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Land Lease Community & Sub-Division Juneau AK

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.

Re/Max Of Juneau
(907) 789-4794
Jordan Creek Center Ste 2198800 Glacier Hwy
Juneau, AK
 
L A Nails
(907) 789-3085
9105 Mendenhall Mall Rd
Juneau, AK

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Re/Max Of Alyeska Inc
(907) 783-2010
Hightower RdPO Box 1029
Girdwood, AK
 
Re/Max Dynamic Of The Valley
(907) 376-4515
892 E USA Cir #100
Wasilla, AK
 
Re/Max Of Homer
(907) 235-7733
412 E Pioneer AveSte 100
Homer, AK
 
Alaska Premier Home Staging
(907) 952-4331
PO Box
Juneau, AK
Prices and/or Promotions
www.alaskapremierhomestaging.com

Re/Max Of Ketchikan
(907) 225-6191
2506 First Ave
Ketchikan, AK
 
Re/Max Of Juneau
(907) 789-4794
Jordan Creek Center Ste 2198800 Glacier Hwy
Juneau, AK
 
Re/Max Of The Peninsula
(907) 283-5888
10672 Kenai Spur HwySte 109
Kenai, AK
 
Re/Max Associates Of Fairbanks
(907) 452-6387
529 Fifth Ave #200
Fairbanks, AK
 
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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 ...

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