Region IV - North Central
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17th Annual Student Management Competition Preliminary Problem Statement for Residential Division Fall 2009
This project will consist of 78
acres of undeveloped land in Anytown, USA.
The 78 acres of land includes 5 acres of green space or common area
leaving the builder 73 acres that can be developed and improved.
The land will be purchased for $52,600.00 per acre.
Sewer and water are immediately adjacent to this parcel of land and
easily accessible. The parcel of
land is directly adjacent to a main arterial street with interstate access
within a 10 minute drive. Employment
centers are within a 10 minute drive for the closest center and up to 30 minutes
for access to nearly all other common types of employment.
Major shopping and retail centers are within 15 minute’s drive from the
project. Elementary school, middle
school and high schools are within close range as well as a State University
within 20 minutes.
The builder plans the following:
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Single family homes for first time buyers and first time move up buyers
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7 floor plans that range from 1,038 square feet to 1,314 square feet (excluding
basement)
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Basements are standard in all homes
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The base price ranges from $75.00 to $80.00 per square foot without lot costs
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The proposed lot size is 52’ x 110’
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The target density is 3.82 units per acre
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All homes are specified with base grade materials with the expectation that
buyers will choose between 10 and 14 percent of the purchase price for optional
upgrades
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Building permit fees will be approximately $2,500.00 per home
The expectation is that the
entire site will balance between cuts and fills during the development phase and
will not require additional haul-in or out of earth.
All homes will be built current
building code with quality materials but not premium grade to allow buyers
choose the level of upgrade options that will allow them to personalize their
home to the level that will allow them to remain within their individual price
range.
The builder must provide a
feasibility study or proforma to the lending institution to secure the funding
necessary to purchase and develop the land as well as the financing necessary to
build and sell the homes.
If you are in need of any further information please contact the ASC Region IV Competition Coordinator
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Send mail to
cberryman1@unl.edu with
questions or comments about this web site.
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