Prerequisites

Before you complete the tasks in this section, you must:

• Set up communities.

• Set up plans and, optionally, phases.

• To project the most accurate cost and revenue estimates, verify that this information is available:

  • Allocated cost estimates, including land and other off-site costs.

  • Direct cost estimates, including base house and option.

  • Overhead cost estimates and the method of allocation.

  • Sales and marketing cost estimates and the method of allocation.

  • Initial plot map.

  • Projections about plan mix.

  • Revenue projections, including base house revenue, lot incentives, and options.

  • Other miscellaneous costs and revenues for which you must account.