Relocatable Homes

Viewing 6 posts - 1 through 6 (of 6 total)

Jester2
Member
@jester2
Join Date: 2003
Post Count: 2
December 29, 2003 - 1:57 pm
Hi there
Could someone please shed some light on what to be wary of when looking into Relocatable Homes, that are located with caravan parks.
Is it easy to find permanent rentals? Are there expensive running costs associated? etc…
Or are they genuine opportunities for positive cashflow in close proximity to the city?
Thanks
redwing
Participant
@redwing
Join Date: 2003
Post Count: 2,733
December 29, 2003 - 9:14 pm
As i understand it the ‘main’ downfall is that you never own the land the property sits on, so you pay for it up untill the day you die/sell.
The owners can periodiacally increase rent of the land and it’s expensive to relocate the house, having said that you may find somewhere you can purchase thge land component, remember- land appreciates, property depreciates
Do your research and maybe even stay at the site to see what the neighbours and other people in the area are like, strike up a conversation with some of the long term tenants etc..
REDWING
everdine
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@everdine
Join Date: 2003
Post Count: 119
December 29, 2003 - 11:20 pm
Hi Jester,
I agree with Redwing and would add this caution…
I am speaking about SA the state I know when I say that…. at the moment many of these homes are highly priced for what they are. As the demand for this type of home has increased for reasons of convenience, security and the facilites provided, many are being sold at higher than value price for their location. This has been happening with on-site vans also. So do careful research and sums, so you know exactly what you are paying for. On the whole relocatables are easy to maintain and repair. Maybe check out prices of new ones and compare that to the on-site ones.
Hope this helps,
Diane
petels
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@petels
Join Date: 2004
Post Count: 1
January 29, 2004 - 5:12 am
How the heck do you find a relocatable home that’s for sale in a park? I’m stumped !
Erika
Member
@erika
Join Date: 2002
Post Count: 151
January 29, 2004 - 5:14 am
Petels
Try looking in the paper they are in my local paper all the time
js2
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@js2
Join Date: 2003
Post Count: 758
February 5, 2004 - 8:06 am
I seen one in Echuca the other day!
‘Holdiday Maker’, they called it. $22k and you rent it for $50 a week.
Seems the caravan park owner was in the best position.
It’s didnt work out to be CF+. I didn’t look into it mutch more after the RE Agent said you have to live in it. And the owner couldn’t rent it.
After just travelling around a bit, i seen dozens of those Jayco mobile unit style homes, in caravan parks. I guess they sell these to rent in some cases, in parks.