Proposal for 213 sq. ft. addition

D.R.E.A.M.101 WHITE COLUMNS DRIVE

The Facts

• Proposal for approval and funding for a 213 square foot addition to the property known as 101 White Columns Drive

• House has been on the real estate market for one calendar year

• Viewers indicate a desire for fourth bedroom

• Neighborhood statistics support expansion

101 White Columns Drivehas been upgraded to make it competitive with new build homes.

All Photos and charts courtesy of Laura Bohon of D.R.E.A.M.

Addition of Hand-scraped Asian Walnut Floors

All Photos and charts courtesy of Laura Bohon of D.R.E.A.M.

New Carpet in all Bedrooms

All Photos and charts courtesy of Laura Bohon of D.R.E.A.M.

New Granite Countertopsand Tumbled Marble Backsplash

All Photos and charts courtesy of Laura Bohon of D.R.E.A.M.

New Stainless Steel Appliances

All Photos and charts courtesy of Laura Bohon of D.R.E.A.M.

Space for Home Office

All Photos and charts courtesy of Laura Bohon of D.R.E.A.M.

Market Evaluation for Executive Neighborhood in the 31088, 31047 and 31008 zip code.

Exhibit 1: Sales of 4/5 bedroom homes in this price range versus three bedroom homes.

3 bedrooms 4-5 bedrooms0

5

10

15

20

25

30

35

All Photos and charts courtesy of Laura Bohon of D.R.E.A.M.

Two Options

Ground Floor• Survey• Moving Septic System• Pouring Foundation• Additional Roofing• Match Brick & Mortar• Loss Yard Space• No Space for Pool• Possible delays due to

weather

Second Story• Hip Roof provides space• Needs beams for live load• Addition of Dormer Window• Addition of Stairwell• Stairwell placement in

Formal Living Room• Additional Walk-In Attic

Storage

Proposed Location of New Bedroom and Walk-in Closet

Proposed location of New Stairwell

All Photos and charts courtesy of Laura Bohon of D.R.E.A.M.

Maintenance vs. Construction Costs

Maintenance Expenses Construction costs$0.00

$2.00

$4.00

$6.00

$8.00

$10.00

$12.00

All Photos and charts courtesy of Laura Bohon of D.R.E.A.M.

Home Value

With ConstructionAs Is

215,000.00

220,000.00

225,000.00

230,000.00

235,000.00

240,000.00

245,000.00

250,000.00

255,000.00

260,000.00

Chart Title

Home Value

All Photos and charts courtesy of Laura Bohon of D.R.E.A.M.

Return on InvestmentSquare Footage of Homes in White Columns Neighborhood

Square Footage

2100-24002400-32003200-5000

All Photos and charts courtesy of Laura Bohon of D.R.E.A.M.

Conclusion

• Recommendation of Addition Placement on Second Story

• Neighborhood Statistics Support Additional Square Footage

• High Return on Investment• 10 Week Turnaround Time• Quick Sale = Higher Profit

Bibliography• Bibliography• (n.d.). Retrieved 05 18, 2010, from Houston County Georgia Tax Assessors Office: http://www.qpublic.net/ga/houston/• • Association of Energy Engineers. (n.d.). AEECenter. Retrieved 05 03, 2010, from http://aeecenter.org• • Cost Estimates for Adding a Room. (n.d.). Remodel Estimates. Retrieved 05 03, 2010, from http://www.remodelestimates.com• • Engineering News Record. (n.d.). Retrieved 05 03, 2010, from Engineering News Record: http://enr.construction.com/• • International Code Council. (n.d.). Retrieved 05 03, 2010, from International Code Council: http://www.iccsafe.org/Pages/default.aspx• • Likes, V. (2009). Manage Your Remodel and Save Money ! Upper Saddle River, NJ: Creative Homeowner.• • National Association of Home Builder. (n.d.). Retrieved 05 03, 2010, from http://www.NAHB.com• • Remodel Or Move. (n.d.). Retrieved 05 18, 2010, from Remodel or Move: • http://www.remodelormove.com• • Timber Framers Guild . (n.d.). Retrieved 05 03, 2010, from http://www.tfguild.org/• • US Department of Housing and Urban Development. (n.d.). Retrieved 05 03, 2010, from http://www.hud.gov• • Window & Door Manufacturers Association. (n.d.). Retrieved 05 03, 2010, from http://www.wdma.com/•

• All Photos and charts courtesy of Laura Bohon of D.R.E.A.M.