If you decide to live in a manufactured homes park, you will buy a dwelling house in the Park, where the house is not permanently attached to the land (that is, it can be moved from one position to another) and you lease the land on which the house sits from the Park operator. A caravan is not considered a manufactured home (despite the size and luxury some caravans offer these days).
The Park may be purpose built to accept only manufactured homes – this is increasingly the norm. However, manufactured homes may also be located in Parks that have a mixture of these homes, caravans, tents and holiday cabins, offering short and long-term accommodation.
In addition to buying a manufactured home (which you own outright, and can sell or move the dwelling when you leave the Park) you will be required to pay a regular amount for your right to use the land on which your dwelling sits and for expenses, such as utilities and use and maintenance of common facilitates on the Park. Some Parks provide only basic facilities, but to attract residents many are offering upmarket facilities and services, similar to those offered by retirement villages. Many new manufactured homes parks have pools, bowling greens, gyms, recreational activities and excursions, services such as hairdressing, security patrols, and dining facilities.
Unlike living in a retirement village, there are no exit fees for leaving a Park, although you will likely be required to ensure the site you are leaving is returned to the state it was when you moved onto it.
Manufactured Homes Parks are regulated by State Governments. More information about living in these Parks and State regulation can be found at each different State’s government website. However, if you find it difficult, or don’t want the worry of having to navigate a complex government regulated system, seek professional help.