Posted by Tony-VA on December 05, 2000 at 05:38:08:
You may want to confirm this as a true “law” and not word of mouth. It could be. Some jurisdictions will begin to phase out older homes by passing local ordinances (1985 seems a bit harsh however).
Generally speaking, it is usually the park that has created this restriction as a means of increasing the parks marketability by adding newer homes.
Believe it or not, some park owners will refuse to allow older homes in, despite a large number of vacancies. I do not understand the reasoning myself (at least not in the short term). I suppose they could be hoping to capitalize on the Conseco fallout and hope to get newer repo homes moved in.
Chances are this park with the 40% vacancy has additional problems that makes it less desirable. Could be the poor management or ownership. It could be lot rents are above market, could be the park has become restrictive in a misguided effort to improve it’s tenant base. (It helps to have a tenant base first).
Park owners sometime seek long range solutions to immediate problems. I personally would rather combat the NOW problem of 40% vacancy. Then go from there.
My suggestion is to check with zoning to confirm the new law. Then go and check out other parks that may be easier to deal in.