As an active mobile home investor, you have probably read and studied as much as possible about buying mobile homes in and around your area. Most of these how-to articles and videos will convey the importance of what to do correctly, as well as proper procedures from start to finish. However, in this article, let us discuss some pitfalls that even seasoned investors may encounter when investing in mobile homes.
Buy a mobile home outside the campsite
Do you think you have found the solution to buy your mobile home from a specialized sales company? Although this way of proceeding seems interesting because mobile homes are sold at a more attractive price than those installed directly on a campsite, you will have to be careful. In general, campsites refuse mobile homes that are not sold on their land.
While others allow it, but with quite exorbitant entry fees.
The best solution for making a rental investment and generating maximum profitability and making a secure purchase is to buy your mobile home from a campsite. Families increasingly want to spend vacations in a friendly place where many activities are offered and where children will be safe.
Buy a mobile home from an individual
Note that the selling price from a private individual is often higher than the actual market value of the mobile home. And this does not offer any guarantee in the event of hidden defects.
Put the mobile home on private land
If you have private land to install your mobile home and you do not intend to rent your mobile home, this option may be an option. However, you will have to be careful because the legislation and the town planning code are strict on this subject.
The rules for setting up a mobile home on private land vary depending on the size of the house:
- Mobile home with a surface area of less than 20 m²: a prior request to the town hall will be required.
- Mobile home with a surface area greater than 20 m²: a building permit is required, the dwelling is subject to the principles of common law.
In accordance with the town planning code, the mobile home must fit into the landscape and environment of its location.
However, if you wish to invest in a mobile home to rent it, avoid placing it on private land. You will have many fewer rental requests and rental profitability will be significantly lower.