Quote:
Originally Posted by NH_boater
I agree that the mobile home route is probably the cheapest. There is risk too. The average mobile home is probably 40-50k. If the park or associationn closes (sale, land development, owner dies, etc.) Your investment is probably basically worthless. This happened to my parents in the region. For a bit more, if you are patient, diligent and creative, you maybe able to purchase a property on lakefront where you own the building and acre of land. Then you rent a slip. This would avoid much of the risk and also avoids association fees. By owning the land, your investment is more likely to appreciate.
I recognize these deals are not always available but you can occasionally find a seasonal 2BR house, nice property on lakefront, with a decent view, on a decent lot for little more than many mobile homes. This makes your investment real estate rather than captive dwelling. If you buy the right lot, you may be able to upgrade the building at a later date.
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I don't think it is accurate to say you can purchase an acre of land on the lake "For a bit more" than the cost of a mobile home. The minimum price for a build-able waterfront lot has got to be around $200K. And the minimum price for lot and home $300k.
The two bedroom mobile home I mentioned is listed here at $9,500. Even with the park fees that is on an entirely different price scale than traditional ownership. The original poster was asking for the "least expensive way to live on Lake Winn". Look at the pictures of the mobile home.
http://www.newenglandmoves.com/prope...-NH-03246.aspx