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!
Buying a mobile home during the Covid-19 pandemic can be a better idea than you think. Above all, you can consider the factors that you can take advantage of in the negotiation, to make your investment profitable.
Mobile homes are not only a safe alternative to expand and protect your investment. They also represent an excellent opportunity if you need to obtain future liquidity.
Whatever interest, before buying you need to identify the keys to satisfactory negotiation. Discover the aspects you should consider if you plan to invest during the current situation.
Covid-19 surprised the world and imposed a new dynamic in everyone’s life. And so far, it is difficult to predict when the pandemic will end or what scope it will have while evolving.
This new reality, without a doubt, forces us to reassess the most important decisions, including the purchase of mobile homes. This is with the purpose of identifying opportunities that allow the protection of our investments as much as possible.
Investing in the purchase of a mobile home in the middle of a worldwide pandemic can certainly generate uncertainty. Many people fear placing their money in an investment when they do not know if it will be capitalized or lost value.
But there is an element that can provide tranquility to buyers at this time. And, acquiring a property in the middle of COVID-19 is financially more accessible than before the pandemic. How is this possible?
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 that 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 home’s water, sewer, trash, lawn care, and usage of the park amenities. Having all of these expenses already laid out at the front of the year allows the homeowner 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 homeowner 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 homeowners 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, the dramatic rise in real estate prices throughout the entire country it is making purchasing a single-family home, condo or townhome harder and harder for the regular person. One can look at the huge rise in prices is a direct result of 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.
Buying a mobile home is a safe alternative to protect your investable funds. The surplus value offered by the property makes the money remain protected in times of crisis.
COVID-19 undoubtedly has led to changes and uncertainty in all areas. However, the real estate and mobile home housing sector is one that has preserved stability amid the volatility of markets.
Buying a property at this time is a successful decision. It is a tangible investment that you can use to generate liquidity in the future without the fear of depreciation.
This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.