What's The Difference?
RV, Park Model,
HUD Manufactured Home?
Just to set the record straight I thought I clarify some often spouted MISNOMERS. There's a lot of confusion in the Real Estate Industry about the various definitions of the RV, Factory Built Housing Industry i.e. Trailers vs, Mobilehomes vs, HUD Manufactured Homes, vs Modular Homes, vs Modular Multi-Story or Mid-rise Developments.
To better inform those who might be interested we are going to provide some information in a 3 part series that just may help Real Estate Professionals and prospective buyers and/or investors better understand the difference.
So let's get this show ON
THE ROAD. I don't think
anyone will have a
problem identifying this as
a Recreation Vehicle
But, Did you know that
this is also an "RV" albeit
it's officially referred to as
a "PARK MODEL".
However, like an RV a Park
Model cannot be permitted as an
"Additional Dwelling Unit"
(ADU) aka "Granny Flat"
and therefore is not allowed to be permitted or permanently installed on a real estate lot or parcel.
Infact Park Models are not permitted to be installed on a foundation system because they are considered an RV. Many folks in some Southern California "Manufactured Home Park Communities" unknowingly purchased "Park Models" thinking they were "HUD Manufactured Homes".
Sadly when they had the opportunity to purchase the lots/spaces the Park Models were placed on they couldn't obtain conventional long term FHA/ VA or Reverse Mortgages because the homes could not legally be placed on a foundation system. Big OOP's.
So be very careful whence selling someone what you may think is a "HUD Manufactured Home".
Always check the Insignia plates on the rear of the home. If you're not sure what you're looking for take a photo of the insignia and email or text it to a Manufactured Home Dealer for verification.
And Buyers Always Beware of exactly what it is you are about to purchase. That's what "due diligence" is all about. So don't be afraid to use it.
In Part 2 we will discuss the difference between a "Travel Trailer", "Mobilehome", "HUD Manufactured Home" and a "Modular Home"
"Modular", "Manufactured" "Factory Built"
construction projects are fast becoming a very
economical, fast and efficient way to develop multi-
story Hotel and Resort Properties.
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