Development Cost


Definition of "Development cost"

All the costs involved in constructing a development project including the cost of acquiring a parcel of land, paying for contractors labor, materials as well as taxes and development loan interest costs.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Credit Card Forgery

Same as term Credit Card Insurance: coverage under a homeowners insurance policy in the event that a ...

Employment Practices Liability Coverage

Plan that provides protection in the event of legal actions resulting from charges of harassment, di ...

Specific Rate

Property insurance premium rate that is applicable to a single, particular piece of property. ...

Preexisting Use

Same as term nonconforming use: Property use which is in violation of the current zoning ordinance, ...

Modern Georgian Architecture

Modeled after the English Georgian style, this architecture is a perfectly scaled grand symmetrical ...

Friendly Fire

Kindling intentionally set in a fireplace, stove, furnace, or other containment that has not spread ...

Related Real Estate FAQ

What Is An Adjustable-rate Mortgage (ARM)?

A type of mortgage in which the interest rate is keyed to a certain economic index and is adjusted a ...

What Is Zoning?

Zoning is the laws that establish how a property can be used and what codes must be followed when er ...

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

What Is A Deed?

A deed is a legal document that conveys the title to a property. ...

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

When to buy a house How to become a real estate agent Tax Breaks for the First Time Home Buyer Real Estate Open House - The Dos and Don What Costs Do Buyers and Sellers Pay On Big Day When Escrow Closes?

FAQ

What is a debt-to-income ratio? What is a proration? What is joint tenancy? What is a title? What is a mortgagee?