Know Which Townhome Projects Perform Best
Townhome sites look similar on paper and rarely perform the same. Unit count, lot geometry, parking, site work and buyer depth all move the result, and the difference usually shows up long after the pro forma was written.
Bivvit holds every townhome project to the same measurements so you can see which sites, which unit counts and which neighborhoods actually produced margin.
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The numbers that separate one townhome project from the next
- Cost per unit
Total project cost divided by units delivered. The fastest way to see whether a five-unit site really beat a four-unit site once shared costs were spread.
- Cost per square foot
Hard cost and total cost per SF, with one consistent definition of what square footage includes across every project.
- Construction duration
Permit to certificate of occupancy, measured the same way each time. Duration drives carry and delays the return of your cash.
- Sales velocity
How long units took to sell after completion, unit by unit, plus any price adjustments it took to move the last one.
- Margin
Margin per unit and margin per project. A site can produce strong total dollars and weak per-unit performance.
- Capital invested
Your own cash in the deal, how long it stayed in, and what it earned per month rather than per project.
- Neighborhood performance
Cost, duration and price outcomes grouped by submarket, so you know where your company builds well.
- Project size and unit count
Whether added units genuinely improved the economics or simply added site work, shoring and complexity.
Shared costs and repetition
Two costs decide most townhome outcomes. The first is everything that happens before the structures go up — demolition, shoring, utilities, site work, parking — which is carried by the site rather than by any single unit, and which does not scale neatly with unit count. The second is repetition: identical plans across units should lower per-unit cost, and when they do not, the reason is worth finding before the next site.
Bivvit allocates shared site costs consistently across units and keeps the allocation the same on every project, so a comparison between two sites means something.
Related Guides
- Seattle Construction Costs
What drives cost in the Seattle market.
- Seattle Infill Development
How Seattle infill projects actually run.
- Construction Cost Per Square Foot
How to compare cost/SF correctly.
Put It Against Your Own Projects.
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