Manufactured homes are generally owned individually however "rent space" is paid to the mobile home park association. Most often times you'll see basic cable, water, garbage included in the space rent. PGE is added to the monthly space rent. Mobile homes are now called "manufactured homes". Back in the day, "mobile homes" could be towed into the space and to own one you would go through a similier process you would as buying a motor vehicle with DMV. These days mobile homes are called manufactured homes and they are brought in on a truck usually in two pieces and sit on a real concrete fondation like a single family home. Pros to owning a manufactured home is just that, you own it! Cons to owning one is there is usually a high space rent which is not desirable to most. When it comes to equity and looking at them from an investment mindset, they usually simply hold thier value with the possibilty of moderate gains in a hot sellers market but in a soft market may even have the potencial to go down in value slightly, not usually anything drastic. Feel free to contact me for more info.
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Information last updated on 2019-01-19.