Single Family Homes in the Shenandoah Valley Va, Florence Ave Waynesboro, Class 6 1200 Sq.Ft. Zip 244.

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Presentation transcript:

Single Family Homes in the Shenandoah Valley Va, Florence Ave Waynesboro, Class Sq.Ft. Zip 244

Index  1- Title slide  2- Index  3- Mission Statement  4- Roles of the General Contractor  5- Pre-Construction Timeline  6- Project Timeline and Plan  7- Location of Lot  8- Comparable Properties in the Neighborhood  9- Waynesboro Residential Real Estate Data  10- Construction Cost Estimate  11- Costs breakdown of Excavation, Foundation, Rough Hardware, and Carpentry, Insulation and Exterior Finish.  12- Costs breakdown of Exterior Trim, Doors, Windows, Finish Hardware and Carpentry, and (Roofing, Flashing, Fascia)  13- Costs Breakdown of Interior Wall Finish, Painting, Wiring, Lighting Fixtures, Flooring, and Carpeting  14- Costs Breakdown of Bath Accessories, Shower Tub Enclosures, Countertops, Cabinets, and Built-in Appliances.  15- Cost Breakdown of HVAC systems, Plumbing (fixtures & connections) & Sub-total Direct job costs  16- Project Sub Total  17- Grand Total  18- Return on Investment  19- Profit Point Pie  20- Investment Duration

Mission Statement  At Appalockia Homes, our team members believe that building homes is a lifestyle choice that is crafted throughout our lifetimes. We are passionate about Real Estate Development and seek to grow starting from affordable entry level homes to all class levels of homes.  After we have several independent lots constructed and sold under our belt, we have already been discussing and have conceptual work on a 25 acre 52 lot subdivision designed for Class 5&6 homes in Crimora Va, roughly 5 miles north of the lot mentioned in this project package. This pre-planned subdivision was abandoned by the original developer due to the housing bubble crash back in We feel that it is an opportunistic time to get started on that particular development since the Waynesboro and Augusta county area will continue to grow so heavily from here on out due to leap frog development from Charlottesville and Washington D.C.  To Strive to diversify out retail product locations through-out the Shenandoah Valley and the State of Virginia.  To grow until we have at minimum of one project completion per quarter.  Our upper quality Class 1-3 homes aim to incorporate sustainable energy technologies such as the new cutting edge “Solar Shingles”, microturbine tech and silver LEED certification.

Roles of the General Contractor  Appalockia Homes LLC will work with a selected General Contractor  To assist in the General Contractors duties such as but not limited to.  The General Contractors role and responsibilities include the following  Gathering and Evaluating Bids for Specialty (Sub Contractors).  Interactions with architectural elements such as blueprint selection  Material purchasing and allocation  Coordinating Specialty (sub) contractors to supervise their job.  Assisting the Gen. Contractor in providing Skilled Labor if needed  Overseeing the G.Con in Answering questions and resolve site issues  Oversee the G.Con in Arranging for Permits and Inspections.

Pre-Construction Timeline

Project Timeline Chart and Plan Work With the General Contractor to Create a Project Plan during Pre- Construction timeline phase.

Location of Lot

Neighborhood Comparable Properties Comparable Properties in the Neighborhood

Waynesboro Real Estate Data  Median Listing Price $ 176,750  Median Days on Market 127  363 Active Listings  8.5% Distressed Listings (foreclosures and short sales) Information from /local/market/VA/Waynesboro/

Construction Cost Estimate This is an estimate for a single family residence built under competitive conditions in or near Staunton, Virginia in December 2013.This estimate includes a foundation as required for normal soil conditions, excavation for foundation and piers on a prepared building pad, floor, wall, interior and exterior finishes, roof cover, interior partitions, doors, windows, trim, electric wiring and fixtures, rough and finish plumbing, built-in appliances, supervision, design fees, permits, utility hook-ups, the contractor's contingency, overhead and profit. Highly decorative, starkly original or exceptionally well-appointed residences will cost more. Add the cost of the land, government-mandated site development fees and the cost of bringing utility lines to the site.

