OKC Pulse September 2013 | Page 17

ASSUMED PROFITS Can I guarantee how much a builder will make? No. This example is assuming the builder will only pick up 5 more builds. Keep in mind, currently there is no competition. The builder can mitigate basement cost by many means in other areas of construction, beginning with smaller lots because the home’s footprint will be smaller yet doubling square footage. Allowing for more homes in the development. This is going to be a case of smart builder(s) recognizing a niche market and dominating it without being greedy on the front end because it will payoff in volumes on the backend. BUYER CAN’T AFFORD SAME HOUSE WITH BASEMENT As seen on our profitability slide, there was a $5,000 in ??????????????????????????)?????????????????????????????????????????????????????????%??????)??????????????????????????????????????????????????????)??????????????????????????????????????? ?????????????????)?????????????????????????????????????????????????????+?q??????????t)51L? =I?????????????????????????????????q????????t??????)??????????????????????????????????????????????????????)??????????????????????????????????????????????????????)%?e???????????M??????????????????????????????????!??????M?????)????????????????????????'?e????????????????????????????????)51L? ???????????????????]??????????????????q?????)???????t???????????????????????????????'?e??????????????????)?????????????????????????????????????)9=P?YIe=9?]9QL?? M59P?Q????Q?????????????????????)???????????????????????????????I? ??????????????)??????????q=???????? ???????t?Q????????????????????????e?????)??????????????????????????????????????????????????)???????????Q????????????????9=P? %9?%11?+ ??????L??]??????? ??((