By Luisella Alfonsina. Home Plan. Published at Tuesday, April 24th, 2018 - 14:32:22 PM.
Outdoor Fireplaces. Outdoor fireplaces have reached flashover – taking off throughout the country, even in warm environs. Why? They are an inexpensive way to create a frequently used amenity. We probably do more outside than inside fireplaces, says Binkley, who primarily works in Florida.
Construction Cost. NOT including soft costs: $169,000 for 1550 Sq ft + 400 Sq ft garage, or about $87/ sq. ft. Land and soft costs ran about: $100,000. Architectural design and survey: $12,000; architect charge to make changes: $5500.
Once tenants move in, they pay minimal rent and utilities (e.g. $300 a month rent for a 300-square-foot home and an estimated electric bill of less than $35 per month). After three years, tenants are offered a contract to rent to own their homes within four years. This lengthy process is designed to help residents become disciplined about bill paying and the responsibilities of home ownership.
“We wanted to develop a program that would help people obtain a significant asset so that we weren’t just ending homelessness for people but actually providing the opportunity for them to climb out of poverty,” Fowler explains. “Owning a house means collateral for a loan, or something to sell and/or an asset to leave to a child or children.” Plus, new construction hasn’t been seen in this neighborhood (which includes numerous abandoned buildings and empty lots) in a while, although CCSS has rehabbed some buildings in the area. The budget for phase one of this project is $1.5 million, and $900,000 has already been committed, including $400,000 from Ford Motor Company.
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