As you’ve probably already noticed, mobile homes are now in. Everyone’s purchasing one. But before you do so, it’s best for you to understand all of what comes along with it.
So you can’t still decide about buying mobile home and it’s totally fine. You don’t have to worry about it. We’ve made a list of 4 pros and 4 cons that will definitely help figure things out as well as let you know a thing or two about them, from the good to the not-so-good about manufactured homes.
- Development Control: You can decide every detail of the process of construction of tour mobile home. From the floor plan to any amenity etc. as long as it satisfies all the federal and State regulations.
- Affordability: You’ll safe a good amount of money! A mobile home could be 10 up to 35 percent less expensive than a site-built structure. Plus, you’ll get to avoid property taxes!
- Fast Construction: Your mobile home could actually take from four to six weeks, (yes, weeks) to be fully functional. Average houses take up to six months to be done. You won’t really have to wait that long!
- Warranty Options: One of the positive things about getting a mobile home is that they come with a manufacturer warranty that will help you fix anything that may go wrong with your mobile home.
- Appreciation Limit: Your mobile home’s value will increase slower if we compare it to a standard home, plus, the value based on the plot of land is limited.
- Harder to sell: whenever you’ve purchased one, it is hard to sell it due to the negative stigma that mobile homes still have in the present.
- Instability of Park Owners: There could be extraordinary moments in which the landowner could sell, without notice, the plot of land in which your mobile home is placed.
- Short Life Span: Unluckily, your grandkids may not be able to enjoy your mobile home. They actually start to deteriorate after around 20 years, which make them even harder to sell and to refinance.
We could go on for hours with both lists, but the real important thing for you to be aware of is that, if you do buy one, you have to get a good insurance.
Mobile Home Insurance will without doubt protect you from expenses related to fires, floods, theft, structural damage and so much more.