Buying a mobile home can be an exciting journey for any property buyer. After all, living in a mobile home has its share of benefits whether to a family, a couple, or an individual.
Living in a mobile home park for instance has its share of advantages as mentioned in the website Mobile Home Living.
“Here’s a list of the greatest advantages of mobile home park living: (1) Cost. Land rental fees typically include water, sewer, garbage, and recycling pickup. (2) No property taxes. (3) No overly close neighbors. You’ll never have to beat the ceiling with a broom again! (4) Minimal maintenance. Property maintenance is minimal – tree trimming and mowing is a thing of the past. (5) Small yards. Your yard will be easily maintainable but you still have endless potential.”
The continuation can be found here.
Budgeting for a mobile home
Realtor.com has shared tips on buying a mobile home. In their website article, they mentioned tips, foremost of which is how to finance the purchase.
“If you decide to finance the cost of your mobile home or land, the rules are a bit different from those for standard single-family homes. For a new single-wide mobile home, Golightly says financing is practically impossible through a larger private lender. However, you may be able to finance it through the mobile home sales company or through a credit union. For double-wide homes, financing rules depend on what type of loan you choose.”
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Facts of buying a mobile home
SF Gate meanwhile shared some tips on buying used mobile homes. One of the points raised in their article is including some upgrades to increase the value of the mobile home.
“Some manufactured homes might be structurally intact but in need of energy efficient upgrades. According to the U.S. Department of Energy, improvements such as energy-efficient windows and doors, extra insulation, caulking and insulated skirting can help to curb energy costs. These upgrades cannot only add long-term value but also instant value for a new owner of a used mobile home. Before purchasing the home, have a contractor lend advice or submit bids regarding any desired energy efficiency upgrades.”
Read the rest of the advice here.
Buying a mobile home can be a good option especially for those wanting to explore a more active lifestyle.