The best choice of your home living

Posts Tagged ‘Park’

When you hear the words “mobile home”, what do you immediately think? Hillbillies with rebel flags in their windows? The show “Cops”? Sure, that’s the stereotype, but the truth is that a large number of Americans– about 20 million of them–live in mobile homes. And the demographic make-up of this group is not much different from normal residential subdivisions and apartment complexes.

Another little-known fact about this niche is that you can make excellent returns by investing in them- with amounts as low as $5,000 to $10,000. Returns in the neighborhood of a steady 10% to 20% per year. Compare that to your current successes in the stock market and the rate on CDs at your neighborhood bank and you’ll see that those type of year-over-year returns are really pretty extraordinary.

So how do you invest in in this area successfully?

Get an understanding of the product.

Mobile homes are not constructed like the type of traditional “stick-built” housing that you are more familiar with. For example, a mobile home has no load-bearing interior walls. It is like a shoebox–only the exterior walls are load bearing. In addition, the utilities normally follow certain “troughs” that grant for easy access. You can find some cut-away drawings of mobile homes on the world wide web and you will be shocked at their simplicity. This simplicity, however, pays huge dividends when it comes to fixes and remodeling. Unlike traditional home construction, a mobile home grants for an amateur to do a perfectly fine job.

You should go to a local dealer and achievement through some homes–including some older trade-ins that are probably at the back of the lot–to get a feel for what the product is.

Get an understanding of what the customers’ needs are.

These type of homes are the least costly form of detached housing in the U. S. As a result, they appeal to lower-income Americans- often folks who acquire minimum wage. This group is not almost as demanding as buyers with higher earnings who are looking at much more costly housing options. That’s not to state that they have no standards, because they do. But their standards are much lower and much easier to satisfy. Many of the cosmetic issues that you would find objectionable in a $100,000 home are perfectly fine in a $10,000 mobile home. These include stains on flooring, surround taping and bedding, calibre of paint job, condition of appliances, etc. These reduced expectations make the investor’s life much easier, as it takes less to make this type of investment ready for sale, and it is much easier to meet the demands of the customer.

You should look at some of the mobile homes for understanding in the newspaper to see what is offered in your market, as well as the price points. You will be astonished at how “rough” many of the offerings are, and how low the price points are.

Team up with a mobile home park owner.

Many owners would love to work with investors to purchase and sell homes in their parks. These types of relationships are essential, as a successful investor will need certain concessions from the park owner to ensure that they get a good return on their investment. These concessions include free lot rent at any time that the home is vacant, help on marketing the home, and sometimes financial bonuses for apiece home sold.

Start small and add-on based on performance.

The proof is in the pudding. Begin off with one investment in a mobile home- maybe $10,000 to purchase one home. From this one investment, you will learn a tremendous amount about the process, from choosing a decent home to marketing and real-life profit and loss. A normal deal will have a return on your money of 10% to 20% per year. There are certain instances when you will have a much higher return- 50% or more- but these are rare and should not be taken as the norm. Anything less than 10% is objectionable and you should examine what you did wrong and learn from it.

When you “partner” with a mobile home park owner, they will take a vested interest in your success and your odds of making a higher return are much greater.

Conclusion.

There are few options this day that offer 10% and greater real returns on your investment dollar. One of the safest is mobile home investing. It’s a easy product that appeals to a easy customer. It is not subject to changes of technology that render it useless, or to changes in taste that make it no longer attractive. It has been around, undisturbed, for over 60 years.

Jeff Foxworthy makes very funny trailer park jokes. COPS has a heyday filming scenes of intoxicated people at some of the worst mobile home parks in the U. S. But you have to comprehend that these are promotional stereotypes–and not the norm. The normal mobile home park resident is just a regular mortal making their way through life–and offering you a very handsome return on investment.

by George

The neighborhoods in the town of Oak Park near Thousand Oaks reflect the Mediterranean climate of this area near the Santa Monica Mountains. The heat of summer days is tempered by the cool ocean breezes that blow in from the west, and winter temperatures are rarely uncomfortable. The airiness and steady sunshine lend easily to backyard patios, decks, spas, and a general enjoyment of outdoor pleasing and pride in property.

Oak Park residents seem to take a certain pride in their green spaces. The town is comprised mainly of single family homes and private townhomes, separated by plenty of parks and greenbelts running along the streets and surrounding residential divisions. A good selection of native and imported flora is evident in the oaks and elms nestled in among the palms and ground cover, and lawn designs of all shapes and sizes finish this portrait of California suburban living.

This scenario results in a great variety of methods of landscaping Oak Park. A one-of-a-kind aspect about Oak Park is that many streets and green spaces are owned and cared for by the community itself, which puts forth an admirable effort in the maintenance and replenishing of the variety of floral and grass species that highlight the parks and roadways. This fervor in landscaping Oak Park carries over into the homeowners associations and private residences, where creativity in design is reflected most.

The individually-owned homes and townhomes feature traditional and not-so-traditional approaches to landscaping Oak Park. Even though commonly-shared property lines will often be demarked by wood or metal fencing, the view from the backyard of apiece residence is as one-of-a-kind and diverse as the people who live in them. The entire town seems to be in a landscaping frame of mind, as older designs of brick walkways and vine-covered chain-link fences give way to more tasteful textured concrete surfaces and slat fences of fresh redwood and cedar.

Many areas of the town rest on a foundation of clay soil, which can cause some drainage problems if not addressed properly. Some homeowners are responding to this issue by re-grading and even removing some of the soil, replacing it with creative concrete work and innovative drain systems that protect the home while giving the yard an inspired anaplasty that only increases the value of the property.

Even the smaller backyards of townhomes can take on a spacious and artistic feel with some careful forethought and thorough planning. The shared fencing that generally separates these types of residences can be dressed up with smart half-walls and planters that add a lot of ambience without taking up a lot space, which is important in a limited area. Easy cinder block designs become classy sitting areas for guests when capped with stone or manufactured faux-stone products. Patios and pathways of concrete slab textured with intricate designs and color-matched to emphasize the exteriors of the yard can bring the whole design together in an easy-to-do and easy-to-maintain manner. These are just a few of the creative ways in which the residents are landscaping Oak Park.