New Homes -Profit verse options?

mobile home university
1

When infilling a park do you as a park owner find the sale price point or options the largest selling factor and profit margin? We have been bringing in homes and have been playing with various options. This includes used homes, new homes and various options in new homes. We have an avenue to make the homes affordable on a monthly basis, but trying to figure out if selling basic stripped-down models will help increase the profit margin or selling a home with more options. We can bring in homes with panels or sheetrock, homes with ceiling fans or homes with 2 by 6 construction.

Do you find controlling options cost will allow for larger profit margins?

Do you find options will sell a home faster?

Do you find the local market will dictate the selling price and options don’t matter?

Do you find financing for the resident is key with a low-down payment of $5,000 or less?

2

We bring in basic spec homes and do not allow tenant to choose options. They can special order a home, but rarely do. They like to pick the home that is already sited.

2x6 walls are an advantage to the landlord. They reduce the cost for utilities, which allows more budget to charge higher rent. For example, if your tenant electric bill goes down by $50 per month, then they have $50 in extra capacity to pay rent. The small price for the extra insulation is well worth your ability to more easily raise rent.