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120358604
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[Item by Item Cost of Dartmouth House] [Loose]
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120358604
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[Item by Item Cost of Dartmouth House] [Loose]
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Records of the Council on Environmental Quality (Clinton Administration)
Kathleen McGinty's Files
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42-t-7432005-20120769F-Seg1-018-020-2017
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FOIA Number: 2012-0769-F
FOIA
MARKER
This is not a textual record. This is used as an
administrative marker by the William J. Clinton
Presidential Library Staff.
Collection/Record Group:
Clinton Presidential Records
Subgroup/Office of Origin:
Council on Environmental Quality
Series/Staff Member:
Kathleen (Katie) McGinty
Subseries:
OA/ID Number:
17806
FolderID:
Folder Title:
[Item-by-Item Cost of Dartmouth House]
Stack:
Row:
Section:
Shelf:
Position:
S
61
5
4
2
ITEM-BY-ITEM COSTS OF THE DARTMOUTH
LAND DEVELOPMENT COSTS
1988
1993
Raw land
$28,000
$40,000
Taxes, fees, insurance, permits
950
2,220
Engineering
1,300
1,950
Soil testing
300
400
Letter of credit
250
350
Lot clearing
1,000
1,200
Erosion control
500
700
Sanitary and storm sewers, water mains
6,700
7,200
Paving, curbs and gutters
6,600
7,000
Electric hookup
100
200
Street sign
20
50
Retaining wall
200
0
Final subdivision approval
700
700
Overhead
350
500
Interest
3,000
3,500
Contingencies
2,600
2,800
Siltation control
100
300
Foundation conditioning
250
350
Miscellaneous
6,080
2,260
HOUSE CONSTRUCTION COSTS
Water and sewer fees, permits. inspections
$3,805
$7,089
Excavation
1,570
2,616
Concrete foundation
5,114
5,810
Concrete basement
3,399
3,851
Water and termite proofing
300
340
Steel
218
311
Wall panels
3,938
6,287
Plywood and lumber
2,944
5,317
Roof and floor trusses
4,382
5,344
Interior and exterior trim
2,964
3,798
Windows and doors
4,131
4,887
Stairs
334
414
Carpentry
7,700
8,395
Roof shingles
1,408
1,607
Gutters and downspouts
351
420
Aluminum siding and shutters
2.057
2,950
Plumbing
5,465
6,300
This Richmond American-built Dartmouth model house costs about $239,
Heating and air conditioning
4,150
4,540
Electric wiring
3,542
3,732
Insulation
1,486
1,650
Drywall
5,656
5,962
Stair rails
560
768
Anatomy of a N
Garage door
431
478
Ceramic baths
1,209
1,395
Painting
2,358
2,600
Case Study From Builder Richmo
Cabinets, counter tops and appliances
4,253
5,099
Finish hardware, doorknobs
1.002
1,242
Vinyl floors
1,060
1,235
By Jeanne Cooper
against a gre:
Carpeting
Washington Post Staff Writer
sales since 19
1,974
2,560
Landscaping and sodding
1,128
1,937
For Richm
Ah, the balmy days of 1988: A new four-bed-
Asphalt driveway
800
950
even year, 1:
Screens
room, 2½-bath house with two-car garage in west-
582
1,027
break-even in
Mailbox
em Fairfax County sold for only $196,900 but gave
47
75
it," Pellerito S
Final cleaning
225
the builder a profit of 5.6 percent. Today a buyer
395
must pay $239,900 for virtually the same house
Buyers, ho
Contingencies
2,350
2,350
and the builder turns a 5 percent profit.
sentially the S
Interest costs and overhead
9.459
8,218
0
That represents an improvement over the last
In 1988, P1
Masonry fireplace
3,644
Wood trim package
1,017
few years for Richmond American Homes, the Fair-
with a break
0
fax-based builder that supplied the figures. Rich-
build and sell
RICHMOND AMERICAN HOMES' COSTS
mond American President Thomas J. Pellerito,
at the Hastin
whose company builds homes in Maryland and Vir-
cently, he ret
Sales commissions
$5,907
$7,197
ginia, said sales and profits tumbled in the housing
lyze the costs
Buyers' closing costs
2,954
3,598
recession after reaching an all-time high in 1988.
Dartmouth m
Deferred marketing
2,500
2,700
"In 1988 we delivered 900 homes in Virginia;
development.
Advertising
3,938
4,398
this year we'll deliver about 800. The low point was
Over the la
General administrative costs
11,814
12,894
about 300 in 1991, although we picked that up
land develop
Income tax
7,374
8,755
somewhat by delivering some more in Maryland,"
each rose by
Profit
11,061
12,068
Pellerito said.
A standard m
TOTAL
$196,900
$239,900
Since profits rise when fixed costs for develop-
age, which W
ment, administration and marketing can be spread
model, bring t
- 1988 1993
% increas
- Raw Land
28,000 40,000
42.86
- Taxes, fees,
950 2220
insurance, permits
133.68
- Electric horkup 100 200
100.00
- Water { Sewer fees 3805 7089
86.31
Wall panels 3938 6287
59.65
/ -Plywood { Lumber 2944 5317
80.60
- Roof { Floor trusses 4382 5344
21.95
Interior { ext. trim 2964 3798
28.14
334 414
23.95
- Stairs
- Landscape { Sod 1128 1937
- Carpentry
7700 8395
9.03
71.72
-Screens /
582 1027
76.46
]