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DEVELOPMENT COSTS
The total cost to build a New Home Collection home includes three parts: the current price of the plan, the homesite cost, and the development costs.
The development costs are:
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$2,500 - ARC plan review fee due at final review.
$6,000 - *ARC refundable deposit.
$400 - Approx. cost of plan copies (includes 7 sets for ARC committee members).
$2,500 - Approx. cost of current survey & topo of the lot, if needed.
$4,000 - Builder’s risk policy held by the homeowner - approx. cost during construction.
TBD - Water and sewer tap-in fees (dependent on your homsite location).
TOTAL - $15,400 approx. costs (plus tap-in fees)
*A $12,000 refundable deposit is paid to the ARC once the complete plan package has been approved by the ARC. Of this amount, ½ is paid by the builder and ½ by the owner. This deposit is like a bond and returned to both parties at the end of the project as long as there have been no fines levied during construction.
