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Incremental Development 101
Transcript of Incremental Development 101
It's the difference between:
One company developing and building 100 single-family houses:
...one for each of them.
Twenty-five individuals developing and building a four-plex...
It's small groups of people building the "Missing Middle" housing types
lot by lot
ACRE BY ACRE
This is happening
all over the country
Chaotic, but smart
in places that have
good street buildings
in towns that have repealed their
ludicrous parking regulations
It happened in this country a hundred years ago...
This nascent group of small-scale developers are already developing, financing, and building their mixed-use 2, 4, and 16-plex buildings.
This is happening now.
...and it's happening again.
Built on the diversity and anti-fragility ideas of
in the Small Developer/Builder
many of whom have
and hundreds more people who think
"we should build more cool stuff"
but don't yet know
they're capable of doing it themselves.
award-winning New Urbanists
who want to create an army
of small-scale developers.
Nationwide Boot Camps
Sharing knowledge & experience
between a bunch of
and just enough
Small Scale Developer Resource page
CNU National Congress
Sharing Knowledge, Like:
The Rule of 100
Square buildings are cheaper to build, and easier to lay-out.
You need $1 of rent to afford $100 of New Construction
So, if you can rent an apartment for:
Then you can afford to build that unit for:
Your Hard Construction Costs will probably be:
Your goal is for Soft Construction Costs to not exceed:
Which means the most you can pay for land is:
It's many people who are
already building small-scale
and don't yet know about CNU or "Incremental Development".
Quickly determine if a project is viable.
For Each Unit:
The Rule of 100 lets you:
Isolate the primary costs of a project.
Chances are good,
You already know what 'Incremental Development' is; you've just never heard the phrase before
Getting started with development by creating a pop-up market
Financing a mixed-use 4-plex with a 'regular' FHA mortgage
Understand the inter-relationship between them all
in case you need