A manufactured house may appeal to you if you’re looking for an economical small or mid-sized home. These buildings compare favorably with stick-built dwellings in some ways but not others. Be sure to learn about all of the pros and cons before making a decision.
Mobile homes normally have one story and no basement. This makes it easier to clean, maintain, and move into these buildings. Elderly residents appreciate the limited number of stairs.
It’s far less difficult to transport a mobile home than a stick-built structure. Consequently, you can leave a neighborhood or trailer park that becomes undesirable due to noise, crime, or high living expenses.
These homes generally cost around 15 to 35 percent less than conventional buildings of the same size. However, they’re more likely to lose value as they age.
Mobile home loans frequently have higher interest rates than standard mortgages. The lender may also require you to pay off a loan in a shorter period of time, resulting in larger monthly payments.
Manufactured homes are more susceptible to fire damage, especially if they were assembled before 1977. Due to the lack of a permanent foundation, they’re vulnerable to tornadoes and earthquakes as well.
Local government rules often prohibit these structures in urban locations. If you prefer walking to stores and restaurants, a mobile home may not provide the best housing option.
Manufactured homes supply an affordable solution that combines certain benefits of apartments, condominiums, and stick-built dwellings. However, a traditional house may offer greater safety and represent a more desirable long-term investment.