So, the time has come when you are ready to finally make the purchase of a mobile home within the Sunshine State but are not totally sure on what questions to ask or where to start.
Whether this is your first mobile home that you are buying or if you have bought and sold several mobile homes it is important to know the basics of what to look for in your next purchase.
- Where Do You Want Your Home To Be Located?
Generally speaking, there are three ways one can purchase a mobile home:
- On Land In The Country
- In A Park Where You Own The Mobile Home And Own The Land
- In A Park Where You Own The Mobile Home And Lease The Land
Each option has its pros and cons and we, here at The Mobile Home Dealer, are fans of all avenue.
If you are looking at the lowest buy in price you usually will want to look at buying in a mobile home park where you own the home and are leasing the land, however the monthly payment will be the highest.
If you are looking for a lower monthly payment but a higher buy in price then you will want to look at buying a mobile home in a park where you own the mobile home and the land.
Lastly, if you want to buy real estate and don’t want to purchase a single family home or condo then buying a mobile home with the land in the country will be your best option.
2. What Is Your Monthly Budget
As mentioned above, if you want the lowest monthly payment for park maintenance then you will want to look at buying your mobile home in a park where you own the land and the home.
If you want a lower buy in price and a higher monthly payment then living in a mobile home park where you own the home and lease the land will be something you want to look at.
Lastly, if you don’t want any monthly fees paid each month then living out in a more rural area will be your best bet.
3. What Age Of Park
Most mobile home parks will be offered one of two ways:
- Age Qualified
In an age qualified park there will not be allowed to have full time children living in the home. Sure, if you have kids or grandkids coming to visit a few weeks a year then most mobile home parks will not have a problem with that, however if they live with you full time that will cause an issue.
4. What Amenities Do You Want In Your Mobile Home Park
Want a pool, workout facility or dog park? How about tennis courts or a clubhouse with all of the latest technology?
Whatever you can dream up then there is certainly a park that will meet your needs for that.
However, with additional amenities comes additional cost so always make sure to budget that within your monthly expenses.
Buying a mobile home is a major milestone for someone whether it is their first or one of many it is certainly a fun time to be had for all.
When looking at buying a mobile home it is highly suggested you know the answers to the four points above so that when it comes time to purchasing your home you have found the park that meets all of your needs before going any further with the purchase process.
This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.