Our $300,000 Duplex Build - Full Construction Cost Breakdown

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We built a duplex and live for FREE by house hacking! In this video, we break down EVERY cost involved, share budgeting tips, and even show you how we tracked expenses throughout the build. Want to know if building a duplex is right for you? Watch this video and see how we did it!
BUILDING Resources:
⚒️ Build Budget Generator → bit.ly/BuildBudgetMaker
⚒️ Building Expense Tracker →bit.ly/BuildExpenseTracker
Ready to get started on your own BUILD? Don't miss my video breaking down everything you need to know about Construction Loans! → • Construction Loan Requ...
FREE Resources:
✅Get connected with an AGENT in your city → homeandmoney.com/nicole/
✅Check Your Home Value → narkhomes.com/home-value/
✅Subscribe to the Pennies & Property Newsletter → penniesandproperty.ck.page/pr...
Work with Nicole:
📩 Contact Nicole → narkhomes.com/contact/
Other stuff that's cool:
💡 Support My Small Business → www.amazon.com/kvnbrands
🛒 Shop My Camera Gear → bit.ly/NicoleGear
(As an Amazon Associate I earn from qualifying purchases)
Social Media Links:
📱 Instagram → / nicolenark
📱 TikTok → / nicole_nark
📱 Facebook → / nicolenarkrealtor
Chapters:
00:00 - Intro
00:26 - Creating the budget
03:49 - Pre-construction costs
05:16 - Foundation
06:50 - Framing
08:50 - Rough-ins
09:45 - Getting in the dry
12:37 - Insulation & drywall
13:46 - Interior finishes
15:28 - Completing the duplex build
16:59 - How we did
18:04 - Budget maker & expense tracker
19:22 - Outro
- DISCLAIMER -
Nicole Nark is a licensed Realtor and the Principal Broker (PB00083374) of HomeWay Realty. HomeWay Realty is not a lender, does not issue loan qualifications, and does not extend credit of any kind. The topics discussed, and ideas presented are Nicole Nark's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence. This video description contains affiliate links which means Nicole may earn a commission if you click on a link and make a purchase.

Опубликовано:

16 июн 2024

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Комментарии : 237

@NicoleNark 14 дней назад

Here are the links to the BUILDING Resources we show in this video: ⚒ Build Budget Generator → bit.ly/BuildBudgetMaker ⚒ Building Expense Tracker →bit.ly/BuildExpenseTracker

@aprilblack7196 14 дней назад

Thank you so much ❤

@regitroullier1591 11 дней назад

This is great!

@debbvideo 26 дней назад

You are a generous couple for sharing your experience and the tool. Perhaps you can also offer a similar tool for managing expenses for the property

@NicoleNark 26 дней назад

Thanks for watching! We definitely may create a tool for ongoing property management expenses in the future ☺️

@theegress3131 4 дня назад

Agreed!!! They are amazing🎉

@c0lutch 16 дней назад

One thing I don’t think you mentioned is even though you spent a little more on your roof, you’re going to save more in the long run. If installed correctly, that roof will last you at LEAST 50 years, maybe more before needing replaced. If you just went with shingles you would’ve replaced the roof probably 2 times in that same timeframe.

@NicoleNark 14 дней назад

Very true!

@nataliemalveaux901 Месяц назад

Thanks for Sharing! Great info to know!

@NicoleNark Месяц назад

Happy to hear you found it helpful, Natalie! 🥰

@tarzan343 2 дня назад

This is super dope, thank you for sharing!

@jessiearmbruster7902 Месяц назад

Love it! That is such a great tool to utilize, thank you for sharing!

@NicoleNark Месяц назад

Glad you think so, Jessie! Thanks for watching! ☺️

@ant2luv 26 дней назад

Thanks so much guys. This is something I was thinking about doing for my family. SO USEFUL!!

@NicoleNark 26 дней назад

Glad it was helpful! ☺️

@muyiwa508 20 дней назад

Great video. It was exactly what I needed. Thanks for sharing

@NicoleNark 19 дней назад

You are so welcome! Glad it was helpful ☺️

@TheMaestrodavidb 20 дней назад

Thank you for sharing and with detail without filibustering. This is simply amazing.🎉🎉

@NicoleNark 19 дней назад

You are so welcome! 🎉🏠

@micheejoao5784 9 дней назад

Thanks for sharing, this is so cool. Love from the UK! 🙏🏿

@themultifamilywealthpodcast 26 дней назад

Thanks for sharing! Great content!

