Have you considered buying a manufactured home in a community or on leased land? Make sure you get approval from the community manager and check out the terms of the land lease. Rules and regulations are going to be part of any community and should be considered prior to making a purchase. Do you have pets? Do you own an RV? How many cars do you have? Do you have a home based business? Can you afford periodic lease increases? What is your credit score? Do you have any felony convictions? These are all questions to ask yourself and consider before you get too far….. Most communities have rules and regulations in place in order to protect your home investment and the other residents of the community. Some managers will enforce community rules and regulations with a little bit of flexibility but never count on it. What is in writing is what counts. This can benefit you greatly when it comes to resale of your manufactured home. If the homes in the community are well maintained, yards are in order, no beater cars leaking oil in the street, no drug activity, and residents have had a tenant screening, your chances of having good neighbors really increase dramatically and so does the resale of your home.
One of the great benefits of owning a home in a community is the land tax savings. You will have a personal property tax on your manufactured home but it is typically much less without land ownership. When you purchase a home in a community you pay a land lease but not a property tax on the land. The owner of the community will typically pay all land tax on the community, maintain roads, street lighting, and the utility access to the community. Most pools, common areas, and clubhouses are also maintained by the community making it possible for you to enjoy nice amenities without the hassle, work, and time for the upkeep. For senior and families alike, manufactured home communities can offer a fun, friendly, safe atmosphere in order to make some great friends, enjoy annual events, and live a life in an upscale community at an affordable price.
Just remember to check out the rules, regulations, community qualifications, and make any purchase or sale contingent on tenancy approval!!!
Work with a professional Realtor who knows manufactured homes. Contact me if you need buyer or seller representation in Idaho.
Jeff Clancy
Realtor, ABR, SRS, E-PRO
web: http://TheIdahoMove.com
email: Jeff@TheIdahoMove.com
208-591-1101
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