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Land-Lease Communities Eagle ID

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 Eagle, ID that will answer all of your questions about Land-Lease Communities.

Re/Max Elite Properties
(208) 377-2999
10062 W Fairview AveSte 120
Boise, ID
 
Re/Max Town & Country
(208) 888-9971
850 E Franklin RdSte 409
Meridian, ID
 
Re/Max Advantage
(208) 466-0002
5680 E Franklin RdSte 100
Nampa, ID
 
Reverse Mortgage Expert
(208) 409-8887
7639 W. Riverside Dr Ste 100
Boise, ID
Office Hours
Always open

The Lawson Company Real Estate Professionals
(208) 249-6660
1110 N Five Mile Rd
Boise, ID
 
Re/Max West
(208) 375-9700
12501 W Explorer DrSte 100
Boise, ID
 
Re/Max Capital City
(208) 344-7477
1420 W Washington St
Boise, ID
 
The Mannign Carter Bain Real Estate Professionals
(800) 848-3750
8050 W Rifleman St Ste 100
Boise, ID

Data Provided by:
Churchill, Lance - Frontline Seminars
(208) 672-1038
9474 W Fairview Ave
Boise, ID

Data Provided by:
States Realty
(208) 322-5600
6874 W Fairview Ave
Boise, ID

Data Provided by:
Data Provided by:

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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