Tag: Sarasota lot rent by owner

Is Sarasota Florida A Popular Place For Snow Bird Mobile Home Buyers?
With the weather (finally!) starting to cool off throughout the Sarasota Florida area one needs to ask the question; will there be more people down in the Sarasota Florida area during the winter months to enjoy the weather?

These folks who come down to enjoy the greater Sarasota area are commonly referred to as snowbirds and usually frequent the area from December through the first part of April each year.

Many of these folks who come down to escape the cold are from the Midwest, East Coast, and Canada.

Sarasota mobile homes are becoming popular among Canadian snowbirds who are looking to have warmer winter homes in the Southern part of the United States. In fact, there are several articles on Canadian websites providing guides for Canadians about owning mobile homes in Florida.

Mobile homes in warm winter are not the only reason why Northern snowbirds are coming to Florida. Travelers who have a limited budget can enjoy the beautiful white beaches all year round.

As last year with Covid-19 finished we did not see nearly as many visitors as we did in previous years due to travel bands and travelers electing to stay closer to home until the virus ran its course throughout much of the area.

Many times these snow birds will come down and fall in love with all that Sarasota Florida has to offer. Common spots that are frequented will be all of the beautiful beaches we call home, the University Town Center, Spring Training baseball games, and the arts district within downtown Sarasota.

We, here at the Mobile Home Dealer, certainly can not blame them as we love all of those activities too!

With travel bans being lifted and everyone getting used to the “new norm” of social distancing and mask-wearing we certainly expect to see a large surge in snow birds throughout the Sarasota area this winter season.

Even though we expect to see more people in Sarasota this year this does not mean that there will be more Buyers.

The reason for this is that many snow birds who come down for the winter look to rent for the winter season. The rentals they select are usually reoccurring rentals from the previous years or homes that their friends from back home owners that they are not using. Rarely do we see folks come down for the winter season without a place set up to stay and then rush to buy something.

What causes this is that the rental market for mobile homes in the Sarasota Florida area during these months is extremely difficult to gain access to if the renter does not already have a place set up prior to arriving in the Sunshine State to enjoy the winter.

Many times mobile home Sellers look to hold onto their property throughout the year in hopes that they will be able to sell their mobile home to a snow bird for a higher price. The thought process with these Buyers is that since fewer people are visiting in the summer months and more people are visiting in the winter months then they feel that they will be able to charge a higher price for their mobile home.

Many times, this does not work.

The reason for this is that many snowbirds are coming down for rentals and not to buy. If these snowbirds are coming down to stay in the winter home that they have already purchased prior to coming down then they are looking to find a renter for their Sarasota Florida mobile home for the other months when the mobile home would normally sit vacant.

Bay Indies-Venice Florida

Mobile homes, especially throughout the Sarasota Florida area, are homes that can be sold year-round so long as the property is priced right and marketed correctly. If the home is priced too high, regardless of what time of year the mobile home is attempting to be sold, it will continue to sit on the market with no real Buyer interest.

While we expect to see a rush of snowbirds this winter season down in Sarasota we do not expect to see a huge rush of mobile home Buyers.

The good news is if you are looking to sell your Sarasota Florida mobile home then you own a property in a destination location that can be sold year-round for a good price and you do not need to wait until the winter to put it up for sale!

So to answer the question of Sarasota Florida a popular place for snowbird mobile home buyers, the answer is yes. Although not most snowbirds will buy mobile homes, Florida is a popular destination for snowbirds due to its temperate climate. A snowbird who visits Florida for the first time may not decide right away whether they rent or buy a mobile home. Most visitors from the North who buy mobile homes in Sarasota are not first-time visitors. They visit here, return home, and then decide to buy when they return.

Yes, Sarasota Florida is a popular place for snowbird mobile home buyers. With its mild climate and wide variety of outdoor activities, it is an attractive destination for retirees and snowbirds who are looking for a vacation spot or a permanent residence. The city has several parks and recreation areas, as well as plenty of shopping, dining, and entertainment options. Plus, there are plenty of Mobile Home Parks offering good value for snowbirds seeking the convenience of a mobile home. These parks are usually close to the beaches, so residents can enjoy the sunny climate and relax in their own homes. The cost of living in Sarasota is affordable, making it a popular choice for snowbirds who are looking for an affordable place to stay.

