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 Manhattan KS

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 Manhattan Realtors
(785) 776-4488
2304 Sky-Vue Lane
Manhattan, KS
 
Prudential Copeland & Company Realtors
(785) 539-1455
601 S 5th St Ste B
Manhattan, KS

Data Provided by:
Re/Max State Line Real Estate
(913) 649-3100
10200 State Line Rd
Leawood, KS
 
Re/Max Advantage Realtors
(785) 825-5200
415 E Iron
Salina, KS
 
Re/Max Partners
(913) 871-7377
105 E Amity
Louisburg, KS
 
Realty Executives Weis Real Estate Company
(785) 539-9333
2316 Anderson Ave
Manhattan, KS

Data Provided by:
Re/Max Excel
(785) 856-8484
1420 WakarusaSte 203
Lawrence, KS
 
Re/Max Select Realtors
(620) 343-9800
116 W 12th
Emporia, KS
 
Re/Max First Realtors
(913) 338-1880
11251 Nall Ave
Leawood, KS
 
Re/Max Action
(913) 721-5400
134 N 130th
Bonner Springs, KS
 
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