Why Two Identical Buildings on Two Identical Lots Can Cost Very Different Amounts to Build
1 min readconstruction costs, due diligence, geotechnical
Pro forma models often assume that a given building costs the same to construct regardless of where it goes. In practice, soils conditions, water table, slope stability, and other geotechnical factors vary dramatically across neighborhoods — sometimes within a single block.
The article walks through how pre-acquisition geotechnical due diligence reveals cost variance that surface-level comps don't capture.