For many snowbirds, having a mobile home in Sarasota is an investment. When they are not in Florida on holiday vacation, they can rent their mobile homes to other people who have no plan of buying a mobile home.

This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.

See Also:
September 25, 2023
Will Sarasota Mobile Home Lot Rent Stay The Same?
Do Sarasota Mobile Home Lot Rents Always Go Up? We at The Mobile Home Dealer get this question all the time from first-time mobile home buyers looking to begin enjoying all that a mobile home park has to offer.

Homeowners in different Saratosa, Florida, mobile home parks may see lot rental increases each year for a myriad of reasons, which we will discuss in this article.

Once you move into your mobile home in Sarasota, Florida, located on leased land, you may wonder how long the lot rent will stay the same.

How soon will the lot rent go up, and how much?

Also, why will lot rent increase in the very first place, isn’t the lot rent already high enough to begin with?

All of these questions are ones that the traditional mobile home Buyer thinks about when purchasing a mobile home on leased land within the Sarasota Florida area.

Do Sarasota mobile home lot rents increase each year?

Generally speaking, the answer is, yes, lot rents will increase each year, and it would be unreasonable to think that they will not increase whatsoever or become capped for an extended period of time.

A good rule of thumb when budgeting for your mobile home is always to remember that lot rents will increase at the rate of inflation at the start of each year at a bare minimum. Expect to pay 2% to 3% more for your lot rent each year you’re living in the mobile home park that you currently reside in.

But the question then is, “well, Mark, why does it have to increase at all”?

This is another question we regularly field at The Mobile Home Dealer. The answer to this question is the same when asking why the price of groceries, fuel, or electricity continues to increase yearly. It directly concerns the national cost of inflation and how it affects everything in the economy.

You see, as much as we would all like the cost of things such as groceries or fuel to remain the same each year, it just doesn’t.

For example, in the mobile home park, most lot rents include the cost of lawn care, which would be blowing, trimming, and cutting your lawn weekly for the entire year.

Now, if the cost of fuel is going up each year to run the lawn equipment that is taking care of your lawn, then the owner of the landscaping company will more than likely need to charge the park more each year to keep up with the rising operating costs of their business. The park then will pass these increases in price to you as a mobile home park resident. Although this is a terribly simple example of the increase in lot rent, I imagine you are getting the point of why the lot rent will continue to increase each and every year.

Lot rents occasionally do not increase or stay stagnant for a year or two without much, if any, increase.

Many times, this will be directly related to national inflation and the value of American currency for that current year.

Although we would all love for mobile home lot rents to stay the same forever, unfortunately, this is a fairy tale and one that should not be expected to happen each and every year.

The following three reasons are most likely to affect the price increase of lot rents.

Rising Costs Of Service Providers

Most mobile homes on leased land will have lawn care provided within the monthly lot rent. This may include lawn mowing around each mobile home in the park, upkeep of all the green space in the common areas, and additional maintenance of trees and flowers throughout the park.

It is reasonable to expect that each year the laborers and the tools they use for this work will increase. As such, mobile home parks will need to pay these higher rates to the companies they contract for the labor to be accomplished. Increased rates passed on to the park will lead to increased lot rent amounts for the residents.

Inflation

Whether we like it or not, inflation is a part of society. Simply put, inflation is the rising costs of goods and services that further devalue the country’s currency. This can be attributed to external factors such as the economy or global trade issues but, for this situation, we will just state that inflation increases yearly by around 3% nationwide.

With this understood, expect to pay around 3% higher for lot rent each year.

Park Improvements

One of the perks of owning a mobile home on leased land is that the park takes care of just about everything in the park other than the upkeep and maintenance of your individual property.

These updates may include the streets in the park, clubhouse, pool, fitness center, and green spaces.

With additional updates such as putting in a new pool or adding a bark park for the community residents to use, someone has to pay for these items.

Anytime a park adds a large public use structure to the community, expect your lot rent to increase to pay for it.

This is Mark Kaiser with the Mobile Home Dealer. We help mobile home Buyers and Sellers improve their lives.

See Also:
September 22, 2023

Tag: Sarasota lot rent by owner

Is Sarasota Florida A Popular Place For Snow Bird Mobile Home Buyers?

Will Sarasota Mobile Home Lot Rent Stay The Same?

Sign in or register

Sign in or register

Reset password

Get started with your account

Get started with your account