Whether you prefer a single wide, a double wide, or a modular home might not make that big of a difference. What might be more important to you is whether or not you own the land your mobile home sits on. Both have advantages and disadvantages as well. When you own the land and the mobile is your primary residence, you might qualify for a homestead exemption in the State of Florida - in return you will have to pay property taxes. Mobile homes on rented land do not qualify you for an exemption but you also don't have to pay property taxes in return. From a financial point of view, it might be worth figuring out which is more feasable for you.
Many folks hesitate buying a mobile on rented land. What I mostly hear from buyers is "What if the parks gets sold?" Your best bet is to look at the park itself. Some parks have rented AND owned land, which would make it very hard for the park owner to sell the park. It might also be worth talking to the park owner in person when considering "rented land".
Sunday, May 11, 2008
Subscribe to:
Post Comments (Atom)
1 comment:
We adore Andrea and you can't imagine how easy she made our recent purchase of a double-wide in beautiful Tropical Harbor (Lake Placid, FL). We're so lucky to have found her. And since you're reading this, so are you!
Teri Crane
Boca Raton/Lake Placid, FL
Post a Comment