The
MANUFACTURED HOUSING GLOBAL NETWORK
Home     Privacy & Security     Contact Us    
 
What do you want to know about manufactured housing?
Manufactured Housing Web Search
Home Search     Forum Search     Business Search    


Financing   Buy A Home Sell A Home Repair & Renovation Free Classifieds   Forums Books Insurance

Land Lease Community & Sub-Division Cumberland RI

Whether you should build a land lease community or a sub-division depends on several factors: your investment objectives, cash & credit resources, market conditions, target buyer demographics, etc. Read on for an in-depth answer to this question.

Full Service Real Estate
(401) 475-9897
110 Armistice Blvd
Pawtucket, RI

Data Provided by:
Keller Williams Realty Northern RI
(401) 651-1519
628 George Washington Highway
Lincoln, RI
 
Rent Prov Realty Inc
(401) 223-2222
165 Atwells Ave
Providence, RI

Data Provided by:
Prudential Realty
(401) 331-8277
549 Branch Ave
Providence, RI

Data Provided by:
Padric Meagher Real Estate
(401) 751-7610
426 Benefit St
Providence, RI

Data Provided by:
Butterman & Kryston Inc
(401) 521-9490
749 East Ave
Pawtucket, RI

Data Provided by:
RESIDENTIAL PROPERTIES
(401) 688-5556
140 Wickenden St.
East Side of Providence, RI
Office Hours
24/7

Domain Properties Llc
(401) 331-7100
1 Davol Sq
Providence, RI

Data Provided by:
Cb Richard Ellis
(401) 831-5840
1 Financial Plz # 1420
Providence, RI

Data Provided by:
Wescott Properties
(401) 421-5300
178 Broadway
Providence, RI

Data Provided by:
Data Provided by:

Building a Land Lease Community vs a Sub-Division

Building a land lease community vs a sub-division
Wed 03/19/08 09:45:12 pm
by Ed Hicks

I am an experienced boulevard retailer, however due to a shortage of homesites in my market area, my sales have slowed somewhat. With an impending recession and an expected relatively high demand for affordable housing, I have decided to become a developer, but I am not sure what kind of community to build. What are the advantages and disadvantages of building a land lease community vs a sub-division? Beth T., Lima, OH

The answers depend on several factors: your investment objectives, cash & credit resources, market conditions, target buyer demographics, etc. If you have limited cash and credit, most retailers new to development will parcel off tracts of land into building lots, and sell them without improvements to buyers. Before a home is installed on a lot, however, the seller or buyer has to arrange for utilities. This usually means arranging for a well & septic tank. Finding land which has the proper zoning is usually allowed in more rural areas, and land use regulations may require relatively large lot sizes, often a 1 acre or more minimum size. By the way, offering lots for sale without improvements across state lines may be a violation of the Interstate Land Sales Act. See your attorney for relevant registration requirement. As the lots are sold off, the cash flow may be used to acquire more land, etc., sort of "bootstrapping" your way along while building up your cash reserves with each lot sale.

If you have more cash and credit, it is often best to build a small subdivision where the streets and utilities are provided to each homesite. Development costs are usually higher, and getting approvals may require zoning and site plan approvals which often involve hostile public hearings. Resulting lot sizes are usually smaller, with yields of 2.5 to 5.0 per acre depending on setbacks, street widths, etc. Advantages over the rural, large unimproved lots are: easier to sell, less rural areas, and the home/land package may be eligible for 30 year financing at site built home rates ...

Click here to read the rest of the article from mobilehome.com


© Copyright 2008 Express Network Solutions
Manufactured Housing Global Network

Page Cached @ Tuesday, 18th January, 2011 @ 02:00am

Served by checkov .xpr.com
@ 02:01:59