space fees

[Angela]

I'm new to the whole mfg home shopping. My husband and I qualifying for very little in the traditional home market and thought of buying a mfg home. There are great ones well in our price range but I know I need to take into consideration the space fee. How would I find this out? Is there a basic average based on area and the actual space the home takes up?

Thanks,

[John]

I am in a similar situation... I have been trying to find a park in my area that might be resident owned, as opposed to just renting the lot; for a lot of reasons including financing and the ability to have a say about how the park is operated....

Just my 18 cents' worth (that is 2 + interest, inflation, income tax, and insurance)

[Angela]

John,

I think I worded my question incorrectly. I'm trying to estimate at this time what the space fee would be. How does the community owner arrive at a cost. I'm imaging the cost would rise based on the size of your home (single vs double, ect.).

[rmurray]

Just like almost any competitive product in the marketplace..the price will be what ever the market will bear...

Space rental in particularly desired locations can be as high as $1000 per month...to dumps far out in the woods at $50/mo...and everywhere in between..

You will have to shop the market in your area to get any idea about costs..

[Nancy Davidson]

I live in Des Plaines, Illinois and pay $450.00 a month which includes: Lot rent, garbage pick-up, snow plowing, and water.

We have only lived in the park for about a year. When we brought the home, my husband and I were told that the rent would go up about $10.00 a year. This past year- 2003 to 2004 - the rent went up $13.00. Just wondering what is the average rent increase in other mobile home parks?

Nancy Davidson

[Sphinx]

Hard to say in your area, but in my town space rent goes from$140-240 for a double lot, and $85-180 for a single. Just depends on the park. The higher rent doesn't necesarily indicate the nice parks, either.
It's also near impossible to put a mobile in a park around here, if you want into a certain park, you gotta buy a mobile that's already there.

[Nancy Davidson]

Just curious - is that because the park is filled. Also, is it a new park?

Nancy Davidson

[Rod]

Standard Lot=$341/mo., Premium Lot=$361/mo. 425 units located in Cen. Tx. Community owned by a corporate company that owns 18 or so communities up and down I-35 in Texas. Increases for the past 7-8 years have ranged from $12-$15/mo. to $25-$60/mo. Services only include trash pick-up. Started out at $220/mo. summer of '96. Not a happy place to live either! Absolutely no management available or accountable. Rules are open for anyone's interpretation. The park was previously established and purchased by said company back in '95-'96. Park's been in existence since early-mid 70's! Land/Home packages rule!!!