@NicoleNark 26 дней назад

You bet! Thanks for watching ☺️

@DorianBurton-bu2ox 15 дней назад

You’ve motivated me to build a duplex 🙏

@mauibuilder1239 22 дня назад

Thank you for sharing...you all are smart!

@NicoleNark 21 день назад

Thanks for watching! 😊

@tailormade187 Месяц назад

Thank you so much for the software!! I am planning for a new construction and this will benefit me immensely!!

@NicoleNark Месяц назад

You're very welcome! We have found them extremely beneficial since making them. Glad we have the opportunity to share and help others! 🛠️🏠

@AdrianRomeroJr День назад

Wow that turned out awesome! thanks for sharing you guys, gives good insight for people like me who are also doing these kind of projects. great video, earned my sub!

@apartmentinvestingforbeginners 2 дня назад

Beautiful build

@jasonjosephlee 25 дней назад

Wow. What a great video. I have built some units myself, looks like a great video I should do as well. Thanks for the inspiration. I am based out of California.

@NicoleNark 24 дня назад

Thanks for watching! I’d love to see what you’ve done ☺️

@kmarcs100 24 дня назад

Great video. I am definitely interested in the Budget & Spending Tracker

@NicoleNark 24 дня назад

Happy you think so! The links are in the description ☺️

@shavezequeenbellamy7708 Месяц назад

I truly believe the tool y’all created is going to be very helpful! 🙌🏾🤩

@NicoleNark Месяц назад

Thank you, we hope so! They’ve sure helped us out on our journey! ☺️

@JM-li8mf 15 дней назад

You two are the best! thank you for sharing

@NicoleNark 14 дней назад

Our pleasure! Thanks for watching 😊

@eclypso. 15 дней назад

Thank you for sharing, im trying to learn the proper steps to build and this is very helpful to new investors 👏🏽

@NicoleNark 14 дней назад

Glad it was helpful! We have a steps to building video up as well that you might find helpful 😊 Here's the link if you want to check it out: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-3iWjZaLx-ZQ.html

@iamlatroshia 14 дней назад

Yes Nicole I love the black windows!!

@NicoleNark 12 дней назад

Thank you!!

@nathanmcniel3293 5 дней назад

Love it!! Love details

@NicoleNark 4 дня назад

Thanks so much!

@dtrini2dbone1 13 дней назад

Great job guys.

@NicoleNark 12 дней назад

Thank you!

@benbarson2810 24 дня назад

This video is fire 🔥🔥🔥

@NicoleNark 24 дня назад

Thank you! 🙌

@sunshine73308 15 дней назад

Congratulations 🎉 you guys did a great job

@NicoleNark 14 дней назад

Thanks so much! 😊

@buttercup9649 7 дней назад

You are both an inspiration ✨️. Thanks for sharing your story.

@NicoleNark 4 дня назад

Thanks for watching! ☺️

@bradgon 19 дней назад

keep it up great plan. pure inspiration

@NicoleNark 18 дней назад

Thank you so much! ☺️

@DorianBurton-bu2ox 15 дней назад

Great video! You’ve motivated me to build a home 🤩 Have you guys gotten an appraisal on it yet?

@kkiwanuka 16 дней назад

Wow got to say this was the fastest I have ever subscribed to a channel 2:43 subscribe. You guys are awesome!!! tremendously informative.

@NicoleNark 16 дней назад

Wow, thanks! Happy you found the video valuable ☺️

@topazfire974 20 дней назад

Good job guys ❤

@NicoleNark 19 дней назад

Thank you!!!

@RebelzExotics 26 дней назад

love this video! great information, I want access to this software!😱

@NicoleNark 26 дней назад

Thank you so much! The links are in the video description so make sure to check them out☺️

@TheSCARECROW28 18 дней назад

Love the vid! Would the formulas in the Build Budget Generator or expense tracker be accurate with a Barndominium build?

