planning around the contruction loan draws! Also, 100% with you on separating the entry doors. That was my goal early on, but with some utility easements on the property I was very limited on where the driveways/garages would be feesible and had to work around that!

[@TheLeadAdvisor]

Great video! you both broke that down so clearly!

[@Chandrell_S]

Interested in purchasing the floor plan documents. Great video

[@KJInvesting]

Hello, I help people invest in 4-plex or 8-plex properties new build for pre-sale

[@lesliewilliams8261]

This was amazing. I’m currently in the planning phase and found land, how did you find the best contractors?

[@dwannthomas9543]

where did you get the data to source the app calculations? did you use power apps or some other framework?

[@eclypso.]

Thank you for sharing, im trying to learn the proper steps to build and this is very helpful to new investors 👏🏽

[@NicoleNark]

Glad it was helpful! We have a steps to building video up as well that you might find helpful 😊 Here's the link if you want to check it out: kzbin.info/www/bejne/aZq6m42Xgd1gkLM

[@nataliemalveaux901]

Thanks for Sharing! Great info to know!

[@NicoleNark]

Happy to hear you found it helpful, Natalie! 🥰

[@aztecsky49]

Would you consider a no cost option for veterans who are wanting to do the same.

[@kuixihe]

I like the content, but I just want to get some clarity about the architecture/engineering section. Are you guys saying you spent $600 on signed and sealed architectural and engineering drawings?

[@NicoleNark]

Completely understandable wanting some clarification! First of all, yes - we did only spend $600 in this section. The duplex is in an opportunity zone and because of this, some of our costs with the city were waived or reduced. Second - our city does not require engineered site plans, architectural review, etc. We created the plans ourselves by working with a draftsman. Hope that helps!

[@kuixihe]

@@NicoleNark Thanks for that information, it was helpful. I would have mentioned that because its unique to your specific situation because it doesnt make sense to others why there was such a huge discount on those costs! good luck guys!

[@TheMaestrodavidb]

Thank you for sharing and with detail without filibustering. This is simply amazing.🎉🎉

[@NicoleNark]

You are so welcome! 🎉🏠

[@NoKoDirect]

Great video! thanks for sharing! Did you also purchase your floor plan?

[@NicoleNark]

Thank you! These were custom plans

[@TheSCARECROW28]

Love the vid! Would the formulas in the Build Budget Generator or expense tracker be accurate with a Barndominium build?

[@NicoleNark]

I think they would be pretty similar! Obviously there could be some differences based on how you plan out your barndo. For example, the costs of a barndo built from a metal building would have a different breakdown than one where you use wood framing and metal siding! The overall build costs provided by the budget generator should be accurate, but differences on the specific line items may occur based on your route to build! Hope that helps☺️

[@ant2luv]

Thanks so much guys. This is something I was thinking about doing for my family. SO USEFUL!!

[@NicoleNark]

Glad it was helpful! ☺️

[@TikoBlane]

Would this spreadsheet work for a typical rehab? Great video.

[@julianbotello4993]

What was the cost for painting the two unis? That would be a bing number that was shown on the budget

[@georgecarroll1213]

Wow this would be 700k in the northwest. You can’t even build a duplex that’s nice where I live. You guys are blessed in the location your at.

[@dewrimsirine]

insanely helpful video. at what rate did you get the loan?

[@bubbleguppie4163]

I’d love to get into this. But where do you begin on finding the contractors to build?

[@djessbolan]

How and where did you find those entrance doors for the price you did!!!??? They look amazing but can’t understand why so cheap..

[@kmarcs100]

Great video. I am definitely interested in the Budget & Spending Tracker

[@NicoleNark]

Happy you think so! The links are in the description ☺️

[@Javes-so6zx]

Have you guys experienced any leaks from the exterior walls/roof transition or windows? I am a leak investigator and have horrible experience with Zipwall.

[@tailormade187]

Thank you so much for the software!! I am planning for a new construction and this will benefit me immensely!!

[@NicoleNark]

You're very welcome! We have found them extremely beneficial since making them. Glad we have the opportunity to share and help others! 🛠️🏠

[@katrinavenable6891]

Hi Nicole, thanks for all the awesome info. Do you have a similar program to do for flipping versus new construction?

[@nadiasamanich]

This is great and you guys look alike so much, like the lighter/darker version of the other. Cute and great info. Thanks

[@MayorMapp]

So did you spend the whole 300k or only put 20% down ?

[@travisr47]

Can i get photos and plans or atleast a layout of the duplex and the modern home (from the $200k build video). Im not having any luck finding it on your pages.

[@Ms.Thanya]

You may or may not know…will your budget generator work for an insulated concrete form (ICF) built duplex home?

[@Shae8]

Hi Nicole, appreciate you sharing this information and journey. Question: what are you thoughts on using those houseplans that can be bought? Would that save any costs or make the process easier? Or would it be the same? I was looking at some 4plex houseplans online. The plans tell you materials and cost etc...

[@slikevents]

Does it automatically break all items in to percentages or do you have to input numbers like doors, windows, light fixtures etc?

[@wavygoods877]

Where was this built? I live in AZ and there really isn’t a culture for multifamily units here but I’m ready to invest!

[@DdaOG72Star]

Is there any apps out there that you would recommend for 3d floor plans?

