bkshopr_IHB
New member
[quote author="irvine_home_owner" date=1256260400]I want to do some efficiency ratings using bk's awesome sf bible from this thread (<a href="http://www.irvinehousingblog.com/forums/viewreply/132551/">http://www.irvinehousingblog.com/forums/viewreply/132551/</a>):
Sonoma Plan 3
4/5br 3ba + Cal/Obs Room 2622sf (not sure how much sf the Obs option adds)
bk sf: 2300
2300 / 2622 = 88% B+
This makes sense as they are trying to make bigger areas and the interior of the Sonomas should be huge because my former house was ~2500 sf, had 5 br (one downstairs) and separate living, family, dining and nook.</blockquote>
More chips=lower value ratio.
Why build a smaller house with a bigger yard? The sale price premium for a bigger yard is too little compared to selling more footage.
In addition to efficiency ratio you should also look at FAR (floor area ratio). (Footage+garage)/lot size. 40% is average for tract communities and anything higher means there is not enough of yard, open space and distance between homes. A community would feel and look dense. From a financial perspective the developer would want this number as high as possible.
To give you a sense of what this ratio mean by examples:
Oakknoll 10%
San Marino 12%
Floral Park 15%
Shady Canyon 28%
Woodbridge 30%
Northwood Pointe 35%
Northpark 40%
Balboa Island 50%
Manhattan Beach 55%
Sonoma Plan 3
4/5br 3ba + Cal/Obs Room 2622sf (not sure how much sf the Obs option adds)
bk sf: 2300
2300 / 2622 = 88% B+
This makes sense as they are trying to make bigger areas and the interior of the Sonomas should be huge because my former house was ~2500 sf, had 5 br (one downstairs) and separate living, family, dining and nook.</blockquote>
More chips=lower value ratio.
Why build a smaller house with a bigger yard? The sale price premium for a bigger yard is too little compared to selling more footage.
In addition to efficiency ratio you should also look at FAR (floor area ratio). (Footage+garage)/lot size. 40% is average for tract communities and anything higher means there is not enough of yard, open space and distance between homes. A community would feel and look dense. From a financial perspective the developer would want this number as high as possible.
To give you a sense of what this ratio mean by examples:
Oakknoll 10%
San Marino 12%
Floral Park 15%
Shady Canyon 28%
Woodbridge 30%
Northwood Pointe 35%
Northpark 40%
Balboa Island 50%
Manhattan Beach 55%