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nico2me

nico2me   , 57

from Spring

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Advantages and Disadvantages of Mobile Homes

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Like any other phenomenon in life, there are advantages and disadvantages to buying or selling a mobile home. The decision to sell or buy is usually dependent on the situation of an individual. Below is a list that should help your decision-making process as you look to sell or buy a mobile home as the case may be.

It is worth noting that mobile homes or manufactured homes as they are also called are suitable for practically all types of homeowners from the first time homebuyer to a growing family that need more space. Retirees and businesses have also found mobile homes to be beneficial.

Advantages of Mobile Homes

  • Ownership

One of the significant benefits of mobile homes is the ease of owning one as compared to brick and mortar homes. This is due to the relatively lower cost of owning such dwellings. Mobile homes also come in different types, making it easier for persons to own a home that fits their budget.

  • Flexibility

Another advantage of mobile homes is that they are more flexible compared to stick-built homes. This case mainly applies to persons that intend putting the mobile home on their land. Due to their semi-permanent nature, the houses can be quickly moved to different positions on a particular plot, or even completely removed and put on a new plot.

  • Mobility

This point is fairly obvious, going by the name – mobile homes. While moving these homes might not be as easy or cheap as moving a car, it is much easier to move mobile homes compared to permanent ones. If you intend living in a different neighborhood, you only have to transport the mobile home to your new location.

  • High-end Locations

One of the cheapest ways of getting into a high-end area is to purchase a mobile home. Lake property, beach property, and other such areas have higher land prices. However, buying a mobile home affords you the opportunity to live in these areas without having to break the bank.

  • Quality Control

Mobile homes are usually manufactured in controlled environments. This is unlike traditional houses that are exposed to natural elements during the construction process, which could lead to delays. Such factors could also lead to significant problems that may be hard to detect in the houses. With a mobile home, however, owners can move in faster when compared to building a brand new home, with the confidence that the quality of the house is controlled and tested.

  • Lower Taxes

Mobile homes attract lower property tax than brick and mortar homes, as traditional houses are considered “real property.” Therefore, a mobile home will be a great option if you find it difficult to get your desired financing for building a traditional house.

  • Maintenance

As mentioned earlier, mobile homes are much cheaper compared to traditional houses. However, it gets even better as it is cheaper and relatively easier to maintain mobile homes. Such worries like the installation and maintenance of gas lines, landscaping, plumbing/sewer lines, and other such issues are absent. This is particularly true if the mobile home is in a mobile home park.

  • Environmentally Friendly

Mobile homes are becoming more environmentally friendly due to the processes and materials used in construction. Improved quality and a smaller carbon footprint are some of the features and benefits of new mobile homes.

Disadvantages of mobile homes

This is where persons that are looking for how to sell a mobile home might want to look. However, it is worth noting that some of these disadvantages are also applicable to brick and mortar homes.

  • Depreciation

This is one of the significant disadvantages of buying a mobile home, as it tends to lose its value faster when compared to traditional houses. This is so as mobile homes are considered “personal property” and not “real property.”

  • Financing

As mentioned earlier, mobile homes are considered personal property and can be sometimes more expensive to finance, with higher interest rates and shorter terms.

  • Damage

Mobile homes usually sit on a lot and lack any permanent foundation. Therefore, they tend to be more affected by storms and other natural disasters compared to traditional houses.

Conclusion

The comparison made above will aid you as you decide to either buy a mobile home or sell the one you currently have.