Information on an innovative housing opportunity that promises to be
“small enough to be affordable but large enough to be comfortable” ©
Our Proof of Concept:
While the principals have spent many months and countless hours visiting various manufacturers who might supply the needed homes for all of our communities one of the highest level priorities since inception was to find land suitable to build the proof of concept.
A proof of concept will do exactly what its name entails. It will allow the company to prove that we have not only found the best modular manufacturers but that they do indeed provide a quality, livable home that meets the most stringent requirements for wind load, exceptional value, and quick placement in our community. Of course the right supplier will also have a price point that allows for maximum return on investment.
A proof of concept will also allow us to ensure that we know what to do and how to properly (and cost effectively) do the following things needed for any homes we place:
- Purchase land
- Obtain surveys and other needed items before closing
- Obtain title insurance on the land
- Do site clearing and initial prep (in many areas in Florida there are local requirements that need to be met and of course there are State and Federal requirements as well.
- Build adequate foundations for all homes (we anticipate overbuilding the foundations)
- Install water, sewer (or septic) for waste, electrical, and other needed utilities.
- Do proper (extensive) landscape and hardscape thereby providing the best value for owners of our homes
- Close on homes insuring proper profits for the company
To that end the principals have personally visited and viewed dozens of potential building sites for not only the smaller proof of concept but properties suitable for our much larger future community.
For the proof of concept we were looking for two to four building lots on which we could place two to four homes. We also looked at properties in the hundred of acres and while not ready to purchase (until the public offering is completed) many good contacts were made when it comes to purchasing larger pieces of land in the areas we want to build.
While lots for the proof of concept proved to be unrealistically priced on the East Coast and the middle of Florida we did find that the Port Charlotte/Punta Gorda area on the West Coast provided very good opportunities.
In four trips to the area a list of potential land purchases for the proof of concept was developed. Once the LLC had been initially funded and cash purchases could be assured the LLC made an offer on three lots (on 0.45 acres) in the Punta Gorda area.