Manufactured housing communities are usually areas where residents own their homes and rent the land from a proprietor.
The park may offer various amenities, pools, clubhouse, tennis courts, and community activities. Communities could have established restrictions, such as age requirements for retirement living. Properties may be utilized for income, tax relief, and appreciation. Consult with your tax/financial advisor about specific tax and financial advice.
These communities are typically characterized by the total number of lots. Fully serviced lots may include electrical, sewer, and water. Lots may also be seasonal. The land is most often rented on a yearly lease, but communities may offer day or week terms, as well.
In studying manufactured housing communities we will include a review of the financials as well as occupancy rate and geographic location. Proximity to parks, highways, and cities, as well as other factors, may contribute to the overall value of the property.