I think that’s a great idea!

I had also thought that our group should have a TV show to educate the public.

Love to see one of those breakdowns.

Also, does everyone feel that “home Inspections” have now become a standard cost for a home buyer? I’m being told that most Attorney will not take a closing on a home without a home inspection?

Mark R Thibeault

CRE Source, LLC

P.O.Box 161

1705 Peach Brook Road

Newbury, VT  05051

(802) 363-8835

From: vtdevelopment@simplelists.com <vtdevelopment@simplelists.com> On Behalf Of Benjamin Avery
Sent: Wednesday, January 9, 2019 4:48 PM
To: vtdevelopment@simplelists.com
Subject: [VT Dev] Fees

Happy 2019 All,

We have been absorbing the proposed changes to ACT 250 as many of you have been this past week. In reading the BFP article this morning, one of the items that is noticeably missing from any of this coverage, is the continued increase in cost that is incurred by developers and passed to consumers.

As we look at goals and changes for 2019 one consideration is adding a “fee disclosure” process to our new home construction. Basically, at each new home closing we would disclose all of the permitting and impact fees (as well as appeal costs, if applicable) associated with the unit. There is a fundamental lack of understanding on the publics part, of the direct consumer impact from growing costs of development in Vermont and this concept is a quick and easy way to start the conversation. These fees are basically a tax on consumers and we think that people might actually take more interest in these matters if they had an understanding that 10 or 20k of their home cost was in fact making its way to municipal and state coffers.

We view this as a “community education” process, we feel that the consumer should know what they are paying for. So much time in the new home process is spent on balancing costs of kitchens, baths, floors, upgrades, etc… It never comes up in the process that a Prime Ag fee (for example) might be costing 1-2% of the global cost of the home.

What do people think of this? Would other builders be willing to do the same? We would welcome feedback, thanks!

Best Regards,

Benjamin Avery
Vice President, Development
BlackRock Construction
m: 802.316.0004
a: 68 Randall Street
South Burlington, VT 05452
w: BlackRockUS.com
e: Ben@BlackRockUS.com

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