Budget assumptions

The Budget tab in Edit Assumptions sets every cost input behind the Development Budget. Adjust a field, then click Recalculate and the model refreshes the outputs. Each section below is one accordion in the tab.

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Land Acquisition

Enter the land cost per square foot or per acre. The model converts to a total using the site area.

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Hard Costs

Enter hard costs per gross square foot or per key. A Cost index toggle scales the figure between a base index of 1.00 and a location-specific construction index, so the same base cost reflects local pricing.

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Soft Costs

Enter soft costs per gross square foot or as a percentage of Hard Costs. The same Cost index toggle applies.

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Custom Budgets

Add a custom line, name it, and enter its amount. Custom lines flow into the Total Budget and can be included in the Developer Overhead & Fee and Contingency Allowance calculations.

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Developer Overhead & Fee

The percentage applies to the items you select — Land, Hard Costs, Soft Costs, Guestroom FF&E, and any custom lines.

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Contingency Allowance

Choose which cost lines the contingency applies to.

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Guestroom FF&E

Set a per-key FF&E budget for each room type in the mix.

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Construction Loan

For the outputs these inputs feed, see Reading your result tables.