Mobile home parks, or manufactured home communities, are a vital part of the housing stock in today’s market. Unfortunately, it can be tricky for investors to secure financing for these properties, even though the can be lucrative opportunities. Here are some ways to make the mobile home park financing process smoother.
Fair market value is defined as the price at which a property would change hands between a willing buyer and willing seller, neither under duress, both with full knowledge of the property and market. But how is that number determined? And why should you care?
Here at Capstone, we track the apartment projects in our local market so we can better understand how the future value of existing stock may be affected. Here, we share the results of our yearly summary.
In recent years, a shift has occurred in the housing industry as builders are increasingly turning their attention to smaller homes. This change is not just a design preference, but a response to the soaring costs of construction. As prices continue to rise, builders and homeowners alike are reevaluating the concept of space, finding innovative ways to create functional and aesthetically pleasing dwellings within a more modest footprint.
Many Baby Boomers are looking to rent instead of own. Here are some things to consider in order to tailor to this discerning resident.
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