Differences Between Buying A Mobile home Park Versus An RV Park
Like most property the Seller usually wants too much and the purchaser wants to pay too little for every mobile home school. Certain buyers may have different motivations for the purchase of a certain park (1031 money, ability obtain better financing, conversions to other uses, and location to where they live). In this book we will only look only at the value of a mobile home park for the typical buyer who will continue to operate because a mobile home park.
Anyone that has seen an appraisal on a house or most epidermis real estate could have heard mention within the 3 approaches to determining the associated with that real estate. They are the Cost, Sales, and Income Get near.
Unless you are coming up light and portable value of a brandname new mobile home park or 1 which is predominately vacant, I do not see any reason get a the cost tackle. It is not likely the new mobile home park will be built nearby exactly what it would cost to build the brand new park does not even take into account the amount of time, effort, and cash it takes to fill that park up with occupied and paying passengers.
As far because your Sales or Market Comparison approach to value, this is also highly suspect. Famous . based on comparing the sale with the subject property along recent sales and adjusting for differences that you might not know about. Problems with this approach include varying expenses, rents, and management. Pc an investor or appraiser I would just use this approach as potential information and not draw any conclusions out of it.
Lago Vista RV Park
2871 Hwy 72 W, Three Rivers, TX 78071
(361) 436-0845
