With rising home prices, more and more people are asking about mobile homes as an affordable housing alternative.
Pros of mobile home ownership are you get a house with a yard space for a fraction of the cost, You can enjoy many amenities a mobile home park has to offer, and depending on location, you may possibly see some price appreciation. There are, however, cons to owning a mobile home. The Park management may have a stringent park approval process for buyers and strict regulations for residents. Space rents often increase. And, there is always the risk of park closure and the need for relocation.
Feel free to reach out if you need my assistance in your real estate dealings.
Becky Park of Peninsula Realty Inc. DRE 01404867
(310)938-4989
teambecky@gmail.com
0:00 intro
1:30 annual registration renewal fee vs. local property tax
2:13 mobile home financing
2:46 mobile home parks
5:02 mobile home park closure
6:00 resident owned parks
6:35 mobile home depreciation & appreciation
7:20 mobile home pros and cons
#BuyingAMobileHome #SouthernCalifornia #ManufacturedHomes #MobileHomes #MobileHomeParks
Mobile Home Living in Southern California – Pros and Cons
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