@NicoleNark 18 дней назад

I think they would be pretty similar! Obviously there could be some differences based on how you plan out your barndo. For example, the costs of a barndo built from a metal building would have a different breakdown than one where you use wood framing and metal siding! The overall build costs provided by the budget generator should be accurate, but differences on the specific line items may occur based on your route to build! Hope that helps☺️

@NoKoDirect 4 дня назад

Great video! thanks for sharing! Did you also purchase your floor plan?

@NicoleNark 3 дня назад

Thank you! These were custom plans

@VERA-yk9wv 5 дней назад

Good work

@NicoleNark 4 дня назад

Thank you so much 😀

@Arkiam 13 дней назад

Wow! Bless yaw frfr

@DorianBurton-bu2ox 15 дней назад

Great video! Have you got an appraisal on it yet?

@Knappconstruction 26 дней назад

Great job

@NicoleNark 26 дней назад

Thank you!

@Muscle_Knowledge_PP 21 день назад

thanks for this

@NicoleNark 20 дней назад

You're welcome!

@SPLENDORISTA 28 дней назад

Great video again👏! Would you please share the excel cost estimator?

@NicoleNark 28 дней назад

Thank you! It is linked in the description 😊

@roderickorellana7911 26 дней назад

Mind sharing the floor plan? Thanks!

@808andretti6 14 дней назад

Motivation thank you guys

@NicoleNark 14 дней назад

You bet! Thanks for watching 😊

@DdaOG72Star 27 дней назад

Is there any apps out there that you would recommend for 3d floor plans?

@dp-mcfly5158 18 дней назад

This is great information also thank God I’m in the HVAC field so I met with a lot of contractors electricians and plumbers so when I’m ready to build myself a home I think I’m in good hands

@NicoleNark 18 дней назад

You will be leaps and bounds ahead of those who aren’t in the industry!

@CortezLabs 19 дней назад

Thank you

@NicoleNark 18 дней назад

You’re welcome! ☺️

@SH-kx6vs 21 день назад

I’m building a duplex that is much simpler. Thank you. This has been very helpful

@NicoleNark 21 день назад

You're so welcome!

@cityviewdevelopmentgroup3101 17 дней назад

Can you name your lender ?

@NicoleNark 16 дней назад

@@cityviewdevelopmentgroup3101 we use First Service Bank, I’m not sure if they lend outside of AR

@sonnykim6755 3 дня назад

Thats awesome! What city was this?

@leonaking1865 24 дня назад

Great video yall I have a lot and want to build exactly what you've done here. Houston Texas. Need a good builder reference.

@sashaminx75 11 дней назад

Me also

@bebovazquez9824 14 дней назад

Question, I am currently building a 2 story inlaw quarter behind my property; any tips on how to budget for it? I live in Miami, FL and the land is all paid for.

@rayebaldwin9086 10 дней назад

This was really good. Do you consult others who want to do development such as this?

@troublelessone7999 22 дня назад

I love this stuff.. keep up the great work. Sub'd and Liked.. I just happen to be considering something similar and was considering buying someone's fourplex .. but building one looks like it could be done too. thank you

@NicoleNark 21 день назад

Happy to hear that you found the video helpful! What state are you in?

@troublelessone7999 18 дней назад

@@NicoleNark I'm in Maryland .. Seems like building would be less expensive than purchasing something established..

@victoriagibbs7191 3 дня назад

I want to do this with my first buy so bad!

@aztecsky49 19 дней назад

Would you consider a no cost option for veterans who are wanting to do the same.

@DRventura333 28 дней назад

That budget tracker is nice tool; as the Bank's payout in tranches, so you will know what needs to be paid out when working with the Bank construction finance person. Goodness, you were lucky to only pay $660 for Engineering/survey, that's usually the most expensive, next to the internal finishings and cement/sewer. One suggestion: would have put the entry doors on opposite sides instead of right next to each other. But nice project; great finish.

@NicoleNark 28 дней назад

Yes, we found the budget tracker helpful with planning around the contruction loan draws! Also, 100% with you on separating the entry doors. That was my goal early on, but with some utility easements on the property I was very limited on where the driveways/garages would be feesible and had to work around that!

