Nowadays, mobile home parks are popping out left, right, and center. The variety of options just keeps increasing. There is everything from parks with age restrictions to ones with every amenity under the sun like pools and gyms.
It's all about finding the perfect place to set up your dream house. To help you do this, we will cover six categories of mobile home parks that you can consider.
First, there are some basic features that you need to know about the parks. Most importantly you need to be aware of the different tenancy agreements that you can enter into with the parks. This is typically regulated by their rules. Some parks might exclusively offer one type of occupation, but others might have a variety of options.
Some of the most common mobile home parks are those that retain ownership of both lots and mobile homes. So as a tenant, you will rent both from the owners of the property.
Another possible agreement is that you only lease the land from them. But you should buy a home yourself that you can park here. If the park is open to it, they might allow investors to install houses here that they can then rent out on their own terms.
Now and again you will find a mobile home park that is run along the lines of more traditional real estate complexes. This can allow you to buy both a house and a lot. So they will be in your name. However, the park is still run by some type of board of trustees who can determine and manage the rules or regulations.
Choosing a mobile home park is a big deal. It will become a central part of your life and lifestyle. So you might as well take the effort to do some planning. You want to make sure that you choose the ideal park for you and your household.
Are there any kids in your household? Do you own any pets, or are you getting any soon? How much money can you pay for the park in a month? Which amenities would you like to have access to?
How long do you want to stay in the park? What type of atmosphere do you enjoy? Is the appearance of the park vital to you? How much outdoor space do you need? Is it essential for you to become part of a close-knit community? What size lot do you want? Are you concerned with how close together homes are?
Whenever you visit prospective locations, you should take this list of questions with.