The survey on Airpark Home Financial Data will close July 12. Your response is extremely important to helping make this survey as accurate and complete as possible. It will only take a few minutes to complete the questions so please click here to take our survey.
Recently a reader asked about posting figures for airpark taxes, real estate taxes and much, much more. Although it is extremely difficult to accumulate this type of information for all the various airparks around the country, I ran across one item in the Wall Street Journal recently that might be helpful in figuring out the possible taxes a property has levied against it..
The article noted that taxes on a piece of real estate – home, airpark, etc., nationwide averaged around 1% of the property’s assessed value.
That got me to thinking and I checked my own home tax assessment and talked to several other people both locally and in distant places and discovered this was a good rule of thumb. It is always important to check out the tax load on the place you are considering purchasing, but you can probably use this bit of data for early figuring.
Of course, I will look forward to hearing from those who deal with this type of material all the time telling us whether r not this is a valid rule of thumb.
We keep getting requests for updated information about residential airparks. About 10 years ago we requested airpark residents to provide us the following information. When you complete this survey we will be able to update the data and make it much more meaningful to residents, developers and others who need the data. Among those seeking the information are mortgage lending firms, appraisers, real estate people, insurance firms, and, of course, residents or those thinking about moving to an airpark. Please be as complete and accurate as possible.
Have you bought or sold a home on an airpark within the last five years? If you did, the information about the transaction can be extremely important to many people out there wanting to do the same. In the economy of the last few years, factual information from those who actually completed deals are tremendously important. Please complete the following, very short survey so we can compile the real time data and make it available to the residential airpark community.
During EAA AirVenture, several home / hangar owners asked about the proper maintenance on their hangar door. Since they weren’tt the original owner of the structure, they couldn’t find printed material on what they should or shouldn’t do to make sure their doors worked – 0r continued to work – properly.
Figuring others had the same questions, we asked several door manufacturers to send us some information. The first response was received is reprinted below and as we receive additional comments we’ll add them. Read the full story
I’ve been tracking residential airparks for 30 to 35 years now. Over those years I have seen the number of airparks we’ve become aware of increase dramatically. All those airparks have always been there but it took publicizing this type life style to get the flying public really aware of them.
Each year I am surprised by the number of people I speak with at flyins who comment on the idea of living on an airport in a residential community. Frequently a male says he thinks the idea is great “but I can’t get my wife to even think about it.” And yet, the thousands of families living on the more than 600 airparks we have in our directory seem to be happy with their decision.
Until recently the biggest threat to the serenity and enjoyment a lot of people on airparks enjoy has been disagreements about who is going to mow the grass around the runway or whether the monthly assessment should be $50 or $75. Read the full story
We received the following query about soil texture. Please post your comments below.
I’m an extension soils specialist working in Kansas and have received a request for help from a small airport that has many problems with their grass runways. Has anyone ever tried to change the soil texture before? In this case, they want to add sand in order to improve the soil texture and soil strength. Thanks for any help you can give me! I’m going to email Dr. Unruh at the University of Florida now. Thanks. DeAnn Presley.
We received the following from Andre Durocher / Pontiac Airpark:
I am building the Pontiac Airpark with a clubhouse, gym, sauna, pool, spa, tennis court, marina, golf holes. I would like to know if most of the airpark offer amenities like this. Thank you.
So… What type of amenities does your airpark include? Who paid for the creation of any amenities? Was it the developer, homeowners association or some other entity? How are these facilities maintained, both physically and financially? Does the airpark carry property and liability insurance on the amenities? Are there restrictions on the use, ie, can you bring non-resident family and friends on an unlimited basis?
Post your answers below. They can provide valuable background information for other airparks, as well as your own.
Earlier this year, we asked for some data from our subscribers relating to airpark sales activity. The summary can be read here, but we received the following comment from Sweden just today. To read the other comment (13 in total) click here.
We have a magnificent airpark in Sweden where all 45 plots were sold in the time of six months. Now there are a few plots for sale (40 000 USD for a plot that fits hangar and house!) and that is even above the prices they were sold for initially.