Experts – Getting Started & Next Steps

January 15, 2018

Real Estate

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A Guide to Purchasing a Park Home.

When park homes are mentioned, a lot of people think about Barry Weir given how much he made from the development. Everyone wants to ditch the landlord but if you think about it, not everyone will have enough money to buy a permanent home in an instant and getting stuck with a 20 year mortgage payment is not a joke. that is why park homes were developed. However, before you put your money in the next mobile park home you can find, think about the decision because you might rush and find that you did not do that well. There are specific places where you can park your home but if you want to try a different place, you need to make sure that you have a license to do so from the relevant authorities. Once you have decided to go ahead with the purchase, you may find the owner of the home you are interested in and buy from him or her directly or just get your solicitor to do it for you.

You need to do your homework about the home before putting your money into because if there are disputes, you may be kicked out until they are resolved. Because the housing department ought to have records of every home in the region, getting the paperwork showing the ownership of the home since it was built until the present should not be that hard as long as you are willing to sacrifice your time to found out the truth. Make sure it is surveyed too before you buy it so that problems which might be hidden are brought to light. Before you give the seller your money, you will have a high possibility of the having them bring the price down or deal with the issue at hand but once the transfer is complete, this becomes your problems.

In the event that you will be using the park home on holidays, you should get a short-term holiday license but if you have planning to leave there permanently, you need a residential license. Note that the kind of community the park home is surrounded with matters too and you should not put yourself in a community that is aggressive and volatile. The quality of the park home is crucial and this means the materials it is made with and the design because they are crucial in determining how long it will be before you have to worry about repairs. It may be demanding but in the end it will be worth it.