Re: Budgets before finding a site
From: Cohousing (cohousingmindspring.com)
Date: Sun, 2 Oct 2016 18:08:37 -0700 (PDT)
I was wondering where the cost for the construction of the homes was in the 
breakdown. We are doing 28 homes and expect to build a $10M project. 

Kayelily 
Sent from my iPhone

> On Oct 2, 2016, at 8:01 PM, Lisa Poley <lpoley [at] vt.edu> wrote:
> 
> 
> HI All -
> 
> I am working as the Cohousing Consultant to the Jubilee Cohosuing group and
> I would like to clarify and correct the earlier post from Susan Adams.
> 
> The information that she posted is not an accurate representation of the
> groups ProForma budget (which is a working  estimate of likely breakdown of
> overall project costs to completion).
> 
> The actual Proforma Budget estimates for completing the project are
> substantially higher than the number posted in Susan's email (I am not
> entirely sure where she got the information she posted - but it seems that
> there was some sort of (well intentioned) misunderstanding.
> 
> Sorry to have to be the one to provide the disappointing news that no - it
> is not realistic to expect to build a 15 unit project for 1.3 million!
> 
> All best,
> 
> Lisa
> 
> 
> 
> Lisa Poley
> Village Resources LLC.
> lisap98 [at] gmail.com
> 540 250-7032
> 
>> On Thu, Sep 29, 2016 at 3:40 PM, Susan Adams <sadams430 [at] gmail.com> 
>> wrote:
>> 
>> 
>> Hi Jane,
>> Here are percentages from our pro forma budget for Jubilee in Floyd
>> Virginia.  Out cost of living is much lower than in most parts of the
>> country so I think percentages would be more helpful than actual numbers.
>> 
>> Our total proforma budget is 1,355,666.   Of that we have allocated
>> 18.07% for Land and Insurance
>> 25.82% for Site development and Landscaping
>> 18.44% for Professional Services
>> 1.25% for Permits and Fees
>> 14.51% for Financing
>> 3.02% for Sales and Membership
>> 11.49% for Contingencies
>> 7.38% for the first phase of a common house.
>> 
>> Hope this helps, and good luck to you all
>> 
>> On Wed, Sep 28, 2016 at 10:31 AM, Jane Mueller <
>> MissionPeakCohousing [at] gmail.com> wrote:
>> 
>>> 
>>> As a forming group in search of a site, we need to put together a budget
>>> and set an appropriate membership fee and dues schedule. Does anyone
>> have a
>>> pro forma budget appropriate for BEFORE you purchase property and begin
>>> construction? (Our search on "budget" turns up information for groups
>> that
>>> are farther along in the process than we are.)
>>> 
>>> Many thanks!
>>> Jane Mueller for Mission Peak Cohousing in Fremont
>>> _________________________________________________________________
>>> Cohousing-L mailing list -- Unsubscribe, archives and other info at:
>>> http://www.cohousing.org/cohousing-L/
>>> 
>>> 
>>> 
>> 
>> 
>> --
>> *www.jubileecoho.com <http://www.jubileecoho.com>*
>> A great place to grow a family!
>> _________________________________________________________________
>> Cohousing-L mailing list -- Unsubscribe, archives and other info at:
>> http://www.cohousing.org/cohousing-L/
>> 
>> 
>> 
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