[@sdp5368]

Hey you two gotta show do a proper home tour for this one and the other home. The short clips aren’t enough

[@NicoleNark]

I'm open to it, but what would you want to see? I guess I feel like it would be awkward or boring 😅

[@bebovazquez9824]

Question, I am currently building a 2 story inlaw quarter behind my property; any tips on how to budget for it? I live in Miami, FL and the land is all paid for.

[@aysmith1972]

Thanks for this video and the resources! I purchase the budget maker and love it!!

[@NicoleNark]

Glad you enjoy it! ☺️🥰

[@dp-mcfly5158]

This is great information also thank God I’m in the HVAC field so I met with a lot of contractors electricians and plumbers so when I’m ready to build myself a home I think I’m in good hands

[@NicoleNark]

You will be leaps and bounds ahead of those who aren’t in the industry!

[@eric18iam]

I’m not sure if you all said it or not, but was the price of the land included in the budget?How much was the land?

[@tareks.8456]

How long did this whole process take from start to finish??

[@erlingeffrard7533]

Y'all make such great team.

[@syncologymarketing3331]

Do you have documentation or a knowledgebase for the software? Or could you do a video on how to use the software?

[@RichWil]

Your breakdown spreadsheet is genius. I will be purchasing this.

[@AdrianRomeroJr]

Wow that turned out awesome! thanks for sharing you guys, gives good insight for people like me who are also doing these kind of projects. great video, earned my sub!

[@JeanP-f7m]

what process did you use to select reliable general contractor, architect for the duplex build etc? Any suggestions? Thank you.

[@leonaking1865]

Great video yall I have a lot and want to build exactly what you've done here. Houston Texas. Need a good builder reference.

[@sashaminx75]

Me also

[@jorgevasco558]

Watching from Houston also

[@renesilva241]

Building permits at only $1226! Wow. I just built mine in Fontana CA and my plan che fee was 1700 . My building permit was 37k plus school tax was 10k water meter along was 17k😢

[@NicoleNark]

Wow those fees are steep! What was the dollar value of the project?

[@RebelzExotics]

love this video! great information, I want access to this software!😱

[@NicoleNark]

Thank you so much! The links are in the video description so make sure to check them out☺️

[@joemedicare]

Is the budget maker app a one-time cost and is it continually updated?

[@NicoleNark]

Yes it’s a one time cost and instant download. As we make updates, the new version is sent out to everyone who has purchased.

[@Evandbec]

What should the average person expect to pay per square foot? Not major expensive cities. Thanks!

[@muyiwa508]

Great video. It was exactly what I needed. Thanks for sharing

[@NicoleNark]

You are so welcome! Glad it was helpful ☺️

[@SPLENDORISTA]

Great video again👏! Would you please share the excel cost estimator?

[@NicoleNark]

Thank you! It is linked in the description 😊

[@Dr.Octogon]

Subscribed. Nice work! Very useful information.

[@NicoleNark]

Glad you think so! Thanks for subscribing ☺️

[@jessiearmbruster7902]

Love it! That is such a great tool to utilize, thank you for sharing!

[@NicoleNark]

Glad you think so, Jessie! Thanks for watching! ☺️

[@rayebaldwin9086]

This was really good. Do you consult others who want to do development such as this?

[@kkiwanuka]

Wow got to say this was the fastest I have ever subscribed to a channel 2:43 subscribe. You guys are awesome!!! tremendously informative.

[@NicoleNark]

Wow, thanks! Happy you found the video valuable ☺️

[@kawaii-sosu]

this build seems way sleeker than most buildings built in the US. how does it compare against neighboring houses? were those extra upgrades worth it from the ROI point or did you do those for your own enjoyment mostly?

[@NicoleNark]

Thanks for noticing! Our neighborhood is very quirky and many of the new homes are thinking outside the box. We have everything from tiny homes to mini mansions to container homes all within a few streets. We wanted to play into that but also use materials that we felt would be timeless and durable!

[@jayceehoward2102]

How does lending work for a ground up build like this. I’m interested in building a barndominium.

[@brandons2842]

Trying hard not to hate... Beautiful home for sure!!

[@Moochers]

I'm a designer and I'm curious as to how your plans came in so cheap. $5k seems like a good ballpark, but $600?! That's wild. Also, I'd like to know more about your experience with the architects. I'm genuinely concerned with how long the project took to get document and drafted and if there were significant RFI's.

[@NicoleNark]

We had an exact idea of what we wanted up front. I had gone so far as to drawing the plans out by hand on grid paper to work through different ideas prior to final plans. From there, we worked with a draftsman to create the final plans that we ended up submitting to the city.

[@Moochers]

@@NicoleNark Oh, a draftsman, so not a licensed architect? Does your municipality not require residential plans be signed by a licensed architect? I know you mentioned Arkansas, is there a way that could share the municipality, town, or city? I would like to look into the local code. Thank you!!!

[@NicoleNark]

@Moochers correct! Our area does not require plans to be architect stamped/signed.

[@teondpmarcus]

Is your budget generator only for duplexes?

[@DorianBurton-bu2ox]

Great video! Have you got an appraisal on it yet?

[@paulperez3305]

Did the appraiser use the receipts of cost for the properties value or comparables in your market?

[@luvelyjay]

Take that same house and dump it down in NJ, NY, CA and it's easily $750k without batting an eye! It's insane the cost of things in different parts of the country!

[@NicoleNark]

I agree, it’s wild how different the markets are!