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Land-Lease Communities Billings MT

This page provides useful content and local businesses that can help with your search for Land-Lease Communities. You will find helpful, informative articles about Land-Lease Communities, including "The Hicks System a new Star Community Rating System". You will also find local businesses that provide the products or services that you are looking for. Please scroll down to find the local resources in Billings, MT that will answer all of your questions about Land-Lease Communities.

Swift Building Lofts
(406) 839-2266
2605 Minnesota Ave. #201
Billings, MT

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Re/Max Of Billings
(406) 896-2200
1250 15th St W
Billings, MT
 
1st Realty / Big Sky Bid Real Estate
(406) 839-9031
1202 Central Avenue
Billings, MT
 
Roger Beeter Real Estate
(406) 245-2346
1001 S 24TH St W
Billings, MT

Data Provided by:
Hauf Appraising & Associates
(406) 698-2994
3001 62nd St. West
Billinsg, MT
 
Re/Max Experts
(406) 656-9999
2646 Grand AveSte #2
Billings, MT
 
Big Sky Property Solutions LLC
(406) 665-5436
1109 N 22nd St
Billings , MT
 
Summit Home Mortgage, Inc.
(406) 652-3444
1925 Central Ave
Billings, MT
 
Lichen Properties
(406) 652-8510
1908 9th St W
Billings, MT
 
Tour America
(406) 248-7481
2220 Old Hardin Rd
Billings, MT
Models Available
Toy Hauler Rentals

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The Hicks System a new Star Community Rating System



The Hicks System a new Star Community Rating System
Thu 05/19/05 11:50:35 pm
by Edward Hicks

While assisting clients in finding qualified m/h land lease communities for purchase as buyer’s agent, I have found it necessary to keep a numerical score which will allow a comparison between the communities.  Although many investors and other professionals refer to a community as being from 1 to 5 stars, they are merely rating a park on a scale of 1 to 5 without any specific criteria to go on. 

 

The older “5 star” system which was originally designed by Woodalls Publication has long ago become obsolete.  For more background on the obsolete system, read “The Whole Star Story” from the November 2004 issue of the Journal.  It is also at:   www.mobilehomepark.com/TheWholeStarStory.html

 

My client and I subsequently devised a simple 100 point system for performing a relative comparison of various communities which are being considered for acquisition, based on a set of 8 community characteristics. 

 

Weighting factors have been applied to each category which are designed to indicate the person doing the rating’s preferences.  It may be adjusted by each user to reflect different weighting factors.  As used here, of course, the values selected are strictly subjective.

 

Other factors which are not included here which will also affect relative community evaluation are: Income/expenses, market location, market demographics, market demand, area economics, competitive community occupancy levels, apartment rents and occupancy, single family entry level home prices, etc.

 

1.       Condition

 

Overall condition of the community including it’s initial appearance when first encountered.  Pride of ownership of resident’s homes, clutter in yards, non-passenger vehicles on sites,

 

2.       Amenities

 

The level of community amenities, including, but not limited to community center, pool, tennis courts, basketball court, fishing lake, golf, lake or water front, arbor cover, etc.

 

3.       Sites

 

Values determined by the size and orientation of homesites, from large parallel to perpendicular, all the way down to obsolete (will only take RV units or older smaller units which are generally out of production.

 

4.         Homes

 

Rating is based on the size, quality, and condition of the homes within the community.  Value includes accessory structures, and their condition.  Rental homes are generally a negative.

 

5.         Parking

 

An impo...

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