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Is A Park Model Home A Good Investment?

With rising house costs and material costs, many Americans are looking for a more affordable residency. With new homes ranging from $300,000 up to $800,000+, it is easy to see why many are choosing to downsize their home. One of the most popular smaller homes people are choosing is a park model home.

Is A Park Model Home A Good Investment?
Is A Park Model Home A Good Investment?

How Much Does A Park Model Home Cost?

A park model home is going to range in costs due to the design, materials, and manufacturer you choose to have one built by. Park model homes can range in prices from $30,000-$80,000 and even less/more if you build them differently. This is going to be a fraction of the cost of a normal house and will provide you with many of the same amenities.

What Will You Be Using Your Park Model Home For?

Park model homes can be used for a variety of different uses. Some will use a park model home for vacation and Air B&B, while others will use them as a more permanent residency. The biggest advantage of a park model home is that you can use them for just about anything as long as you have the land and proper utilities.

Is A Park Model Home A Good Investment?

If you are using it as an investment property, such as renting it out as a beach house or Air B&B, it can be a very good investment to get your money back fairly quickly. If you plan on using it as a permanent residence, you will need to consider the depreciation value of your park model home when you think of reselling it.

Premier Park Model Homes From Platinum Cottages

If you are ready to invest in a park model home, Platinum Cottages can help you build the park model home of your dreams. You can use our dealer locator to talk to a Platinum Cottages distributor to discuss your available options. Our dealer network can help you with any questions you may have and help you get your cottage ordered.

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