Every hardworking individual should be able to achieve their dreams which include being a homeowner.
While the thought of building a house from scratch may be daunting, the intricacies of buying a mobile home may be confusing for a first-time buyer.
In this post, learn all about successful tips to purchase your first mobile home. And to buy a mobile home, go to Lacet Niederrhein – Hersteller.
Knowing The Difference Between A Mobile, Manufactured, Modular, And A Park Home
The first thing to get to know is that different terms are being used for living spaces that are not necessarily built on site. As such these terms may seem confusing to people who are not familiar with them.
Although those terms are commonly interchanged in informal settings, understanding the subtle differences between each will prove to be worthy.
- Mobile Homes: mobile homes are often used to refer to trailer homes that were always on wheels during the ’70s. They are similar to the high-end RVs that are mainly used for cross-country travel. Another thing you need to know is that nowadays the term is considered interchangeably with “manufactured” homes.
- Manufactured Homes: manufactured homes are those living spaces that are approved by the Home and Urban Development and are mostly built off-site. They are called mobile homes only because they are transported to the buyer’s chosen location. Another thing about manufactured homes is that they enjoy the benefits of federal mortgages.
- Modular Homes: modular homes are also built off-site and transported to the desired location of the buyer. Modular Homes are quite different from Manufactured Homes in the sense that Modular Homes are made in sections which are then joined together at the site property.
- Park Homes: Park homes are an advancement of the old ’70s trailers. These are mostly used for seasonal vacation units and are specific to certain communities. Although, recently, there has been an in-flock of 1-bedroom park models that are mobile and resemble actual homes.
Buying In Park Vs Buying A Land To Put Your Mobile Home On
The most common practice of many people is buying mobile homes in mobile home parks, while there is nothing wrong with this, it’s also possible to purchase a mobile home along with the land it sits on or purchase a new land you want it transported to.
The benefit of mobile home parks is that it’s convenient, comfortable, and necessary utilities would have been provided. However, if enjoying your circle and privacy and avoiding site fees are your major concern, you can as well purchase land to transport your mobile home. But understand that it will call for extra costs to handle the basic utilities necessary for the smooth running of the home.
Cost Of Mobile Home
The average cost of a new manufactured home is between $58,000 and $120,000 which can be significantly higher or lower depending on the location, the manufacturer, and the type whether a single-wide, double-wide, or triple-wide mobile home. This is against the cost of constructing an on-site home.
However, it is advisable to always go for a new mobile home as against used ones even though it may be cheaper, the expenses of renovating may end up costing more.
Knowing When To Buy
The prices of Mobile Homes fluctuate during some time of the year such as January to March while some manufacturers also run their sales on discount. Understanding when and when not to make a mobile home purchase can be a huge difference between making a good investment and a bad investment.
Knowing The Sizes
Basically, there are three sizes of manufactured or mobile homes which are single-wide, double-wide, and triple-wide. While single-wides are about 15 feet, double-wides and triple-wides run about 26 feet and 45 feet and above respectively. The rule of thumb here is that bigger is most of the time better.