Hard cost when acquiring the business
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rafe
Apprentice
Joined: 28 Feb 2008
Posts: 2
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 Posted: 09/21/08 - 07:38 Post subject: |
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| Can somebody please tell me what is considered hard cost? I am setting up a business and I really cannot understand all the things that I come across every single day. Now, I have read something about hard cost and soft cost, and I still do not know what difference does it make, or which cost is hard and which soft. |
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etan
Apprentice
Joined: 07 Jul 2008
Posts: 1
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| Posted: 10/06/08 - 04:51 Post subject: |
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| hey there. As far as I know, hard costs are costs which are related to buying a land or house, or even building a house. Those are costs related to improvement of a land. Those are constructional costs. So, when talking about acquiring the business I think that a hard cost would be everything related to paying for the offices or some other buildings you will use…or maybe even everything that is related to improving the building |
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rafe
Apprentice
Joined: 28 Feb 2008
Posts: 2
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| Posted: 10/21/08 - 02:04 Post subject: |
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| Thanks a lot for your help man, I mean, I really appreciate your concern. But, I still do not quite understand. What are you saying- that only costs related to construction are considered hard costs? And what does it mean to me? What purpose this classification has? And does it maybe have different meaning when it comes to business? Is there something I can read and make this a bit clearer to me? If there is anyone who know more about it, I will appreciate it |
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