Is buying a 10 year old manufactured home in a decent neighborhood a good idea? what is advantage and disadvantage of buying a m home to buy and rent?

Asked by Farzad K, Toronto, OH Mon Mar 26, 2012

what should I know before buying?

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Tammy Hayes, Agent, Port Charlotte, FL
Mon Mar 26, 2012
There are many mobile home parks scattered across Florida. You need to be aware of the differences. There are land-lease parks which are more economical and there are resident-owned parks for a more permanent home. Land-leased communities often sell out to developers as land becomes more valuable. You still own your home and can move it to a new park if this happens, but the cost of transporting the home can be too much for some and they are forced to sell. Be aware and ask the park about this and what your rights are if the park is sold. You should check your agreement.

Many of the parks are for over age 55 and are so-called Mobile Home Retirement Communities. A manufactured home is called a mobile home when it is built before June 1976. After that date, it is called a manufactured home. Many communities have a mixture of ages.

Why would you want to live in a mobile home park? Most people that choose this style of living enjoy the convenience and the low maintenance around the exterior of the property. No more grass cutting, which is a plus at retirement age. It is an efficient and economical way to live comfortably while staying active. Mobile homes are easy to take care of and provide a comfortable living space. Some have small sun rooms and patios. Another major attraction are group activities at the park's clubhouse such as social events, card games, bingo, pool, dances, shopping trips, and more. Some of the parks also offer golf, tennis, a swimming pool, golf trails, and bike trails.

Mobile homes come in a variety of sizes and styles. You can get a 2 bedroom or even a 4 bedroom. Many of the newer homes have the same amenities as a single family home such as ceramic tiled floors, stainless steel appliances, granite counters and large great rooms for entertaining. There is something for everyone. If you are interested in mobile home parks in this area, contact me at I would be happy to send you some information or show you some homes.

Tammy Hayes, Realtor
Green Lion Realty, Port Charlotte, FL
0 votes
Kazma, Home Owner, Florida
Tue May 29, 2012
Get back to me with your cell phone number so that i can text you and talk to you in private
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Anna Frantz, Agent, Columbiana, OH
Mon Mar 26, 2012
Sometimes banks won't finance a manufactured home even if it's set on a basement. For Ohio, they are extremely hard to finance. I would questions your lending institution before hand. This may help your decision.
0 votes
Ian Price And…, , Davie, FL
Mon Mar 26, 2012
There are numerous factors to consider. Just a few might be: do you own the land? is there a lot fee? how much is lot fee? Other factors are: what type of owner are you going to be? Local owner? Snowbird? Is it a 55+ Community? Much to consider when buying any kind of real estate.
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