Mobile Homes Pros and Cons | Manufactured Homes

There are several pros to buying a “mobile home or manufactured home” instead of a traditional stick-built house, but there are also cons as well. Before you decide to buy a mobile home or manufactured home, weigh the pros and cons to make certain your decision has both your financial and housing goals in mind.
Modern mobile home or manufactured home can provide a quality, cost-effective alternative to a stick-built home. However, they have some cons to stick-built homes that you need to consider. Factors to consider, such as costs, laws that impact mobile home value, and low-cost stick-built alternatives, vary in different areas, so be sure to do your due diligence.

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Kristina Smallhorn
PO BOX 1271
Prairieville LA 70769
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eXp Realty LLC,2900 Westfork Dr. Suite 401, Baton Rouge LA 70817
225-246-1812,Office [phone] ext# 149
Kristina Smallhorn is a licensed REALTOR® with the state of Louisiana, License #0912122918
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[CreatingFamilyMoments]

I lived in a mobile home for 4 years when my kids were small. You shared information I did not know about. Interesting.

[pheli]

I bought my manufactured home in 2008 at age 24. Everytime something breaks. It gives me more opportunity to gain experience and make it so it doesn't break for a long time. Not all of us are dumb and lazy. I love my manufactured home.

[dontdomeboo]

I would think that when someone goes mobile... They are trying to save tons of money and pay house off fast... Me personally I wouldn't look to go mobile to make a profit I think of it as trying to become debt free fast..

[ajpello]

How many millenials in the comments thinking of going this route?

[jungojerry]

When I first moved into my mobile, I was saving $300 a month from the apt rent I left behind. Over the next 15 years, apt rents have gone thru the roof while my space rent increased only a little - $430/month now. Thus, I have saved literally tens of thousands of dollars - and - I own the box I sleep in. Plus, since apt rents have increased sooo, so much, my $7000 investment has increased as well - I could get around $30, 000 for it at today's prices. Its in a small 55+ park and all my neighbors are great.

[ministerexharme]

I bought a used singlewide for 10k (Transportation/installation another 10k) and moved it onto a land I bought for 20k. I should be close to paying off my land, and my home. It was one of the reasons I chose this route. I love my manufactured home. It amazes me that people are disgusted by a mobile home, then purchase a tiny home for 300k. I have more land, and a larger house, for way less.

[Septembersrain]

With a manufactured home you can ask them to upgrade it to modular specs by asking for wind zone level 2 upgrade. The biggest difference is that you can put a manufactured home on family property (In Texas), whereas you are required to own the land in your name if you do modular.

[amyhayslettrealtor]

Some manufactured homes are very high end.

[NFNJP]

Really love how clear you explain the issues.

[sandras]

I saw a program/documentary that showed that many mobile home parks are deliberately raising their space rental rates to force people out, and then many of the renters can't afford the thousands of dollars to move their home, so they abandon them. Then if I recall correctly, the park rents them out again or takes possession and makes even more of a profit.

[surveyguyor]

you know, if you build a foundation, and attach to it, then when you sell it, it actually will sell for an improved value. not separate from the land as used personal property. you can sell it many times for near the same as you would a stick built house with the same square footage. I'm talking about on your own land, not in a park.

[davidtreeyi]

Brilliant advice Kistina, I bought a mobile home in Ireland, the rules are more or less the same as the states, a lot of paper work to read and sign, the rental for the site fees works out around, $4700 a year plus electricity and gas plus insurance, but brilliant way off life, and location is awesome, besides the Irish Sea and mountains behind,
Brilliant listen to your Internet blog about mobile home life style, as we call the mobile homes, Caravans
Greetings from Dave in Ireland

[thisisderf]

lived in mobile homes my whole life. there the norm where i live and i notice the value they have here so i want to start buying some and renting them out

[neilrevhead]

Own or be paying for the land before you buy a mobile / manufactured home Only way to go

[cdogvlog]

As far as investment goes a mobile home seems to make perfect sense only if your main investment is in the land it is on.

[savedinify]

In 1996 my wife and I bought a 14x60 Clayton. It was a nice home. Nothing wrong with living in one. It was in Missouri. Wind is no issue we even rode out a tornado in ours. Don't recamend it. But it wasn't that bad had little damage.

[ninjareflex]

I'm not even in the market for any of this. But like this info 😊

[KJPadgett]

My husband and I are considering purchasing a mobile home on an acre because rent in a safe area where we live is so outrageous. We pay nearly $1500 now and they're raising it again in two months. Meh. Costs to breathe nowadays. My goal is to be debt free and get out from under this heavy rent bill that's sucking us dry. I just want a little peace and quiet, a safe space, and some savings! lol

[brrberrymerry]

I appreciate this video a lot. I knew absolutely nothing about mobile home, and the price was reel me in.

[maryannkom]

My mobile home in the San Diego area has actually increased in value. The average rent costs for a 1 bedroom apartment in my area is $2, 500 a month. Th space rent where I live is approximately $850. So, many people can make their payment, and space rent payment, for considerably less than that. Then you get 1100 to 1500 sq feet and usually three bedrooms for less than what you can rent an apartment for. Manufactured homes hold up fairly well in the warm dry weather of inland San Diego County.