Differences Between Buying A Camper Park Versus An RV Park

Like most real estate the Seller usually wants too much and the purchaser wants to pay too little for a mobile home softball park. 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 continue to operate because a mobile home park.

Anyone that has seen an appraisal on a house or most involving real estate can have heard mention within the 3 approaches to determining the associated with that real holdings. They are the Cost, Sales, and Income Get near.

Unless you are coming up light and portable value of a product new mobile home park or a single is predominately vacant, I do not see any reason also included with the cost method. It is not likely how the new mobile home park will be built nearby and what it would cost to build a new park does actually take into account the amount of time, effort, and cash it takes to fill that park up with occupied and paying citizens.

As far when your Sales or Market Comparison approach to value, this likewise highly suspect. Is actually a based on comparing the sale of this subject property with other recent sales and adjusting for differences that you might or might not know with reference to. Problems with this approach include varying expenses, rents, and management. Whether or not you’re 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