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[Item by Item Cost of Dartmouth House] [Loose]
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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 ]