Real Estate Info and Options for Your Manufactured or Modular Home
Choosing the Right Location for Your Home
There are two primary options to choose from when your home location needs to be decided. You can either place your home on land you currently own, or plan on purchasing, or put it on leased property located in a park, planned community, or private lot.
Buying Property
Owning the land under their home is an attractive alternative to many home buyers. With this scenario, it is easier to qualify for traditional financing. Also, when combined the home and the land often appreciate in value faster compared to owning a home alone.
If you are interested in purchasing property, please contact one of our experienced agents at (760) 338-8204. We’ll be more than happy to assist you with your real estate needs and our agents will answer any real estate questions you may have. They will also refer you to one of our real estate partners if you are interested in viewing properties in your local area.
Find the Right Property for Your Home
There are certain questions you can ask yourself before looking at properties for your home site. Answering these questions beforehand will help limit your search options and can shorten the amount of time you spend looking at properties.
Buying or leasing land can be a big commitment and this decision shouldn’t be taken lightly. It is important to make sure that you search for the property that will really meet your needs.
Developing Your Property
Have you found the land where you want to place your home? That’s great! Our homes are ideal for being placed on undeveloped land. There are certain precautions you should take however to help assure your home’s long-term durability. By accounting for these precautions, you can also ensure that no unnecessary time is wasted during the delivery process, utility hook up, and site improvements. Below is a list of some precautions to consider when developing property.
Please contact us at (760) 338-8204 if you have any questions related to this topic and one of our contracting experts will answer any questions or concerns you may have.
Purchasing land in a subdivision
One option that is becoming increasingly popular among our customers is buying a lot in a planned subdivision. These communities are aesthetically pleasing and are designed to meet the needs and desires of its residents. A big advantage of this option is that a lot of the preparation work is already taking care of. These communities already have streets, landscaping and utilities, lights, access to neighborhood amenities, etc. Even with these characteristics though, there are still some things to consider before buying land in a subdivision.
An increasingly popular option is purchasing a lot in a planned subdivision. These are attractive, well thought-out communities. One big advantage they offer is that much of the preparation work, including streets, lights, landscaping and utilities, has already been done. As with undeveloped land, consider the practical factors:
Land/Home Package Deal
Buying property and a home altogether, also known as a "land/home" transaction, offers some big advantages to the buyer.
Financing Advantage
Due to the fact that land/home buyers can take advantage of conventional home mortgages, they can usually save thousands of dollars by not using chattel loans. Conventional loans normally have a more detailed application process and require more documentation, but the savings you could realize from lower interest rates could be worth it. Consult with one of our representatives about financing options and connections in your local area.
Leasing Property
Leasing property is usually a less expensive option, compared to buying property, and is typically not as complicated either. The important thing to note here though is that even though you own the home you do not own the land.
Leasing Benefits
Leasing is often a good option because the costs associated with a property
Leasing can be a good option because the costs of the property are generally much lower than buying the land altogether. Rental communities exist all over and one of our housing representatives can help you find one if you are interested. Sometimes, there are additional costs associated with leasing a property other than just rent. Make sure you ask clarifying questions about what you will be expected to pay so you know what you’re committing to.
Understand Details of a Lease
It is vitally important that you understand and accept the terms of your lease. As with buying land, there are other things for you to consider with this action:
Choose Your Lifestyle
If you would like to live somewhere that is close to a beach or where you can golf everyday then a planned community may be the right choice for you. These communities often include amenities such as clubhouses, swimming pools, and planned activities. In planned communities, you would lease the land and purchase the home. This opens up more room in your budget because you will not have to purchase the property.
There are normally a number of rules in planned communities that you need to be aware of before deciding to move into one. Many planned communities restrict the number of young people that can reside there and many of them also cater to seniors. There are other planned communities out there that are open to families and the majority of them have a homeowners' association and detailed rules that owners must follow. If you are interested in moving into a planned community, please consider the following.
Consult the Neighbors
If you have found a planned community that interests you, be sure to consult with the people that live there. Ask them if they like the community they live? Have they had any conflicts and were they resolved effectively? Do the owners take proper care of the property? If you have any questions about planned communities, or about any of the other information provided above, please do not hesitate to give us a call at (760) 338-8204.
There are two primary options to choose from when your home location needs to be decided. You can either place your home on land you currently own, or plan on purchasing, or put it on leased property located in a park, planned community, or private lot.
Buying Property
Owning the land under their home is an attractive alternative to many home buyers. With this scenario, it is easier to qualify for traditional financing. Also, when combined the home and the land often appreciate in value faster compared to owning a home alone.
If you are interested in purchasing property, please contact one of our experienced agents at (760) 338-8204. We’ll be more than happy to assist you with your real estate needs and our agents will answer any real estate questions you may have. They will also refer you to one of our real estate partners if you are interested in viewing properties in your local area.
Find the Right Property for Your Home
There are certain questions you can ask yourself before looking at properties for your home site. Answering these questions beforehand will help limit your search options and can shorten the amount of time you spend looking at properties.
- Do you plan on developing land?
- Do you want a home site where minimal preparation will be needed?
