Ours is 1400 sq ft, so it's not really that small and the lot rent is less than half of what we paid to rent a 1 bd/1bth apartment that was 845 sq ft. I paid 30K in cash for it, so no longer having to throw $1400 away every month on something that is not ours or struggle with a $1200+/month mortgage payment, we are living the dream. Finally!
If your mobile home (Sorry, I'm not buying the 'after a certain date...' BS) depreciates at a rate equal to or higher than your payments, you will wind up in the same position as if you rent an apartment! Well almost... You'll actually come out better in the apartment because your utilities will likely be cheaper.
Sorry , my friend your wrong . My utility are cheaper .$75 a month . Rent will continue to go up on apartment in my area. Maybe that not applicable to you but for me it has . Once you own you own . If your concerned with depreciation then don’t buy . You don’t buy a mobile home to get appreciation . You buy one to stop paying rent . Financial independence . When you own your mobile home your only concern is property taxes . In my area rent $1200 mobile home payment is $550 .
I’m not here to convince you . Do the research yourself .l living the dream . With depreciation don’t forget about the tax breaks you get . Depreciation on a mobile command center is tax deductible . You don’t have to live in a mobile home forever . I’m going to pay off and sale mine in two years . It still be worth $35k use that for a down payment on a house . I wish someone would have told me that when I was 20. 🤓
The MEDIAN home price in my area is one point two million dollars. $1,200,000.00. without a mobile home, we never would have been able to stay near family. It's simple economics really.
You know there are actually a lot of younger people like me, a millennial who are looking at mobile/manufactured homes because it's more affordable. We watched our parents struggle to pay loans on homes down, we don't want to do that for half our lives.
@@thomasvarner4910 1998...South of Washington DC, even for 98 it wasn't cheap and it hasn't been easy paying for it. I'm still watching my mother struggle to pay for it. A manufactured home today would still cost me less than what my parents paid for a traditional home.
@@rach2111 What about cost of renting the lot? Can’t that get expensive depending on where you live? A friend is living in a nice home, but her lease for the lot is the same as my house payment including taxes. I have found that I can’t afford moving from my house to a manufactured home when you add in leasing the rather small lot in a nice area. I was disappointed
@@lindaallen8800 You can get one and put it on your own land so you don't have lot rent. I have 5 acres waiting for me up north and I'm putting a nice $100000-200000 manufactured home on it that I'll live in the rest of my life
I’m a single mom and brought my mobile home last years.i love my mobile it was affordable and very nice for my kids… If it wasn’t for mobile homes I wouldn’t be able to buy a house. So thanks for this video. Now we have a place to call home ❤️
I have been thinking about buying a manufactured home...I have a 3, 000 something sq. ft. home...I love living in the country. The neighborhood I m in is great...everyone looks out for me...my husband deceased going on 7 yrs. M 67, healthy, 115lbs. very, very active, thanks be to GOD, I still work (HLobby) m ready to downsize. I love it whenever I visit my son. He lives out in the country.
You are not poor. I am not poor. My Nice mobile home on 2 acres is paid for now. Utilities are cheaper than other people I know. Actually it is called vanity. Keeping up with the Jones. I don't need it I would rather put my money in the bank. It Is 4/29/20 with economy in the tank. Going to be alot of forecloses on those 150000 to 350000 homes. I am happy and no debt.
@Angel - You're actually smart considering the day and age of the rise of rental rates vs. the massive and rapid evictions leading up to a rise in homelessness that we are currently seeing due to this CV situation and even a few years before this situation started. I'm pretty sure that now a manufactured home doesn't seem bad compared to stress of potentially being on the streets. My prayers are with those who have found themselves in this situation and hope that they are able to get in a better situation. However, for those who are shunning people living in manufactured homes they should not do so because at any given time life's circumstances can teach you some extremely hard lessons. Remember, a home is what you make it.
Elizabeth Brower They are homes that can be moved if you install axles and tires, you can’t just back up to it with your ford pickup and pull it down the road, your statement sounds a bit ignorant in my opinion
Today's manufactured homes are not your grandmothers trailer, I find my three peice is better quality than the site built home I had. And it is a great option if you want to get something up on your property in short order.
