We all know how easy it can be to secure a reliable mobile or manufactured home in a leased-land community. However, a challenge arises when it comes to paying for the different mobile home expenses.
These expenses may include monthly rent, utilities, and moving expenses. For those who have a mobile or manufactured home on private property, property taxes and mortgage loan payments are always necessary. Luckily, there are certain mobile home parks where the landlord or property manager takes care of some expenses.
With the rise in mobile home prices starting to emerge in the Sarasota Florida region some Buyers are just now starting to get priced out of buying in this hot mobile home market.
We, here at The Mobile Home Dealer specialize in selling one product, mobile homes on leased land within mobile home parks.
Mobile home on leased land
When a Buyer buys a mobile that is located on leased land then, in the state of Florida, they are technically buying personal property and not real property as the Buyer does not own the land that their home sits on.
Generally, your life in a mobile home park will be smooth if you pay your lot rent on time and adhere to the rules and regulations of the park that are found in the park prospectus. Failure to do so, however, puts you at risk of facing eviction from the community.
One of the few challenges for people buying mobile homes in the Sarasota Florida area is the limited choices due to the lack of new mobile home parks.
Currently, there are over two hundred mobile home parks throughout Sarasota County Florida, most of which have been in existence within the area since the 1960s.
Although Sarasota County does not have the most parks in Florida one needs to wonder, will there ever be more mobile home parks built within Sarasota County?
With the recent rise in real estate prices and the focus on affordable housing now more than in recent years many of the parks in the greater Sarasota Florida area are at capacity and most have very few homes for sale.
So, then, when will more parks be built?
We at The Mobile Home Dealer are not urban planners by any stretch of the imagination, however, we do feel we have a solid understanding of exactly what a mobile home park is and how they interact with the county where they reside.
When we are referring to additional mobile home parks being built in Sarasota County, for this article, we are referring to ones where the resident owns their home and leases the land their home resides on through a monthly payment called lot rent.
By paying lot rent while owning the mobile home, the resident does not pay property taxes as they, technically, do not own the land that their home is residing on.
Since the resident is not paying property taxes then the County in which the home resides is not receiving additional tax dollars to fund the County services that serve all the residents within the County.
What this means is that if a mobile home park has, for example, 100 homes with 2 individuals living in each home then the County is providing services for 200 people who are not paying property taxes to support these city services.
City services could be public libraries, police, fire and paramedics, public school costs, and a variety of additional services that are provided to all County residents by way of tax dollars obtained from property taxes.
Most counties want to make sure that every parcel of land is set to its “best and highest use”.
A mobile home park where the County is not receiving additional tax dollars may not be viewed as the county’s best use if the best use is being evaluated purely on tax dollars generated through property taxes.
Florida mobile home
Another point worth noting is that if one were to look at the Sarasota County maps prior to all the urban development we currently see, one would notice that many of the areas where the larger parks are built were, at one time rural areas.
Through the years following the parks being built the areas have been considerably built up with additional residential and commercial spaces leaving very few additional large plats of land needing to be developed.
Since a mobile home park will take several acres, at a minimum, of land to develop it is not looking like there is any additional land of that size open and available for large mobile home park developments to be completed.
Will there ever be a new mobile home park built in Sarasota County Florida? We can’t tell for certain but we would think that it would not be the most likely of circumstances based on the points addressed above.
The lack of new mobile home parks can also increase the lot rent rates in the existing parks.
The location of a mobile home park also helps determine the monthly rent. For instance, mobile home parks closer to social amenities charge higher rent for their mobile homes. The same applies to mobile homes closer to cities.
Update: “Avoid new manufactured homes if you want to purchase a property at a lower cost.”
The Mobile Home Dealer are licensed mobile home brokers in Sarasota Florida and the surrounding areas. We provide professional buy and/or sell assistance to our clients. If you have any questions, don’t hesitate to get in touch with us by clicking this link. You may also visit our Facebook Page and send us a message.
This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.
See Also:
- Are Traditional Home Loans Available To Buyers Of Mobile Homes In Sarasota Florida?
- What Are The Hidden Costs Of Buying A Sarasota Florida Mobile Home?
- Ready To Sell Your Sarasota Mobile Home? Don’t Forget Your Title!
- Sarasota Florida Snow Birds Are Leaving-Should You Sell Your Mobile Home?
- How Do Mobile Homes In Sarasota Florida Get Lending?