ARV is the estimated future value of a property after renovation. Determined by comparing similar recently sold properties. Most commonly used by rehabbers but applicable to any investment property
Empty land within traditional estates located in or outside towns. Offers design flexibility and faster construction timelines. Requires infrastructure installation and can be environmentally problematic
Load-bearing walls support themselves and upper elements, transferring weight to foundation. Non-load-bearing walls support only themselves and lightweight items. Removing load-bearing walls can cause serious structural damage
Construction costs vary based on property size, materials, and professional labor. Average construction cost per square meter is 2,750 TL. Construction costs increased 39.56% in May 2021 compared to previous year
Cost indexes update chemical plant capital costs based on inflation and deflation. Index is ratio of actual price to base period multiplied by 100. Indexes combine raw materials, products, energy, labor and construction costs
Unit Price estimating identifies costs for materials, equipment, and labor in building components. Estimators must perform detailed takeoff of all work scopes. Estimates are organized by CSI MaterFormat categories