@anthonyhelliott 18 дней назад

Where can I get that cost breakdown tool? That is very helpful and simple to maintain a person budget

@NicoleNark 18 дней назад

Hey Anthony, It’s available in the video description!

@76ers Месяц назад

5:36 - Can you do a video on how to find different contractors to do the different types of jobs needed.

@NicoleNark 28 дней назад

Great idea! I think an interview style video where I do a Q&A with Kachi could provide some valueable insights on this topic! Any main questions you'd like addressed?

@76ers 28 дней назад

@@NicoleNark assume you’re teaching someone who has never built a house before and is beginning from scratch: 1. How do you find the right contractor/architect to begin with? Where do you go besides Google? Any specific websites/resources to use? 2. How do you ensure they’re not overcharging you? 3. What is your process for obtaining permits and complying with local building codes? 4. What happens if unexpected issues or changes occur during the project? 5. What should you look out for or avoid?

@olaoyemayowa2105 28 дней назад

@@76ers Very good question! I will be looking out for the next video explaining all these. I am also unfamiliar with entire process and would like to know.

@michaelcolon 15 дней назад

For those starting out , how did you find your architechs, builders, plumbers, etc? Not sure where to really start.

@sashaminx75 11 дней назад

Same question I have.

@erikad6861 20 дней назад

Very beautiful ❤

@NicoleNark 19 дней назад

Thank you so much! ☺️

@mannysabir1339 23 дня назад

I'm soooo thankful to be a tradesman myself because my cost will be lower. Unfortunately concrete is not my expertise but I do have friends lol.

@NicoleNark 21 день назад

It's all about having the right connections! 😊

@djessbolan 20 дней назад

How and where did you find those entrance doors for the price you did!!!??? They look amazing but can’t understand why so cheap..

@MichaelRussell-qg6uv 13 дней назад

Great Video where state and county do you build in?

@sashaminx75 11 дней назад

Arkansas

@LITTLEMISSASIA 28 дней назад

Hey. Might have mentioned already, but what’s the square footage?

@NicoleNark 27 дней назад

2600sqft total

@azeredorodrigues5623 14 дней назад

Any chance of purchasing the plans?

@sashaminx75 11 дней назад

yaaas. Same question i had

@vitalhoma2553 19 дней назад

I like the way she said (we decided) and her man just smiled 😅

@NicoleNark 18 дней назад

Haha I mean at least we were still in budget! 😅

@vitalhoma2553 18 дней назад

You guys did great job with duplex!!! Thank you for sharing your experience

@geocyo8835 21 день назад

Wow!

@NicoleNark 21 день назад

🎉😊

@LashaeBrooks 4 дня назад

Was the thicker drywall for sound proofing?

@NicoleNark 4 дня назад

It played a part in the soundproofing but was mainly to create a 1 hour firewall between the two units!

@Taylormotivated 12 дней назад

Hey how much cash on hand did you have to have to be able to do this ? I have great credit. But I never fully understand the down payment/ closing cost for building a new home.

@NicoleNark 12 дней назад

We put just over $60k of our own money into the build. $27k of that was the lot purchase and the rest was miscellaneous building costs that we covered. In this case, we were able to use the lot, which we owned free and clear, as collateral for the loan instead of a down payment.

@5274agape4 Месяц назад

Oooh sweet ! So lovely! YES please God bless me too 🙏🏽

@NicoleNark Месяц назад

Thanks for watching, Chasity! ☺️

@AaronHope_Sow 16 дней назад

Hey Nicole. I need that link to the construction budget spreadsheet pretty please 😇

@NicoleNark 16 дней назад

Links are in the video description!

@AaronHope_Sow 15 дней назад

Got it! Had to look on desktop. For some reason the description area was blank on the RU-vid iOS App 🤷🏾‍♂️

@Yoyo-xr9kc 3 дня назад

Who did you use for metal roofing?

@NicoleNark 3 дня назад

We went through a local company in the area!

@user-qk9yi6ro4s 24 дня назад

Curious, where can I purchase the build plans?

@NicoleNark 24 дня назад

These are plan we had custom made. We might share them in the future!

