Quizzes & Puzzles7 mins ago
Why Park Homes Are Much Cheaper?
49 Answers
Hi There
Does anyone know why Park Homes are much cheaper than normal house?
Thank you.
kin
Does anyone know why Park Homes are much cheaper than normal house?
Thank you.
kin
Answers
Best Answer
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For more on marking an answer as the "Best Answer", please visit our FAQ.Hah! I thought "Park Homes" was a brand name and this thread was some kind of advert. Shows what little I know.
How come you lot all knew?
p.s. Tornadoes are not attracted to trailer parks; trailer parks are attracted to cheap land - cheap because of the regularity of the tornadoes. For cheaper insurance premiums, why not ban people from living in Tornado Alley?
:)
How come you lot all knew?
p.s. Tornadoes are not attracted to trailer parks; trailer parks are attracted to cheap land - cheap because of the regularity of the tornadoes. For cheaper insurance premiums, why not ban people from living in Tornado Alley?
:)
Aren't the "houses" normally based on a caravan type structure but "made up" to look like a permanent dwelling?
I think they are normally towed to the site using their "caravan" wheels.
If they are based on a caravan (which are normally light, smallish and single storey) then it is no surprise that they are cheaper than a normal house.
Also I would guess the caravan based structure has less of a life span than a permanent brick built home so will need to be replaced in 10 or 15 years or so.
You also normally get a small plot of land (which I don't think you own) and probably have to pay some sort of service charge to the owner of the land for its upkeep.
They are also often in out-of-the-way places, which may be fine for a holiday home but not that good if you want to make it your permanent home.
All in all, it is no surprise they are cheaper.
I think they are normally towed to the site using their "caravan" wheels.
If they are based on a caravan (which are normally light, smallish and single storey) then it is no surprise that they are cheaper than a normal house.
Also I would guess the caravan based structure has less of a life span than a permanent brick built home so will need to be replaced in 10 or 15 years or so.
You also normally get a small plot of land (which I don't think you own) and probably have to pay some sort of service charge to the owner of the land for its upkeep.
They are also often in out-of-the-way places, which may be fine for a holiday home but not that good if you want to make it your permanent home.
All in all, it is no surprise they are cheaper.
Back here in the U.S., Park Model homes have a slightly different description than, apparently those in the U.K., so use caution.
Park homes here are not neccessarily mobil homes that have been moved onto a fixed location permanently. Park homes can be constructed as usual or they can be "modular homes"... those bult to strict standards but in "modules" that can be moved and then put together at the homesite.
The concept of "Park Homes" was actually began by Mr. Art Linkletter, an early TV and radio personality back in the 1950's or so. He (and other investors) started contructing very nice (but small) home sites in the Phoenix, AZ arprimarily for retirees. The earlier "Parks" consisted of winding streeets with attractive but desert type landscaping. Since the only less expensive homes of the times were trailer houses (as their known here) of various lengths... sometimes up to 60 feet or so. As time went on more of these popular retirement parks were constructed especially with the advent of the previously referenced modular homes.
Some cities, especailly in Arizona are almost exclusively Park Homes... such as Sun City and others...
Park homes here are not neccessarily mobil homes that have been moved onto a fixed location permanently. Park homes can be constructed as usual or they can be "modular homes"... those bult to strict standards but in "modules" that can be moved and then put together at the homesite.
The concept of "Park Homes" was actually began by Mr. Art Linkletter, an early TV and radio personality back in the 1950's or so. He (and other investors) started contructing very nice (but small) home sites in the Phoenix, AZ arprimarily for retirees. The earlier "Parks" consisted of winding streeets with attractive but desert type landscaping. Since the only less expensive homes of the times were trailer houses (as their known here) of various lengths... sometimes up to 60 feet or so. As time went on more of these popular retirement parks were constructed especially with the advent of the previously referenced modular homes.
Some cities, especailly in Arizona are almost exclusively Park Homes... such as Sun City and others...
-- answer removed --
You don't own the land it stands on
It depreciates unlike houses which normally appreciate in value
You can't get a mortgage to buy one, usually
You often have to pay the site's rates for gas, electricity and water which can be higher than usual
Sites rules, regulations and restrictions can be harsh
It can work out cheaper to rent a house over 15 years than buy a park home
It depreciates unlike houses which normally appreciate in value
You can't get a mortgage to buy one, usually
You often have to pay the site's rates for gas, electricity and water which can be higher than usual
Sites rules, regulations and restrictions can be harsh
It can work out cheaper to rent a house over 15 years than buy a park home
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