Mobile Home Parks 101.ORG
Brought to you By Gorial Realty LLC, Leaders in the Mobile Home Park Industry.
Learn more about Mobile Home Parks for sale.
When considering mobile home parks for sale it is essential to understand the nice park ugly park factor and the impact that the pride of ownership has at the time of sale. Similarly to the small park big park factor, the nicer the park the easier to sell and the mobile home park listed for sale which is rough and tumble is going to have a tough time to sell at a good price. You as a buyer need to choose what type of a a buyer you are. You need to carefully think out your buying criteria as you factor into the equation, your strong points, weak points and exit strategy for ownership.
The one thing that seems to be common denominator among parks that have a poor pride of ownership is the density. This is not the case every time but more often than not the mobile home communities that your will find for sale that have small lots and are packed in like sardines are typically the not so nice mobile home parks. The parks that you see that have the larger lots and room to grow typically have a nice pride of ownership and are more appealing to the eye of the investor.
Nice parks tend to be easier to turn around and fill up. However when you attempt to "turn around" a community that has been neglected from a management standpoint and lack a pride of ownership for several years, you are often in a battle trying to turn around the perception of the people that have lived in ruins for years and expect to continue to do so. Accomplishing a nice pride of ownership and maintaining it, along with enforcing rules and keeping a community safe is always easier in the nicer mobile home communities.
We hope you have a better understanding when it comes to mobile home parks for sale and considering buying a nice park vs. a not so nice park. Keep in mind that the prices for the nicer parks are always higher than parks that are distressed and there is money to be made in both. It all boils down to your buying perception and willingness to either pay the price for something nice or get a good deal on a lot of work ahead.
Should you have any questions about this site or any site within the Gorial Realty Family of web sites feel free to call upon us for answers.
-Samer N. Gorial, and John P. Gorial of Gorial Realty LLC (866) 66 PARKS