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Differences Between Buying A Rv Park Versus An RV Park

Like most industry the Seller usually wants too much and the purchaser wants to pay too little with a mobile home zoo. Certain buyers may have different motivations for buying a certain park (1031 money, ability receive better financing, conversions to other uses, and location to where they live). In this book we will only look only in the value of a mobile home park for the typical buyer who continues to operate because a mobile home park.

Anyone that has seen an appraisal on a house or most types of real estate will have heard mention among the 3 approaches to determining the associated with that real est. They are the Cost, Sales, and Income Get near.

Unless you are coming up without the pain . value of a brand name new mobile home park or a single is predominately vacant, I do not see any reason to be able to the cost tackle. It is not likely that this new mobile home park will be built nearby the it would cost to build a new park does not even take into account the amount of time, effort, and money it takes to fill that park up with occupied and paying home owners.

As far as the Sales or Market Comparison approach to value, this is also highly suspect. Individuals based on comparing the sale with the subject property together with other recent sales and adjusting for differences that you may or may not know exactly about. Problems with this approach include varying expenses, rents, and management. Whether you are an investor or appraiser I definitely use this approach as potential information and not draw any conclusions from that.

Lago Vista RV Park

2871 Hwy 72 W, Three Rivers, TX 78071

(361) 436-0845

https://goo.gl/maps/hAfj89yvsshumVqR9