When you’re in the market to buy a mobile home, it takes more than just luck to invest your money wisely. Protecting your investment requires a step-by-step process to perform due diligence. Your planning strategy should educate yourself about the problems to avoid, which will help save your precious time, money, and unnecessary stress. Just because someone wants to sell their beautiful mobile home that is in great condition does not mean you are getting a good deal.
You’ll want to include a checklist covering these five things to watch out for when buying a mobile home Shreveport. Especially if you are in this business to make money and help sellers and buyers out. We need to be honest on all sides. Sellers, investors and buyers.
Park Fees
You may be responsible for several additional fees when buying a mobile home in Shreveport in a park. You’ll want to ask if there is a homeowner association (HOA) and how much are the fees or any other additional costs, such as property taxes, added to your monthly invoice from the park, in addition to the lot rental fee. By working with a professional buyer at Highway Homes, you can rest easy because you’ll know everything upfront, including exactly how much your monthly living expenses will add up to in your new mobile home.
You need to think about the condition of the parks too. Will you want to buy or move a mobile home into a park where the fees are cheap, but the park isn’t in such a good area? Maybe the home that you move the park into is assisted living. That is something to think about too. Is this park close to your job, grocery stores, or convenient gas stations?
Park Rules
When buying a mobile home in Shreveport, you carefully review the park’s rules and regulations, which you may find restrictive. First, the mobile home park should provide you a prospectus and any bylaws of the HOA. Then, after checking with state and local ordinances regarding permitting, should you want to make specific changes, you should understand the park’s approval process before buying. The professional buyers at Highway Homes and their team of experienced pros are familiar with local mobile home parks and can help you navigate their rules and processes.
Highway Homes personally recommends mobile home parks that have more rules, even if these parks are in inconvenient areas on the outside or town. Some parks are empty and just want to get tenants on the lots so the park can make money. These parks are going to have less rules and could be a little more dangerous to be in.
Timing
Any time is a good time for buying a mobile home in Shreveport; however, you should be aware that pricing can fluctuate seasonally. Being familiar with the mobile home market trends and buying during the off-season may help you realize a discount. Because the experts at Highway Homes live and work here in Shreveport, you can be confident they will work to get you the best price possible while meeting any time constraints you may be facing. If financing is holding you back, the professional buyers at Highway Homes can work with you to find the funding you’ll qualify for, even if your credit history is less than perfect.
Think of Highway Homes as your personally bank. We can and will work with anyone on deals where we are looking to owner finance.
Location
You must carefully check the location, including crime rates, when buying a Shreveport mobile home. You or a representative should personally walk the property and park before the purchase. Pay attention to the condition of the roads, signage, and the general appearance of the mobile home park overall. Check out the amenities, such as the pool, to ensure everything is in tip-top condition. The professional buyers at Highway Homes have a long track record of success in selecting the best location for your budget will help the mobile home hold value over decades.
Understand Your Goals
Unless you’re a full-time mobile home investor, you need a reliable professional to help you achieve your goal of getting a great deal on the perfect Shreveport mobile home for you. You can rely on the team at Highway Homes to help you find your mobile home by developing a plan and working with you every step of the way. When you work with a professional buyer at Highway Homes, we know through years of experience about all the red flags to watch out for when you’re buying a mobile home in Shreveport.
Your goals need to align with what you are trying to achieve. You should already have a plan before you move forward, and you need to stick to the plan. If a certain amount of money is all you have in your budget and that is part of your plan, and you find a mobile home or mobile home park or area that is not part of that plan then just move on. Save yourself the headache and regret.
At Highway Homes, we will take the time to listen to any questions or concerns you have. As a bonus, if you’re ready to buy, Highway Homes has a steady inventory of the best mobile homes available in Shreveport. Call Highway Homes at (318) 575-3180 or send us a message to learn more about how we can help you.