Thank you I get so sick of hearing that. I have a co-worker that kept calling my house a trailer and speaking bad about it because it wasn't like his $100,000 house in a subdivision and you know what...he couldn't afford it and all the things that came along with it and now he's living in a house like mine but don't have the land.
@@NightmareRose86 its better to live below your means and save money as opposed to your coworker who was living beyond his means and now he is paying the price for all his excessive spending.
I did the same thing, I bought and old mobile home in a small quiet park for a $1000 during my divorce, a few years later I bought a much newer one in the same park for $8000 sold my old one for $2000. I lived in an area where a studio apartment rent is at least $1000 I was paying $425 a month for lot rent. Since then I bought a house and honestly I miss the simplicity of living in a mobile home. I would like to find a large piece of land far away from the city and put a mobile home and a nice garage on it, that's my plan for the future.
Told a family member that I was thinking about buying a single wide. He said and I quote " ewe , a mobile home " ?!?!? My response " THEN DON'T COME OVER "!!! He and his wife are butt deep in debt , not making ends meet due to buying a house. My wife and I are currently living full time in an rv and planning our vacation to Branson Missouri. Yep , living in your means is so much better . Buy what YOU can afford not what others think you should buy. Just because you qualify for the loan doesn't mean you should buy it. 2008 comes to mind.
Exactly what my sister told me. She said those are ugly 🙄 she lives an apartment with a lot of debt. My husband and I are almost debt free and have some money in our bank. We don’t live a lavish life style like she does, but we aren’t in debt and will have a home of our own soon 🤗
Yeah when we started to buy our brick home we owned a mobile home at the time, a friend had just bought a new house in anew subdivision. We are qualified to buy a home that cost more than the one she bought but we were comfortable paying for a home about a quarter of the price and the home was built in the 80s so not new. She proceeds to tell me how I will be so unhappy for buying a home thats smaller and not new, that I should just go ahead and get the bigger more expensive new home. I told her nah I'm not really into keeping up with the Jones and I don't need a 3000sq ft brand new house to make me happy. I prefer larger land than house because my kid likes to play sports, ride his go-cart and atv, we have animals and a batting cage. Ya know things we enjoy. Well we both bought houses in 2002. Its been 17 yrs and we are still in our house we are gonna have it paid off in about 10 yrs. They lost their house within 8 yrs and had to start all over again. The house they bought made them so house poor it was unreal. I try to buy with my head not my heart
I have a 4 bedroom 3 bath 2500 sq ft home paid quite a bit for the house, I have no land I live so close to neighbors and no privacy. I’m seriously considering buying some land and a budget friendly manufactured home being debt free is my goal! I don’t care if people think I’m “trash” or “undesirable “ who cares. As long as my family is happy. These homes are beautiful!
I have a manafactured home it’s 3 bedroom 2 bath and acre of ground it was bought brand new in 2014 and I’m very proud of it. I bought it by myself for me and my daughter after her dad passed. I don’t consider myself trash. I pay my bills and pay for everything I get. Just cause I live in a mobile home don’t make me trash.
My mama lived in Naples Florida in a beautiful mobile home ( called that in 1968) still gorgeous when she died a few years ago. It survived Hurricane Charlie with only a part of the roof damaged. Everyone had their roofs damaged in SW Florida back then. It never depreciated. She kept the inside updated with new flooring, kitchen appliances etc. over the years as needed. It was right on the canal and she loved it. I dare anyone telling me my mother was lower class because she lived in one. She was pure class.
I just left Naples last month after wanting to get away for a few days. There's a community of manufactured homes there and they start in the mid-200s. People who don't look at this as an option are missing out. You can find more modest communities as well.
I bought mine used from a friend of my brother. I went through a divorce back then. And was looking for my own apartment. My brother asked me if I be interested in checking out his friends mobile home . I was kind of iffy about buying it because like others I kept picturing this run down metal box in the back of my mind . When I first walked inside it my jaw hit the floor because it was so beautiful. Still live in it today . I have done a lot of upgrades not because I had to but because I found It much easier to repair and find it fun .
