With all the talk about the new Covid-19 Delta variant one needs to ask themselves if buying a mobile home within the Sarasota Florida area is a good idea at this time?
The direct answer to this question is YES!
Mobile homes on leased land in Florida are great investments regardless of what time of year it is, what is going on in the world of what the real estate market is doing.
The reason for this is because mobile homes on leased land in Florida are viewed as and taxed as personal property and not real estate. What this means is that these mobile homes come with them a title and not a deed when they are purchased. This is the exact same way a car is being purchased or sold in the state of Florida.
Mobile homes on leased land provide a much lower cost of ownership with a pre set rental amount needing to be paid by the owner of the home to the park each month for lot rent. These lot rent payments that are paid usually cover the homes water, sewer, trash, lawn care and usage of the park amenities. By having all of these expenses already laid out at the front of the year this allows the home owner a more set way of budgeting their monthly bills without the constant up and down costs seen when paying these amounts on their own.
When owning a mobile home on leased land it is not required for the home owner to pay property taxes as they are simply paying a fee each month to use the land that their home is located on and not physically owning it themselves. This allows the owner of the home an additional large money saving opportunity each month.
Mobile homes also benefit from the fact that they are so cheap to fix and maintain. As such most mobile home owners who own their home on leased land do not carry a full coverage insurance policy as it is much cheaper to have the home covered with a liability policy and then pay cash for any and all repairs that are needed.
Additionally, with the dramatic rise in real estate prices throughout the entire country it is making purchasing a single family home, condo or town home harder and harder for the regular person. One can look at the huge rise in prices being a direct result from the lack of inventory of homes currently for sale in the market. With record high building material costs being at an all time high as well it is making a new home build even more expensive than ever before.
Buying a mobile home on leased land throughout the Sarasota Florida area is a great way to purchase your own property while not being exposed to the high real estate prices or building material costs that all other home types are facing at this time.
If you have never considered this option of living, feel free to give us a call here at The Mobile Home Dealer any time and we will be more than happy to walk you through all of the additional benefits this way of living provides.
This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.