Let me know if you have any questions.
#1 Listing and Selling Agent
Keller Williams West Los Angeles
I must concur with the other responses that have been given. When you purchase a mobile home you don't necessarily own the land (this is very rare), instead you will lease the lot your mobile home sits on. But usually these situations are mobile homes in parks. You will want to choose your park carefully to ensure it has all the amenities you are looking for. Usually the taxes on a mobile home are not too expensive. Just compare your total cost of the mobile home, space rent, taxes, and insurance with what an apartment would cost in the area. If the apartment is more affordable then you may not want to purchase the mobile home as it will more than likely be more difficult to sell down the road.
I hope this information helps and best of luck to you.
Michael G. Grimm
Mobile homes can be a great deal if you choose your park carefully. You'll want one that is well maintained and screens the residents well. You can enjoy the pools and amenities. You'll have more space than an apartment and the freedom that comes with home ownership without the high cost of purchasing the land along with the house. Also taxes are extremely low on a mobile home.
Beware of high space rents!!!! A high space rent can make your mobile home very unattractive to new buyers. Check the other parks in the area so you know what the market rent is and also compare it to the local apartment rental market. If your space rent is almost as much as a comparable apartment rent you could be stuck with a mobile home for a long time.
I specialize in Orange County mobile homes and I'd be happy to answer any other questions you have on mobile homes. Feel free to give me a call.
There are other things to think about regarding MH living. The park owner can evict you for violating park rules, for example, even though you own the unit. You can also be evicted for late payment of your space rent, and in most parks the park owner can raise the space rent whenever s/he chooses.
MH ownership is a hybrid type of residency -- it's part rental and part ownership. Be sure you understand the full ramifications of MH ownership before you buy.
If your Manufactuired home is in a MHP and you pay space rent as a tennant and decide to move, you'll have to sell your home because most all MHP's forbid renting of any kind. The buyer must qualify to become a tennant, so it's essential that buyers are qualified to become tennants so getting a new tennant package that details the eligibility requirements is very important.
The space rent is determined by the location of the property, the ammenities and general condition of the MHP. Some MHP's are very restrictive in size, are poorly maintained and managed, consequently rents are generally lower. So choosing a MHP is as critical as choosing a neighborhood, isn't it?
Another consideration is the amount of rent a new tennant must pay to become a resident. It is not uncommon that a new tennant must pay several hundred dollars more than a current tennat is paying, which most often makes it challenging to sell a manufactured home. Some MHP's offer 1, 5, 10 year lease arrangements or even month to month, so it all depends on a buyers circumstances, doesn't it?
The correct answer is: "It depends". MOST mobile home parks charge you a monthly "space" rental for the ground your coach sits upon. A select few parks bought their land and each owner owns the land they sit on.
( Kind of like a condominium ownership of common grounds.)
Your best bet is to talk to the people ( hopefully an agent.) selling you the coach, or to other "owners" in that park. Good luck in your new home.