I live in a trailer on 15 Acer's of land I own. I put 75% down and was on a 5 year loan, but payed it off in 3 years. If you don't care what others think of you, live in non traditional homes. My family and friends have house payments for the next 20 - 50 years. I'm debt free and love the fact I don't own anyone a dime. I am aware that my trailer will tank in value in ten years, I plan on living in it for the rest of my life. You can remodel trailers, and they turn out great
This is my plan too! I don’t care what other people think about how I choose to live. I’ve learned that always trying to live other’s expectations will make you unhappy. Freedom is much more important than being a wage slave and living in debt where your time is dictated by others.
@@eamoroso56 supply and demand is what rules R.E prices and always will......but hey what do i know being in and out of R.E. investing/management/as broker/contractor since 1973? worst investment of all? a condo I paid 252 for in 2004 now only worth 349. Thats not too gewd...but I am not complaining") I'm living in it now for 2 yrs so uncle sam gets NADA! of my capitol (up to 250k gain) for single folks. Watch that tax break get taken away.....
@@yarygork2334 I should have mentioned that my parents doublewide also sat on 12 acres of land, 9 of it wooded + a 4 car garage. Sold it in 2 days with multiple offers, we took the cash one, which was also the highest, cash made life so much easier for me since I was doing all the work. The end of last year there was very little on the market around here & there was a bit of squabbling on the part of other real estate brokers, they get a bit aggressive when they lose, 😂
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I'll live in a mobile home that sits on 80 Acres that I own in a rural area than a $300,000 house in a subdivision around other people.
Exactly, I much rather have space and privacy, I would never buy a house in a subdivision where everybody is piled on top of each other, and I have yet to see a subdivision old and new that's not a bunch of neighbors all sharing each other's yards basically.
I never thought I'd live in a manufactured home, but while on vacation out of the country in 2015 my house burned down at a total loss... Since I already owned the 1.1 acre lot with a well and septic system I had the burned house torn down and purchased a used 2000 manufactured home and had it moved and set on the concrete pad I had poured... Just over 3 years after moving in I tell anyone who asks that I love it... I just retired last February and, although I don't earn a lot of money, I"m very comfortable with my living situation... Total land taxes are $800 per year, heating cost in Northern NY is about $800 per year, and average electric bill for the last 12 months has been $41.52 per month, plus insurance and my total monthly living expenses are about $200/month... It's just me and my cat so this 3 bedroom, 2 bath manufactured home is perfect... I've added a single car garage and a couple months ago had top soil brought in and seeded so it's a nice looking setup....Because my living expenses are so low I was able to spend 2 1/2 months in SE Asia earlier this year enjoying the warm beach weather and great exotic food.. Life is Good!!!! Thanks for the video...
Yep. Our new manufactured home is being built in the factory.. They will set it up among the 15 acres purchased before we ordered the house. We plan to cut off 10 acres, put in utilities, septic , ECT then sell them off in acre lots. We'll add a swimming pool to our own and a greenhouse for vegetables. Thus we shall make mucho dinero. Enough to place a good down on a site built one on one of the acres of the five we don't sell off. Land and development of the land is how you make money. I'll just have to suffer living in my brand new 1600 sq. Ft manufactured home with all appliances throughout, two decks (front and back), the in ground pool and the hothouse. Boo hoo. PS did I mention the attached garage?.
@Techrecycle4u Totally agree! I live in a paid for home in TX out in the country so no city taxes and I am paying a lot more for electricity, gas to heat and cool, triple taxes, internet is too high, cell service is so poor I have to pay for a land line. I live like a pauper - same 68 in winter 78 in summer. Have almost 100% LED lighting. Never would have thought of NY - even upstate as cheaper! My living space is around 1300 sq ft. Coop water does cost more, also NO competition for electric bill. They have raised my taxes 4 years in a row! Our property taxes have been greatly abused in this state. They actually almost make up for not having state income tax. In fact a big expensive house in the city would probably pay more in property tax than state income tax in most states except CA.
@Techrecycle4u tougher building codes in NY. My 1400sqft townhouse in central NC was so drafty that it cost as much per month to keep it at 78 in the summer as my mom's 3000sqft home in Vegas even tho it was always 10-20° hotter in Vegas then NC.
