I keep reading and reading all the posts and no one really says why stay away from a mobile home park. Couldn't someone just eventually move the home to private property.
My situation is that we keep dumping money into places with no pay back (Our family lives in SE Michigan). I figured to save money we find a mobile home (we may need a co-signer due to financial difficulties) stay a few years in a park and move it to land when we are in a better financial situation. Am I looking at this dumb or what?
Thanks for listening Barbara
Mobile Home Parks
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WendyCal
Re: Mobile Home Parks
Hi, Barbara!
Gosh, i read your post the first day it was up, and restrained myself from posting back because i'm a newbie here and figured that you'd have more stuff to read than the law allowed! lol Guess i was wrong...
My thoughts on the downside of Parks are this:
1) They usually try to shoehorn the homes in, so you'd better get used to knowing all the particulars of your neighbors lives.
2) Most Parks have pretty stringent rules regarding what you can and cannot do and/or have on the lot, which gives you all the heartburn of Renting, with all the financial responsibility of Owning.
3) From what i've seen here in Austin, TX, lot rents run about the same amount per month as buying a nice little piece of land ~ $350 - $400 / month.
Having said that, i also see a definite UPside to putting your home in a Park:
1) You're only obligated to remain on the lot for the term of your lease ~ something to think about if you should ever want to move the home. We're going through a recession here in Austin, and lots of folks are losing their jobs and needing to get on down the road. Unfortunately, if they've tied the home to a piece of land, interested buyers are going to be substantially less in number.
2) The neighbor thing ~ if you have the neighbors from hell, you're pretty much Stuck like Chuck. i don't believe that a Community can actually force someone off of their own land, regardless of what the contracts might say.
The truth is, unless you're a retiree, whose income is not affected by the fluctuations of the economy, a land/home sounds like a bad idea to me... (Just my humble opinion...)
Best of luck to you, whatever you decide!
WendyCal
Gosh, i read your post the first day it was up, and restrained myself from posting back because i'm a newbie here and figured that you'd have more stuff to read than the law allowed! lol Guess i was wrong...
My thoughts on the downside of Parks are this:
1) They usually try to shoehorn the homes in, so you'd better get used to knowing all the particulars of your neighbors lives.
2) Most Parks have pretty stringent rules regarding what you can and cannot do and/or have on the lot, which gives you all the heartburn of Renting, with all the financial responsibility of Owning.
3) From what i've seen here in Austin, TX, lot rents run about the same amount per month as buying a nice little piece of land ~ $350 - $400 / month.
Having said that, i also see a definite UPside to putting your home in a Park:
1) You're only obligated to remain on the lot for the term of your lease ~ something to think about if you should ever want to move the home. We're going through a recession here in Austin, and lots of folks are losing their jobs and needing to get on down the road. Unfortunately, if they've tied the home to a piece of land, interested buyers are going to be substantially less in number.
2) The neighbor thing ~ if you have the neighbors from hell, you're pretty much Stuck like Chuck. i don't believe that a Community can actually force someone off of their own land, regardless of what the contracts might say.
The truth is, unless you're a retiree, whose income is not affected by the fluctuations of the economy, a land/home sounds like a bad idea to me... (Just my humble opinion...)
Best of luck to you, whatever you decide!
WendyCal
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WendyCal
Re: Mobile Home Parks
Oh, yeah! There was one other thing on the downside list for the parks:
What do you do when the owners decide to sell the park? Finding another convenient park, moving your home, and getting it RE-setup could be a major undertaking, not to speak of the costs of another 'Park Package.' i think i read that about 11 states offer no legislation that would protect a lot renter from arbitrary eviction, nor from an unreasonable Notice to Vacate because of the change of ownership. If that Notice to Vacate states that you must remove your home within 30 days, you could LOSE it due to having to abandon it because you couldn't find another spot to park it, or didn't have the several thousand dollars it would cost to move it. Before renting your lot, be sure to check your state's laws concerning this. i found information for Texas at: www.consumersunion.org. Other states may be listed, as well.
Good luck!
WendyCal
What do you do when the owners decide to sell the park? Finding another convenient park, moving your home, and getting it RE-setup could be a major undertaking, not to speak of the costs of another 'Park Package.' i think i read that about 11 states offer no legislation that would protect a lot renter from arbitrary eviction, nor from an unreasonable Notice to Vacate because of the change of ownership. If that Notice to Vacate states that you must remove your home within 30 days, you could LOSE it due to having to abandon it because you couldn't find another spot to park it, or didn't have the several thousand dollars it would cost to move it. Before renting your lot, be sure to check your state's laws concerning this. i found information for Texas at: www.consumersunion.org. Other states may be listed, as well.
Good luck!
WendyCal
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