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 Rochester NH

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 House Real Estate
(603) 755-3993
10 S Main St Ste 2
Farmington, NH

Data Provided by:
Mariner Realty
(603) 397-0005
54 Main St
Durham, NH

Data Provided by:
Town Square Realty Group
(207) 324-2860
4 Washington St
Sanford, ME

Data Provided by:
Sharon Tara Transformations Home Staging
(603) 661-8524
10 Regina Road
Portsmouth, NH
 
Lets Own Com Realty Group
(603) 679-9658
629 Calef Hwy
Epping, NH

Data Provided by:
Atrio Properties
(603) 749-9860
468 Central Ave
Dover, NH

Data Provided by:
Century 21
(207) 384-4008
96 Portland St
South Berwick, ME

Data Provided by:
Masiello Commercial Div
(603) 319-0082
40 Pleasant St
Portsmouth, NH

Data Provided by:
Sue Ricker Real Estate
(603) 430-9643
75 Court St
Portsmouth, NH

Data Provided by:
Ann Cummings - New Hampshire Real Estate
888-349-5678 x 3839
RE/MAX Coast to Coast
Portsmouth, NH
 
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