We built an FHA factory home/ manufactured house about 18 years ago. It is hands down the most comfortable home we've ever lived in. It's held up well over the years.
Manufactured homes are good. Only problem if you dont put it on your own lot & instead put it in a mobile home park, they keep raising lot rent. Lot rents are sky high. Get your own land.
I just bought my first mobile home!!!! I’m so excited! I don’t owe ANYBODY for anything in my possession... I OWN 3 foreign vehicles and a mobile home. I feel so financially free and I’m only 30!! Being a young, black female I feel absolutely proud to be able to say I own anything and I did it ALL BY MYSELF!! Nothing anybody says can make me feel insufficient. 😌😊🥰❤️ I recommend getting a mobile home to anyone who can afford one. It’s a great investment in yourself and your future!
I am So Proud of you . I told my son and daughter in the Service to buy a mobile home too Because you get your housing paid for, Why not keep it. Such a wise decision.
My parent purchased a lot $30,000 and placed a $73,000 manufactured home on a foundation, family sold the house for $250,000.00 in 2016, really increased in value!
BULLSHIRT! You get a TITLE after paying for this place the same as you get for a car. Nobody in the right mind will give you $250,000 for a used mobile home.
@@GeorgetteBu I’m a Realtor in the state of California and this home build in Woodland, CA., then licensed by the Department of Motor vehicles in state of California. Transported by semi-trucks to the property and placed on the foundation, then Titled by Escrow company to be a single family home on a lot, in a HOA controlled 55+ community. Value at completion of build out was $130,000.00 in 2001. I don’t have to lie, I have documents to prove it 🤣🤣😂
My parents live in a manufacturer home in Pahrump Nevada on a half acre and they love it. It's a nice clean house with a huge detached garage. They bought the house and half acre for only $120k. It's hour from Vegas. It was perfect for them because they have country life away from people but access to the big city when needed/wanted.
@@conniecharley9092 my moblie home in Hurricane Katrina was still intack the same as I left it when I left is did float a little (20+ft of water) where houses in the area couldn't be found other then a stick r 2
I live in Silver Springs Nevada, I bought 5 acres with a 1979 double wide for $20,000 7 years ago. Now I am selling it for $150,000. All depends on the economy, House demand, and condition of the home. TAKE CARE of your home.
Depends on the state too, though I believe many are coming round to realize the superior construction of manufactured homes. They started building them better in the 80's. Now they are nicer than my site built home which is just as rectangular as a double wide with useless space and no coat closet.
Our manufactured home sits on an acre. We have no mortgage or any consumer debt, including auto loans. Living affordably, within our means, allowed me to be able to retire on my 52nd birthday. I could not have retired until I was at least 66, living in my site built home with a mortgage.
@@Chy-th3sj OK. I'm great at waiting! I'm in Alabama. Our taxes for last year were $204. That would be $170.00 a month @×1000%÷12. In ten years it's gone up $40. I just spent that eating out.
did the same but retired from NJ to Va 2 months before my 50th birthday .Sold my house there bought land here and paid cash for a modular home and 3 acres of land .Only bills I have are my electric and cell phone and internet and insurance .That was back in 2004 and still going strong in VA .I love my home and my property .I have a full basement and taxes are only 12 hundred dollars a year here .Mobile homes have changed so much even since I bought mine .Mine is 2440 sq. ft .and took 2 cranes to set it and had it left on frame to make the floors more solid .I know my house can do 55 down the road ,try that with a stick built .Plus you have a set price no over runs and no delays and not subjected to weather .no wet slimy floors
I’m on my way, got the land for 20,000 and remodeling a mobile home, should be semi retired before 51! With no mortgage or land payment, remodeling the current mobile home, placing it on the front of the property, either rent or Airbnb, then put one on rear for me and the wife.
Just bought a mobile home and I’m so grateful and blessed to own my home. It’s not the largest but it’s mine and my mortgage is cheaper than renting. It’s like anything else, keep up with maintenance and don’t let it get run down.
We had a modular built in Az in a 55 up community that has 3 bedrooms 2 bath and it’s absolutely beautiful! We are 2 yrs into ownership and this home is so tightly built that we get no dust no bugs, nothing! We live here in the wintertime and come from Michigan each fall open the door and live. No dirt no mess…a stick built house wouldn’t be that tight! We are quite happy!