Excavation Labor $640 Equipment $277 Excavation Total $917 Foundation, Piers, Flatwork Material $2,253 Labor $2,168 Equipment $563 Foundation, Piers, Flatwork Total $4,984 Rough Hardware Material $220 Labor $212 Equipment $55 Rough Hardware Total $487 Rough Carpentry Material $7,284 Labor $6,581 Rough Carpentry Total $13,865 Insulation Material $1,364 Labor $571 Insulation Total $1,935 Exterior Finish Material $4,192 Labor $1,496 Equipment $291 Exterior Finish Total $5,979

Exterior Trim Material $263 Labor $253 Equipment $66 Exterior Trim Total $582 Doors Material $665 Labor $343 Doors Total $1,008 Windows Material $1,147 Labor $477 Windows Total $1,624 Finish Hardware Material $111 Labor $57 Finish Hardware Total $168 Roofing, Flashing, Fascia Material $3,046 Labor $1,563 Roofing, Flashing, Fascia Total $4,609 Finish Carpentry Material $404 Labor $1,246 Finish Carpentry Total $1,650

Interior Wall Finish Material $1,940 Labor $1,834 Interior Wall Finish Total $3,774 Painting Material $1,159 Labor $1,657 Painting Total $2,816 Wiring Material $1,177 Labor $1,360 Wiring Total $2,537 Lighting Fixtures Material $882 Labor $170 Lighting Fixtures Total $1,052 Flooring Material $867 Labor $753 Flooring Total $1,620 Carpeting Material $1,725 Labor $377 Carpeting Total $2,102

Bath Accessories Material $427 Labor $161 Bath Accessories Total $588 Shower & Tub Enclosure Material $273 Labor $140 Shower & Tub Enclosure Total $413 Countertops Material $825 Labor $423 Countertops Total $1,248 Cabinets Material $2,713 Labor $522 Cabinets Total $3,235 Built In Appliances Material $1,320 Labor $113 Built In Appliances Total $1,433

Plumbing Rough-in and Connection Material $1,239 Labor $1,841 Equipment $182 Plumbing Rough-in and Connection Total $3,262 Plumbing Fixtures Material $2,516 Labor $488 Plumbing Fixtures Total $3,004 Heating and Cooling Systems Material $3,446 Labor $5,170 Heating and Cooling Systems Total $8,616 Subtotal Direct Job Costs Material $41,459 Labor $30,615 Equipment $1,434 Subtotal Direct Job Costs Total $73,508

Indirect Job Costs Final Cleanup Total $370 Insurance Total $2,589 Permits & Utilities Total $1,572 Plans & Specs Total $370 Subtotal Indirect Job Costs Material $4,531 Labor $370 Indirect Job Costs Total $4,901 Contractor Markup Total $11,556

Total Cost Material $57,546 Labor $30,985 Equipment $1,434 Total Before Land $89,965 Total Before Land $89,965 Lot Listed for $15,000 Grand Total $ 104,965

Return of Investment  Project Grand Total = $ 104,965  Capital Requested = $ 110,000  Home Listing = $ 165,000  Negotiation Cushion, Sales Costs, and Closing 10% = $16,500  After Close = $ 148,500  Investors project capital returned = $110,00  Remainder after capital = $38,500  ROI allocated 4 ways = $9,625  ROI = 8.75% for Angel Investor

Pay out after Investment Return and costs of sales and tax

Investment Duration  Targeted sales within 90 days (1 quarter) of construction completion.  Area wide median listing duration is 127 Days or about 4 months and 1 Week.  Total project time estimated between 8 Months to a Year. A complete breakdown of project time will be completed in conjunction with the General contractors schedule under Project timeline and Chart Plan  Targeted Pre-construction Start Date sooner then but at least by 07/01/2014 with estimated completion and move-sales ready by 4/27/2015  Average listing duration on market is 127 plus completion date of 4/27/2015 equals 9/01/2015