ANNUAL OPERATING EXPENDITURES FOR AN AVERAGE CABIN AT LCR AS
COMPARED TO COSTS FOR A SMALL COTTAGE IN THE NEW BUFFALO AREA
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Click here for PDF version
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LCR
Cabin Cost |
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New Buffalo
Cottage Cost |
Annual LCR membership fees
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$1,800 |
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N/A |
Cable TV cost
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Included in Fees |
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$516 |
Chikaming Township sewer & water
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Included in Fees |
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$480 |
Grass cutting, fertilization, tree pruning, etc.
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Included in Fees |
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$1,000 |
Garbage pickup
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Included in Fees |
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$240 |
Amenities maintenance -- pools, lodge, playgrounds
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Included in Fees |
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Not Available |
Extrerior staining of cabin -- log siding, porch, lattice, etc.
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Included in Fees |
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$700 |
Wireless high speed internet access (Main Lodge)
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Included in Fees |
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$600 |
Property taxes
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Included in Fees |
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$5,500 |
Electric usage for your cabin
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$300 |
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$600 |
LP gas cost if cabin is winterized (for range and furnace)
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$120 |
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N/A |
Natural gas cost
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N/A |
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$400 |
Average insurance cost (will vary depending on cost
of cabin and other factors)
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Resort activities -- bands, bingo, cookouts, etc.
(rarely an additional charge)
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Included in Fees |
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Not Available |
Safe roads for walking and biking
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Included in Fees |
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Maybe |
New family friendships created through
resort community living
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Priceless |
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Not Available |
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Total Annual Operating Expenses |
$2,670 |
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$11,236 |
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÷12 mo |
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÷12 mo |
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Total Monthly Operating Expenses |
$223 |
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$936 |
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Financing Expenses on a Cabin at LCR
Based on a $125,000 cabin and site license cost with
$50,000 cash down payment
Cabin loan payments (based on a 12 year $75,000 loan)
Financing Expenses on a small cottage in Michigan
Based on a $250,000 small cottage cost with $50,000
cash down payment
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$830 |
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x 12 mo |
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| =$9,960 |
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$1,300 |
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x 12 mo |
Mortgage Payments (based on a 30 year $200,000 loan) |
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=$15,600 |
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TOTAL Monthly Operating Expenses and Finance Cost |
CABIN $1,053 |
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Cottage $2,236 |
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| All above numbers are based on projected 2008 operating costs and financing costs for a typical cabin at Lakeside Cabins Resort. These should be used for comparison purposes only and may not be the exact cost of operating a cabin. |
