Should You Buy a Mobile Home?
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. With the housing market in its current state, it could be beneficial to buy a mobile home in Bend, Oregon. Be sure to learn about all of the pros and cons before you decide!
Advantages of living in a mobile home
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. With the quickly changing geography and culture in Central Oregon, this is a good reason to consider buying a mobile home in Bend.
These homes generally cost around 15 to 35 percent less than conventional buildings of the same size. This may mean you have a better chance at getting a loan if you choose to buy a mobile home.
Disadvantages of living in a mobile home
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 can be 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.
Should you buy a mobile home?
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.
Overall, the decision to buy a mobile home is not one that can be made overnight. While we have listed some of the top pros and cons, it is always best to reach out to an expert before deciding. Remember- we at Duke Warner are here to help. Click below to get started!