Project Development Options:
Contract Build or Renovation: Van Manna Homes completes your project from demolition stage through to new home possession stage. You decide on your Building Specification package and home design; Van Manna Homes then gives a set price to build as well as estimated timeline.
Cost Plus: The land owners have control of the budget, home design, and building specifications. Van Manna Homes manages the construction of the project. Be prepared for a longer possession timeline than option 1 as this scenario can be more time consuming. Management fees are based on cost plus a percentage on all aspects of the build.
Joint Venture between Builder and Landowner: Van Manna Homes and land owners agree mutually on a marketable home design and Building Specification package. The land owner contributes the land at a fair market value. The Builder contributes the project construction and management at a determined value. Holding costs after construction are the landowner’s responsibility. Once the new home sells each party is repaid the contributed values and the remainder is split 50/50.