When considering any new investment, pay attention to detail. First and foremost, make sure that you research the area in which your potential investment is located. Is it a growing community? What are the schools like? Your investment is only as good as its potential for return.

Speaking of potential for return, it is imperative that you get a detailed accounting ofwaht is on the property so that you can properly evaluate your potential revenue.

For example: Home many mobile home spaces are in the park? How many are vacant? Are there spaces fit for RV service? Is there city water and sewer? How old are the sub-systems? What kind of shape are the existing mobile homes in? How many acres are on the property? Does it conform to local zoning laws and have all relevant certificates of occupancy? Are there any accessory buildings on the property?

Mobile Home Park Valuation

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