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Any experience with 55 plus mobile home communities?
Old 04-01-2013, 12:11 PM   #1
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Any experience with 55 plus mobile home communities?

Does anyone have any advice/experience with 55 plus mobile home communities? I recently toured one in Florida. What are the pros and cons? What should one watch out for?

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Old 04-01-2013, 12:27 PM   #2
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You considering a move from Slovenia to FL?

(Oh, the one recommendation I'd have for mobile home living in FL is be sure and spring for the roll bar option...)

Numbers is hard

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Retired in 2005 at age 58, no pension
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Old 04-01-2013, 12:33 PM   #3
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I don't have any personal experience living in one of these communities but I have several friends that have over the years. Some liked it, some didn't. It seemed to me that it depended on the specific community, its amenities and how well it was maintained. Make sure you understand the communities rules/restrictions and then look around to see if they are being enforced. Make sure you have good home owners insurance!
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Old 04-01-2013, 01:33 PM   #4
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We lived in a manufactured home community from 2006 through2009. It was classified as adult community which means 55 and older. If you need specifics as to what that means you can google the Florida statutes. In a nut shell I believe it means that 85% of the people living there must be 55 years of age, not 100%. That's what most adult communities mean. In addition, no children under 18 years of age can reside in that community. There are exceptions. Just google for all that type information.

I liked what we had as you never saw any toys or junky cars on the property. We had rules and regulations regarding out buildings, landscaping, the care of your home, etc. The rules are there to protect the interests of the property owners. Every "park" can be different so when you visit one, get a copy of the rules and regulations and see if you can live with them.
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Old 04-01-2013, 04:06 PM   #5
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There is one near my Florida condo that we occassionally ride our bikes through. It appears well kept with only a few vacancies. People wave hello. I would be concerned about gale force winds - if the wind is stong enough you don't own a mobile home - you own a big metal box kite.
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
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Old 04-01-2013, 04:25 PM   #6
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Sold a real beat up senior mobile park in Gates Oregon last year. I would suggest that resale of a mobile home is darn near impossible. Banks are not loaning on them, so you are looking at a cash sale or carrying the paper. The park management can approve the purchaser - or not. Often you are prohibited from renting out the mobile, so if you aren't living there and are just trying to sell each month a new monthly space rental charge comes due, to the tune of hundreds of dollars/month.

On the good side, there are some great fully furnished homes for sale in the senior parks - cheap! People are just desperate to sell them. For fun and profit, or just for learning, Google and read a little "Lonnie Scruggs".

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