@winstonoko777 27 дней назад

How much was your GC fee? and is it accounted for on the tracker? i.e if I purchase the tracker, how do I account for GC fee

@NicoleNark 26 дней назад

Kachi has a builder’s license so we did not have a GC fee for this project. You can expect to pay 10-15% for a GC in most markets. The expense tracker has empty line items where you can add the GC fee so it can be accounted for! Hope that helps! ☺️

@D-Harb 22 дня назад

I was trying to have my house built in Las Vegas, NV. Just the Electrical Permit was $16,500.00

@NicoleNark 21 день назад

wow! Did you complete the build?

@anyssarobertsify 19 дней назад

Gorgeous! Did you decorate with money from the bank or did you have money saved for that?

@NicoleNark 18 дней назад

Decorating was separate from the construction loan! Good question ☺️

@Bercedes-Menz 8 дней назад

can we buy your blueprint for the house ?

@renesilva241 24 дня назад

Building permits at only $1226! Wow. I just built mine in Fontana CA and my plan che fee was 1700 . My building permit was 37k plus school tax was 10k water meter along was 17k😢

@NicoleNark 24 дня назад

Wow those fees are steep! What was the dollar value of the project?

@namkebanyanklariti 29 дней назад

Can i get a copy of that spreadsheet?

@NicoleNark 28 дней назад

It is available in the description of the video!

@johnnyreese9511 24 дня назад

How are you coming across the land to build these houses.

@NicoleNark 24 дня назад

Its either listed for sale or we reach out to the owners!

@camlix7276 17 дней назад

Do this calculator work for rehab budgets?

@NicoleNark 14 дней назад

I would say the expense tracker would still be very helpful for keeping your project on budget. The budget generator may not be as beneficial to you since it is made for ground-up builds! Hope that helps 😊

@camlix7276 14 дней назад

@@NicoleNark are you capable of making one for rehabs?

@blakeheintzelman9238 18 дней назад

Is there any way to add PayPal as a form of payment on website for cost builder. I would purchase if I could use PayPal, but don’t want to share my card to just a random website

@NicoleNark 18 дней назад

Hi Blake, i understand your concern. Unfortunately I cannot add a new form of payment. The payment processing provider is Stripe, a trusted, secure and popular payment processor. The cost builder is hosted on ConvertKit, also a popular and trusted website used by a lot of creators and businesses.

@NewProvidenceUF 22 дня назад

How did you get your arch, eng and survey costs to be so low?

@NicoleNark 21 день назад

A few ways. First - the duplex is in an opportunity zone. Because of this, some of our costs with the city were waived or reduced. Second - our city does not require engineered site plans, architectural review, etc. We created the plans ourselves by working with a draftsman. Hope that helps!

@champloogamingtv7447 29 дней назад

Was it worth not hiring a contractor for? How much time was spent to build the home and how much work?

@NicoleNark 28 дней назад

There are pros and cons! Through our previous renovations and builds, Kachi has upgraded his contractor's license to a builder's license so we are able to have the benefit of "working" with a builder without paying a builder. One of the biggest headaches when it comes to building is project scheduling and relationships with vendors/subcontractors. If you have ample time available to learn about building, meet with subs and vendors to form those relationships - owner building might be a good option. If not, it's best to work with a builder! We had weather delays and other projects going on, but even with Kachi devoting his full time to the builds it still took us around 6-7 months to complete. Hope that helps!

@champloogamingtv7447 28 дней назад

@@NicoleNark Wow thank you very much for the advice, I work a full time job so I doubt I’d have the time by myself to take on such an endeavor so might have to team up with a family member to make it happen, thanks again!

@vitalhoma2553 19 дней назад

Just like decided to put black frame windows

@DeanBKK 26 дней назад

If I'm adding this correctly, the total square footage for both units is 2,600 sq ft. And in your other video titled "we built a duplex... now live for free" you mentioned you got a loan for $287k and used $61k of your own cash (total $348k). So you were able to build at $134 per sq foot? That seems incredibly cheap (I know you said Arkansas, but still).

@NicoleNark 26 дней назад

Yes, $135/sqft is what we have been able to stay at. If we were in a more expensive market or had to pay a builder obviously that would increase!

@KevinMcClain13 25 дней назад

Its different depending on the market ur in

@rupertanderson7597 24 дня назад

Where state do you guys live in

@gabrielanaya677 22 дня назад

They mentioned central Arkansas

@jllj9231 23 часа назад

Amazing how u both look alike. The eyes, eyebrows, nose, cheeks, shin and mouth.

