What is a park home and who can buy one?
More than 30,000 U.S., now Baja California residents, are currently living in park homes along the Playas de Rosarito Coast. It's a very popular way of life — especially among the older community — as it offers peace and quiet, as well as security.
What is a park home?
Park homes are detached private homes that are located within a park community. They're typically manufactured offsite and then placed on land that is owned by the park land owner. Most park homes have morphed into permanent dwellings,and still fall into the definition of a park home, a property must be movable in one or two pieces, whether that's on its own wheels or by being transported by another vehicle. Additionally, they shouldn't be more than 20 metres in length, 6.8 metres in width, and 3.05 metres from floor to ceiling inside.
When you buy a park home, you own the building itself, but not the land it sits on. Instead, you'll rent the space from the park owner. The land rent is paid monthly, leases are renewed annually.
Park homes are classed as 'mobile homes'. However, they are static for the most part, and are rarely moved. So, when you buy a park home, it's vital that you think carefully about its location. We know the park communities well, and we will help you find the best park to match your lifestyle and help it flourish.
How do park homes differ from conventional houses?
The main difference between park homes and conventional houses is how they're constructed. Bricks-and-mortar homes are built from the ground up, while park homes are typically manufactured offsite and moved to a park afterwards.
You also can't take a mortgage out on a park home. This means that, if you don't have the money to buy one outright, you must look for alternative kinds of financing.