- Are there certain neighborhood amenities that you can’t live without?
- Do you want to live in a planned community?
Buying or leasing land can be a big commitment and this decision shouldn’t be taken lightly. It is important to make sure that you search for the property that will really meet your needs.
Developing Your Property
Have you found the land where you want to place your home? That’s great! Our homes are ideal for being placed on undeveloped land. There are certain precautions you should take however to help assure your home’s long-term durability. By accounting for these precautions, you can also ensure that no unnecessary time is wasted during the delivery process, utility hook up, and site improvements. Below is a list of some precautions to consider when developing property.
- Zoning – Are there regulations that restrict you from placing a home on your land? If you perform a title search then you should identify any restrictions that exist.
- Access – Is your home’s site location accessible so your home can be delivered?
- Utilities – Are utilities present at your home’s site location for water, gas or alternate fuel, electricity, sewer or septic tank?
- Permits – What specific permits are required in your community? There may be multiple permits required for any site improvements you desire or for the installation of your home.
Please contact us at (760) 338-8204 if you have any questions related to this topic and one of our contracting experts will answer any questions or concerns you may have.
Purchasing land in a subdivision
One option that is becoming increasingly popular among our customers is buying a lot in a planned subdivision. These communities are aesthetically pleasing and are designed to meet the needs and desires of its residents. A big advantage of this option is that a lot of the preparation work is already taking care of. These communities already have streets, landscaping and utilities, lights, access to neighborhood amenities, etc. Even with these characteristics though, there are still some things to consider before buying land in a subdivision.
- Are home owners’ associations and/or covenants present in this community?
- Ask the locals – Have they had overall positive experiences with community management?
- Amenities – What do they have available to residents of this community?
An increasingly popular option is purchasing a lot in a planned subdivision. These are attractive, well thought-out communities. One big advantage they offer is that much of the preparation work, including streets, lights, landscaping and utilities, has already been done. As with undeveloped land, consider the practical factors:
Land/Home Package Deal
Buying property and a home altogether, also known as a "land/home" transaction, offers some big advantages to the buyer.
- Conventional financing – Since real property is involved with the transaction, a lower mortgage rate may be set up with a conventional mortgage.
- Equity growth – Our homes on property you own can appreciate in value just as site-built homes do.
- Flexibility – You have the freedom to choose the land you desire and how to site your home so that you can reap the best benefit.
Financing Advantage
Due to the fact that land/home buyers can take advantage of conventional home mortgages, they can usually save thousands of dollars by not using chattel loans. Conventional loans normally have a more detailed application process and require more documentation, but the savings you could realize from lower interest rates could be worth it. Consult with one of our representatives about financing options and connections in your local area.
Leasing Property
Leasing property is usually a less expensive option, compared to buying property, and is typically not as complicated either. The important thing to note here though is that even though you own the home you do not own the land.
Leasing Benefits
Leasing is often a good option because the costs associated with a property
Leasing can be a good option because the costs of the property are generally much lower than buying the land altogether. Rental communities exist all over and one of our housing representatives can help you find one if you are interested. Sometimes, there are additional costs associated with leasing a property other than just rent. Make sure you ask clarifying questions about what you will be expected to pay so you know what you’re committing to.
Understand Details of a Lease
It is vitally important that you understand and accept the terms of your lease. As with buying land, there are other things for you to consider with this action:
- Lease – Has a written contract been presented to you? What are the terms and conditions?
- Relocation – Do provisions exist in the lease to protect you in the event the owner sells the property? If so, will the owner compensate you for moving expenses?
- Rules – If this property is located in a community, are there rules and regulations that tenants must adhere to?
- Fees – Who is responsible to pay for maintenance and installation costs? Are the costs for utility connections expensive?
- Amenities – Are club houses, golf courses, fitness centers, stores, tennis courts, or other amenities there that fit your lifestyle?
Choose Your Lifestyle
If you would like to live somewhere that is close to a beach or where you can golf everyday then a planned community may be the right choice for you. These communities often include amenities such as clubhouses, swimming pools, and planned activities. In planned communities, you would lease the land and purchase the home. This opens up more room in your budget because you will not have to purchase the property.
There are normally a number of rules in planned communities that you need to be aware of before deciding to move into one. Many planned communities restrict the number of young people that can reside there and many of them also cater to seniors. There are other planned communities out there that are open to families and the majority of them have a homeowners' association and detailed rules that owners must follow. If you are interested in moving into a planned community, please consider the following.
- Lifestyle - Does the community cater to your interests and fit your lifestyle? Is living in a senior-only environment right for you?
- Lease - What are the terms and conditions of your lease?
- Rules - What rules and regulations exist and how are they enforced?
- Dues - Are there homeowner dues? If so, how much are they?
- Fees - Who is responsible to pay for installation costs and maintenance? How much do utility connections cost?
Consult the Neighbors
If you have found a planned community that interests you, be sure to consult with the people that live there. Ask them if they like the community they live? Have they had any conflicts and were they resolved effectively? Do the owners take proper care of the property? If you have any questions about planned communities, or about any of the other information provided above, please do not hesitate to give us a call at (760) 338-8204.