@Marc-cu3yw Месяц назад

what state are you in?

@NicoleNark Месяц назад

Arkansas

@lif3sentenc3entmedia Месяц назад

How long did the whole project take?

@NicoleNark 28 дней назад

Taking into account a few weather delays around 7 months

@lif3sentenc3entmedia 28 дней назад

@@NicoleNark thanks for the reply

@motoengineer0 19 дней назад

I like the content, but I just want to get some clarity about the architecture/engineering section. Are you guys saying you spent $600 on signed and sealed architectural and engineering drawings?

@NicoleNark 18 дней назад

Completely understandable wanting some clarification! First of all, yes - we did only spend $600 in this section. The duplex is in an opportunity zone and because of this, some of our costs with the city were waived or reduced. Second - our city does not require engineered site plans, architectural review, etc. We created the plans ourselves by working with a draftsman. Hope that helps!

@motoengineer0 17 дней назад

@@NicoleNark Thanks for that information, it was helpful. I would have mentioned that because its unique to your specific situation because it doesnt make sense to others why there was such a huge discount on those costs! good luck guys!

@sdp5368 22 дня назад

Hey you two gotta show do a proper home tour for this one and the other home. The short clips aren’t enough

@NicoleNark 21 день назад

I'm open to it, but what would you want to see? I guess I feel like it would be awkward or boring 😅

@queenmedina 18 дней назад

What will the taxes look like next year?

@NicoleNark 18 дней назад

Around $490/mo when the structure hits the assessment!

@carelkouecheu1286 26 дней назад

Great Job! How were you guys able to be $4.8K under budget on the architecture (soft costs) and $0 for "Design & plan" review? I guess did you draw the plans yourself?

@NicoleNark 26 дней назад

Good question! Yes, we drew the plans ourselves. Our city also does not require plans to be reviewed/approved by and architect

@KeoshaChandler 25 дней назад

Hi! I’ve found some great floor plans on ArchitecturalDesigns.

@aprilblack7196 14 дней назад

Was the furnishings added in your budget?

@NicoleNark 12 дней назад

Not in the construction budget! We had some savings that covered it!

@DdaOG72Star Месяц назад

Do you have to be a licensed general contractor to do this?

@tonytucker8651 Месяц назад

Yes 😂😂

@NicoleNark Месяц назад

Not necessarily, it really depends on your city and their “owner builder” regulations. Many cities across the US will let you build a house without having a license if you plan to live in it as your primary residence. Definitely talk with your city and find out if you can owner build a duplex if you are interested!

@zeekflash6924 Месяц назад

What city or area code lol , not in Cali baby

@NicoleNark Месяц назад

Little Rock, AR. Our build costs are lower in Arkansas than costs in the big California metros but the land value is the biggest differentiator on overall project financials between the two!

@KevinMcClain13 25 дней назад

You guys got down to $127sqft on this build plus land purchase 💪🏾

@NicoleNark 25 дней назад

Now we want to see if we can replicate it and do it again! 😅

@KevinMcClain13 25 дней назад

@@NicoleNark yall got this 💪🏾🙏🏾

@sweetlyevil187 5 дней назад

What state is this in?

@hex214pony 4 дня назад

I believe she said Central Arkansas towards the beginning of the video, where they talk about plumbers

@NicoleNark 4 дня назад

Arkansas

@nancyw6348 3 дня назад

Where is this? Which state?

@NicoleNark 3 дня назад

We are in Arkansas!

@nancyw6348 3 дня назад

@@NicoleNark ok, I'm in Maryland. And the average costs over here for a 2-story SFH is between $400K-$700K. I gotta look into AK now :)

@mitchelllewis9571 26 дней назад

good break down of the building costs but I didn't get any helpful information on how you're living for free. What area did you build? what year did you build? How much are you charging for rent to pay a 200-2500$ a month mortgage on a 300k construction loan. Nice video though.

@NicoleNark 26 дней назад

We go over all of that in the first video we made! You can check it out here: We Built a Duplex...Now Live For FREE? ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ECyUyX36DM4.html ☺️