New Mobile Homes
New mobile homes are a positive calling card for any mobile home park. After all, when prospective new residents come to visit the park, they are not only interested in the amenities and the location of the park, but also in the general atmosphere that prevails within the confines of the fence. After all, this is where many will set up their homes for years or even decades to come, and if there are a lot of new mobile homes on the lot, then the message to prospective tenants is loud and clear
that this is an up and coming park which is attracting a clientele that can afford nice, new trailers. In addition to the foregoing, this also signals that many homeowners there are willing and able to keep up their lots and not only decorate them for the holidays, but to keep them attractive and well kept year round. Last but not least, a plethora of new mobile homes on a lot also promises a good living to the parks owners; after all, these owners of new homes are usually able to afford higher
lot rents.
Conversely, many of the old mobile homes have become eyesores in the sights of many from prospective new tenants to the landlords themselves who find that their parks cannot be marketed as aggressively and positively as they would like. Add to this the fact, that many owners of old homes are simply not able either due to financial or physical limitations to keep up their little plot of land, and you can easily imagine how it is tempting for landlords to force out the owners of old homes so as to
make room for the new mobile homes and their owners.
This is of special concern to the senior citizens - many of whom live in older mobile homes and who are concerned where they could go if their leases are not being renewed. In an effort to bridge the gap between those who will face fiscal hardships should they be asked to move their old homes out of a park and those who sell new mobile homes, many dealers now offer attractive financing and leasing packages that will help residents to upgrade their homes. Granted, residents will still need to cover
quite a few of the expenditures that are related to such an upgrade, yet with the help of favorable interest rates, lease to own deals, and also state programs that help to come up with the relocation costs for those who simply cannot or will not upgrade to a new, the controversy about new homes versus old homes may finally come to a rest. As a matter of fact, more and more housing developers have found that in an economy where new home developments are becoming a risky business, the development of existing
low-income trailer parks to house low income families and seniors usually with the help and subsidy of state funds is actually the new housing development boom that offers profits as well as ethics.
PS
Home Loans is a subsidiary of and operates as a d/b/a under Pacifica South
Bancorp
License # 01219912, California Department of Real Estate (916)
227-0770. Pacifica South Bancorp is not licensed under NMLS and is not authorized to offer Single Family 1-4 Residential Loans at this time.