Best Property Investments In Florida
August 11th, 2005
Question: Is a mobile or manufactured home a good buy in Florida compared to regular homes?
I’ve been looking at home prices and although many homes have been reduced in price it seems that mobile and manufactured homes are much less expensive and I’m wondering if that would be the best investment for someone like myself who doesn’t have a lot to invest right now. I also noted that property taxes are next to nothing for these homes and that makes it even more attractive. Do some come with land ownership?
I’m getting a sense that these types of homes don’t make Good Investments since they tend to lost value rather than appreciate, but I’m thinking they could be rented out to cover most of the payments and I could still use it as a vacation home , something like having a time share. That’s one I was told by one person who’s selling one.
Answer: I’m no expert, but I believe that these homes usually don’t come with land. So (1) they are worth less and (2) you may be kicked off the land.
It could be a good buy for living in if it is in a safe location. I wouldn’t buy it as an investment property. Land increases in value much more than the actual house.
[Edit] Sellers aren’t exactly unbiased resources, are they…
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