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- Dec 7, 2012
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- 3,566
Perhaps my neck of the woods is an exception, or those in your area are lower...
Looking into buying a house and the thought of a manufactured home came to mind. A lot of the communities in my area seem to have a high price for lot rent. Would really like a semi-temporary place for the next 5 years or so. GF is going to school, my landlord keeps talking about selling the house that I am renting an upper of and I'd perhaps like to see my money get a little return.
My calculations, you can get a home anywhere from 7k to 20k, however there's plenty for more or less. Lot rent is in the area of $640 a month. Most figure in taxes, water, garbage and snow removal (which is negligible IMO as if you were off of a main roadway, you town/village/county/state would be clearing your roadway).
I'll figure taxes as $4,000 a year, perhaps using (on the high side) $30 of water a month, and $100 of garbage removal a month.
YEAR MONTH
$7,680 $640 Lot Rent
----- -----
$4,000 $333 Taxes
$ 360 $ 30 Water
$1,200 $100 Garbage
$2,120 $177
I guess I can somewhat understand the whole "you're in a community and they take care of that". But am I missing something here. I couldn't even imagine taxes on that little slice of land being that high. You're literally getting half of a playground worth of land to rent.
Seems like a terrible value being in a community. Unfortunately my county does not allow manufactured homes on lots of land. I'd buy .5 acres and stick one on that for the next 5 years.
I'll tell you what, continually hearing that the place your living might be sold can drive one to being mad.
Looking into buying a house and the thought of a manufactured home came to mind. A lot of the communities in my area seem to have a high price for lot rent. Would really like a semi-temporary place for the next 5 years or so. GF is going to school, my landlord keeps talking about selling the house that I am renting an upper of and I'd perhaps like to see my money get a little return.
My calculations, you can get a home anywhere from 7k to 20k, however there's plenty for more or less. Lot rent is in the area of $640 a month. Most figure in taxes, water, garbage and snow removal (which is negligible IMO as if you were off of a main roadway, you town/village/county/state would be clearing your roadway).
I'll figure taxes as $4,000 a year, perhaps using (on the high side) $30 of water a month, and $100 of garbage removal a month.
YEAR MONTH
$7,680 $640 Lot Rent
----- -----
$4,000 $333 Taxes
$ 360 $ 30 Water
$1,200 $100 Garbage
$2,120 $177
I guess I can somewhat understand the whole "you're in a community and they take care of that". But am I missing something here. I couldn't even imagine taxes on that little slice of land being that high. You're literally getting half of a playground worth of land to rent.
Seems like a terrible value being in a community. Unfortunately my county does not allow manufactured homes on lots of land. I'd buy .5 acres and stick one on that for the next 5 years.
I'll tell you what, continually hearing that the place your living might be sold can drive one to being mad.
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