Scope of project
Bois D Ark Park Villas
Family will be at the center of attention with this thirty seven acre development. Forty building lots will wrap a park that sprawls in between the long, twisting row of homes. Back doors and patios will look out onto the playground and picnic tables. Children will be entertained for hours on end. A path will follow the edge of the property, providing a great place to walk the dog, or take a jog
Swing set, jungle gym, merry go round, sand box and splash pad will be scattered between picnic tables and park benches. A skate path will wind in and around the park’s features
Homes will range from 2000 to 4000 SF
The delightful and unique, doll house styling of our model will be the first of many with an array of pastel colors of Spring. Most of the trim will be faux, or hand painted, except for the flower box, which will be on every home we build. The gables on this design are turned to the side, but we’ll mix it up by turning some to the front
We’ll be using quality finishes inside and out. Real stone, real wood, and real stucco, unlike other houses built today. All of the homes will be closely related in style and materials, creating a development that greatly pleases the eye. Simple structures with straight gables will keep the budget in check. The model homes we build will set the precedence for the entire development, however, some homes may be customized specifically for the buyer. Our group will retain exclusive rights to design and building
Infrastructure is simple with pervious gravel roads
The twenty one hundred square foot club house conveniently doubles as a day care during business hours
Forty, quarter acre lots
Budget to develop and build
Projected start up cost……….$2,720,000
37 acre tract purchase………$350,000
Advertising……………..$50,000
Infrastructure…………….$400,000
Roads and parking areas, utilities, park, gardens and landscaping
Two model homes……………………………$1,500,000 (estimated building cost)
2000 sf and 3000 sf
Country club and pool…………………………….$350,000 (building cost)
Surveying and land plan……..$20,000
Legal fees, accounting, insurance, and permits…………….$50,000
Projected gross profit…….$19,800,000
Plan sales = $200,000
Forty 1/4 acre lots @ $40,000 = $1,600,000
Home sales = $18,000,000
Projected average 3000 SF of structure per lot with 40 lots total, estimated selling price at $250 per SF = $30,000,000
Projected average 3000 SF of structure per lot with 40 lots total, estimated cost to build at $150 per SF = $18,000,000
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Our group will start up the home owner’s association, turning it over to the residents as soon as the development is close to completion and established
Start up begins as soon as financing is in place, with three to five years completion time anticipated
