LandDevelopment - Reducing Land Development Costs 2008 Page...

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Unformatted text preview: Reducing Land Development Costs 2008 Page 1 Reducing Land Development Costs References: _________. 1992. Affordable Housing: Development Guidelines for State and Local Governments. US Department of Housing & Urban Development, Washington, DC. HUD-PDR-1343. February 1992. _________. 1993. Proposed Model Land Development Standards and Accompanying Model State Enabling Legislation, 1993 Edition . US Department of Housing & Urban Development, Washington, DC. HUD-006212. _________. 2007. Study of Subdivision Requirements as a Regulatory Barrier . Report for the US Department of Housing & Urban Development. Prepared by the NAHB Research Center, Upper Marlboro, MD. November 2007 Land development costs have continuously risen through the years as new regulations have been imposed. Shown in the following table is the cost of lot development based on a rather detailed 1992 study in Wisconsin. The costs shown in the table represent 2008 dollars that were adjusted from the 1992 study to the present using the Consumer Price Index inflation adjustment. Table 1: Lot Improvement Costs in 2008 Dollars 2008 DOLLARS Lot Setback Street Curb & Sanitary Storm Water Street Side 1992 2008 Width width Gutter sewer water supply walk total cost total cost* 60 50 27 $496 $3,876 $2,698 $1,444 $1,369 $543 $6,910 $10,426 66 50 27 $546 $4,072 $2,843 $1,589 $1,506 $598 $7,391 $11,152 80 50 27 $661 $4,527 $3,184 $1,925 $1,826 $724 $8,515 $12,848 100 50 27 $827 $5,177 $3,671 $2,407 $2,281 $905 $10,120 $15,270 120 50 27 $992 $5,827 $4,158 $2,888 $2,737 $1,086 $11,724 $17,690 130 50 27 $1,075 $6,153 $4,401 $3,129 $2,966 $1,177 $12,527 $18,901 180 50 27 $1,488 $7,778 $5,619 $4,332 $4,107 $1,630 $16,539 $24,955 200 50 27 $1,654 $8,428 $6,106 $4,813 $4,563 $1,811 $18,144 $27,377 The next table shows the costs of each improvement expressed as a percent of the total improvement cost. Clearly, the developer should concentrate on the sanitary sewer and storm water control to reap maximum benefit. Table 2: Lot Improvement Costs as Percent of Total Costs Lot Setback Street Curb & Sanitary Storm Water Street Side Width width Gutter sewer water supply walk 60 50 27 4.8% 37.2% 25.9% 13.8% 13.1% 5.2% 66 50 27 4.9% 36.5% 25.5% 14.2% 13.5% 5.4% 80 50 27 5.1% 35.2% 24.8% 15.0% 14.2% 5.6% 100 50 27 5.4% 33.9% 24.0% 15.8% 14.9% 5.9% 120 50 27 5.6% 32.9% 23.5% 16.3% 15.5% 6.1% 130 50 27 5.7% 32.6% 23.3% 16.6% 15.7% 6.2% 180 50 27 6.0% 31.2% 22.5% 17.4% 16.5% 6.5% 200 50 27 6.0% 30.8% 22.3% 17.6% 16.7% 6.6% Source: Minimum zoning regulations adopted by Waukesha County municipalities, average local improvement costs. University of Wisconsin, Milwaukee Urban Research Center Reducing Land Development Costs 2008 Page 2 This report is one of the few studies that examined the costs of individual regulations....
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This note was uploaded on 08/27/2011 for the course BCN 4023 taught by Professor Stroh during the Spring '11 term at University of Florida.

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LandDevelopment - Reducing Land Development Costs 2008 Page...

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