Cohousing-L Mailing List: Re: Budgets before finding a site

[Susan Adams (sadams430]

I certainly regret any misinterpretation of the figures I provided.  The
original request was as follows

*"Does anyone have a pro forma budget appropriate for BEFORE you purchase
property and begin construction?"*

The figures I provided were for our pre construction development.  Which is
the budget which was requested.  The figures came directly from Village
Resources, and I assumed that they were correct.

Construction costs are not included because we are still operating under
this budget. We have selected our site, but although we have an option to
buy we have not purchased the property yet.  We do not have our final plans
or costs yet.  I assumed that anyone looking at the categories in the list
would see that there are no construction costs included, and realize that
this is not a budget for the entire project.  I regret that I did not make
that clear.  (Actually, there IS an error in the pro forma budge that I
posted.  For some reason Village Resources included an estimated $100K for
a rudimentary Common House.  Since that IS a construction estimate, VR
should not have  included in this budget and I should have deleted it.

If that oversight misled anyone, I apologize.

We have received a great deal of helpful information from this list serv,
and I was simply trying to help a fledging group from the perspective of
another fledging group.

Susan








On Sun, Oct 2, 2016 at 9:08 PM, Cohousing <cohousing [at] mindspring.com> wrote:

>
> 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
> >>> _________________________________________________________________
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> >>> http://www.cohousing.org/cohousing-L/
> >>>
> >>>
> >>>
> >>
> >>
> >> --
> >> *www.jubileecoho.com <http://www.jubileecoho.com>*
> >> A great place to grow a family!
> >> _________________________________________________________________
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> >> http://www.cohousing.org/cohousing-L/
> >>
> >>
> >>
> > _________________________________________________________________
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> >
> >
>
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