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Land-Lease Communities Emporia KS

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 Emporia, KS that will answer all of your questions about Land-Lease Communities.

Re/Max Select Realtors
(620) 343-9800
116 W 12th
Emporia, KS
 
Prudential Emporia Realtors
(620) 342-3100
701 Commercial St
Emporia, KS

Data Provided by:
Re/Max Royal
(620) 663-9900
1716 E 30th Ave
Hutchinson, KS
 
Re/Max First Realtors
(913) 338-1880
11251 Nall Ave
Leawood, KS
 
Re/Max Realty Centre
(316) 634-1313
3500 N Rock RdBld 100
Wichita, KS
 
Cress Real Estate
(620) 343-9300
417 Commercial St Ste 1
Emporia, KS

Data Provided by:
Griffin Real Estate
(620) 273-6421
305 Broadway St
Cottonwood Falls, KS

Data Provided by:
Re/Max Select Realtors
(620) 343-9800
116 W 12th
Emporia, KS
 
Re/Max Advantage Realtors
(785) 825-5200
415 E Iron
Salina, KS
 
Re/Max Manhattan Realtors
(785) 776-4488
2304 Sky-Vue Lane
Manhattan, KS
 
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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