Addendum to Grand Rising budget
$2,000,000 for property purchase
Request four wheel drive vehicle with two side door Grand Rising signs
Request $5,000 per month for six months, or first home sale (to be deducted from net profit share)
Grand Rising will charge a design and planning fee to home buyers, ranging from $10,000 to $20,000 per plan
Grand Rising website coming soon
Legal fees, accounting, insurance, and permits…………….$50,000
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Back up plan
In the event green county doesn’t approve our thirty home development, we’ll build seven homes on five acre lots ranging from 6000 to 8000 SF. The homes will be clustered in the center of the property, facing a cul-de-sac, with the backs facing the sprawling landscape
Projected start up cost……….$3,735,000
35 acre tract purchase………$2,000,000
Seven, five acre lots priced at $335,000 = $2,010,000
Advertising……………..$50,000
Infrastructure…………….$250,000
Roads and parking areas, utilities, park, gardens and landscaping
One model home @ 7000 SF……………………………$1,400,000 (estimated building cost)
Surveying and land plan……..$10,000
Legal fees, accounting and insurance………$25,000
Projected gross profit…….$9,800,000
Projected average 7000 SF of structure per lot with 7 lots total, estimated selling price at $400 per SF = $19,600,000
Projected average 7000 SF of structure per lot with 7 lots total, estimated cost to build at $200 per SF = $9,800,000
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To do list
- Create LLC for Grand Rising
Investor, builder and developer listed as equal owners with operating agreement upon investor’s request - Create ein bank account with two party checks
- Purchase property
Request survey and scaled plat from property from owner
Rough land plan lay out provided by Brenda
Final plat of development provided by civil engineer - Design and planning
Country club, model A and model B to start - Permissions and permits from green country
Submit final plat of development
Upon development approval submit planning for model A house plan, followed by model B house plan and country club plan