Thursday, July 12, 2007

How much does it cost to develop raw land?

I asked this question of my developer friends recently. They said it's approximately 1/3 to 1/2 the price of the land. Any thoughts? Figures? We're talking from absolute dirt to a place with roads, sewage system, drainage, electricity, water...

The people in CR tried to tell us it cost $1M/mile of road. This seemed very high to me.

17 comments:

Anonymous said...

Where are these figures directed to? I see California being the culpret of this however how about nation wide?

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