GRANITE LAW
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GRANITE LAW |
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Moo-Land Rouge Development Services Don't let the whimsical name fool you. We are a serious land development group with a unique approach. "We leave it in the hands of the landowner," said Roy Weddleton, an attorney and developer. "Clients often come to me and ask advice on what to do with their land. I tell them, 'The best economical return is to develop it yourself.'" The reality is most individuals lack the time, the money, the expertise and the "stomach" to face the intricacies of land development. Consequently, most land is simply sold to a developer at its raw land value and the developer does what he or she wants with the land. Moo-Land has a different approach. We obtain approvals for a subdivision according to what the landowner would do if he could. We pay all the costs for obtaining an approved subdivision and share the increased value of the land (because of the approved subdivision) with the landowner. The landowner typically makes about twice the raw land value. Since we do not buy any land and the landowner typically has no mortgage, there is no pressure to maximize the development. More recently, we have focused on 55 year old and older developments that provide towns with a mix of housing that actually generates a positive tax return for the town. The ideal client is someone who has a real love of their land and usually continues to reside on the property. This system works for owners that want to maintain control, maximize return, and have minimal risk. We would be happy to talk with you anytime about your land or the land of one of your clients. For example: If the raw land is valued at $20,000 for each approved lot, it is possible those lots would sell to a builder for about $55,000 each after final planning board approval. Moo-Land is first reimbursed for the actual out-of-pocket development costs (estimated $4,500 per lot); the landowner receives the $20,000 per lot he could have received by just selling the raw land; the balance ($30,500) is split between the landowner and Moo-Land. In this example, instead of receiving $20,000 per lot, the owner makes $35,250 per lot. It is a win-win situation. For an example of what Moo-Land can do for you, look over a typical development designed by Moo-Land, which is a quality, environmentally sensitive, yet economically rewarding, development at Spruce Hill Homes. If you would like to know what Moo-Land can do for you or if you have a specific question about this subject, feel free to call Attorney Roy Weddleton at (603) 228-1151 or e-mail him at roy@granitelaw.com. |
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Home | About | Expertise | Attorneys | Clients | Tidbits | News | Cases | Contact | Site Map  Jordan, Gfroerer & Weddleton - Attorneys at Law Four Park Street, Suite 405, Concord, NH 03301-6329 v: 603.228.1151 f: 603.224.2686 e: info@granitelaw.com w: granitelaw.com |
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