For more information please call Gorial Realty LLC at 1-(866) 66 PARKS 1-(866) 667-2757

A "D+" Park is:       

A "D+" is a community that is typically old all the way around. you may see decent roads in a D+ community however, do not be surprised if you have roadways that are in immediate need of repair. In the case of a D+ it may not be all of the roads but some of them that are in need of immediate repair. There are certainly small lot sizes here and there is typically not a lot of room to get homes in and out.  Pads in this community are typically out of date as they may be grand fathered in from when the community was originally built. Electricity in this community more than likely is out of date on the lots that are not occupied. The lots that are occupied could have out of date electric facilities as the tenant occupying such a lot has been there for several years. What happens is, time goes by and overtime ordinances change. Sooner or later the electrical infrastructure that supplies the home is not up to par. Something to be extra cautious of in the case of a rental park or a park with rentals. In the case of a primarily owner occupied park the number of updated lots with respect to electricity is an indicator as to the historical fill rate as most towns will require the out of date lot to be brought up to the current codes or standards when one home leaves and another comes in. This park will typically not have sidewalks, most homes in this mobile home park for sale will have homes older than thirty years old. This community will typically possess a below average occupancy and payment history, however in the case of a D+ community, you may very well be looking at a D community that has a set of rules that are not being enforced. This community will almost always have a high expense factor. You will notice in this case and communities with a rating of this caliber and less that the number of tenants who rely on the government or some type of agency for economical assistance is greater than communities that are nicer than this. This is obvious when a tenant cannot afford paint, or a new door or some other relatively minor home improvement. There is nothing wrong with owning a community like this as long as you know what you are getting yourself into. This park will have older water lines and older sewer lines. This park will typically have a simple entrance and sign.  There are usually no amenities in a "D+" park. You will see some missing skirting in this type of community. The difference between this park and say a "D" maybe the difference between vacancy factors, or a superior location or some other factors such as private systems etc. A "D+" park will typically be a community with a below average pride of ownership with tell tale signs of the pride of ownership slipping further in the wrong direction if something is not done to turn it around. The D+ requires at least 3-5 years to bring it to a C+ with excellent management in place. You always need to make sure you understand the hidden expenses in this type of community. The key to doing this is to perform a good due diligence.

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For more information please call Gorial Realty LLC at 1-(866) 66 PARKS 1-(866) 667-2757