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Marketing fees are also included in the template, as these costs can add up quickly when promoting a new development project. These fees are critical for ensuring that the project is financially viable and profitable. This section of the template includes fields for various overhead costs, such as office expenses, utilities, and salaries.ĭeveloper fees and sales fees are also included in the template. Overhead is another cost category that needs to be considered when developing a real estate project. Hard contingency costs are set aside for unexpected construction costs, while soft contingency costs cover unexpected soft costs, such as marketing fees. The template includes fields for both hard and soft contingency costs. These costs can add up quickly and need to be carefully managed to ensure the financial viability of the project.Ĭontingency costs are another important consideration when developing a real estate project. The template includes fields for various financing costs, including loan fees, loan interest, and other financing costs. These fees are essential for ensuring that the project complies with all legal and regulatory requirements.įinancing is another critical component of any real estate development project. The legal fees section includes fields for the cost of appraisals, A&E fees, and project general requirements. This section also includes fields for contingency costs, which are funds set aside to cover unexpected expenses. The construction contract section of the template includes fields for the cost of labor, materials, and equipment. These costs can vary depending on the type of project and the location. This section of the template includes fields for parking, hardscape/landscape, and other site costs. Site improvements are another crucial cost category that needs to be considered when developing a real estate project. The land section of the template includes fields for the purchase price, closing costs, and real estate taxes. The cost of acquiring the land is a significant expense that needs to be factored into the budget. The land section is one of the most critical components of any real estate development project.