Miscellany

1 MIN READ
The price of a typical new California home includes over $18,000 in impact fees, utility charges, and land dedication costs, according to a survey taken by the National Association of Home Builders (NAHB). Impact fees, which were initiated in California in the 1970s, have increased in four years (1983 through 1987) from $1,715 to $4,268 for typical new single-family homes, NAHB says. When building fees, utility fees, and other charges are added, the fees have increased in four years from $5,792 to $11,807 for a typical house. In addition to those fees, the cost of land dedications and reservations is now $6,819 per single family house, NAHB says. The survey, which compiled information supplied by 203 California home builders, did not gauge how much this

Register to download and view this article

Get your copy

No recommended contents to display.