Buying my fist home after renting for 25 yrs!! My mortgage including my taxes and insurance is the same as my rent!! I’m on almost an acre of land. Love my manufactured home!!
If I may ask, what exactly are you paying for all of that all together? I really want to do this but I need a number so I will know how much to budget.
@@weotalks2810 You obviously have never had one. In the early 80's I bought one for 7900.00 lived in it for 7 years, rented it for 3 years at 375.00 per month ($13,500) then sold it for 6500.00. Came out $12,100 ahead. If I hadn't rented it the mobile home only cost me $1,400 to live in it 7 years!
@@weotalks2810 Get your facts straight...1) It isn't a trailer...I have one of those, a 26'er, in my back yard behind my manufactured home. Acre of land, 3br/2ba 1700sqft with detached 24x30 garage spent $215k for everything including landscaping a year ago. Current value $250k.
We live in a single-wide (14 x 60) that is permanently fixed on our lot with a 2 car garage, 2 car carport, beautiful lawn, concrete driveway... not because we couldn't afford a site built home, but rather we didn't want to invest everything we have into our shelter. It has worked out great. We are on a plan to pay off our house in 6 years (3 years to go) and we will be completely debt free.
@@MAGAMAN I'm not sure I understand. Oh, do you mean they can learn from me? 😂 Yeah, I would agree with that. It hurts me when I see their (our) debt calculator. A little frustrating when I compromise nice things to be out of debt and they indulge in nice things and rack up debt.
My cat Marty (real name) wants 60 ft long home BAD to chase his 3 yr old Calico girlfriend as our tiny condo has them bored and restless.I am looking for what you have!! My own lot means not paying 800-900 a month space fee in No California. Indoor only cats for longer healthier loves. @@SinSGone
I worked my way through college living in a 35 by 8 foot mobile home. It was my first true home and I loved it. I lived in a 65 by 12 mobile home as I worked as a Probation Officer going to law school at night. When my marriage broke up I moved from my comfortable water-front house into another house trailer as I continued working as a Judge. I loved each mobile home I lived in and as a man with a six figure income, I could have lived anywhere when I chose to live in my last mobile home.
It does. I watched a news video (can't recall exactly who did it) about mostly retired people who purchased the home affordably but the land was leased. When the lot rent increases, they were faced with moving or selling the home - neither of which was affordable.
I have owned 3...and this is what I will say;you get what you pay for. if you order the home, don't look mostly at wall colors or "pretties" first, start with construction: 2x6 walls allows more insulation than does 2x4, house wrap matters more than pretty faucets. higher r-value insulation in the ceilings is more important than a factory installed dishwasher. those that worry more about appliances than anything else, think about this...ur prolly financing ur home for 15, 20 or 30yrs...and that's what ur financing those appliances for as well. do yourself a favor, order the home properly upgraded and pre-prepped for utility savings, warmth, cool and comfort...everyone sells appliances everywhere and they finance for 2yrs.
The only downside of mobile homes is that they aren't prestigious. If you don't need the admiration of others for the kind of home you live in, no problem!
The only dowside? They depreciate like a car. They make tornados very happy. When you consider the cost of land, improvements like utilities, driveways, garage, there is no way you can justify spending money on a mobile home. Just look at what you an buy a ten, twenty year old mobile home for and that's all you need to know. Never buy a mobile home unless you like digging a hole and dropping your paycheck into it.
My father was a successful psychiatrist and brightest man I've ever known, and he lived in a mobile home. I've known CEO's and college professors that also lived in mobile homes.
Thank you. I have been debating to purchase one because I can’t afford $150,000 home . Some of these homes are much more beautiful than construction homes
We are moving from our 1250sq ft home with mortgage and taxes of 1600.00 month to a mobile home that is 1215sq ft with mortgage and site fee (it's in a park, we don't own the land, just the home) of 900.00. Going from 3BR 1bathroom to 3BR 2 bathrooms. the mobile home is brand new so not inheriting anyone's issues. I saw the tie downs - and I doubt it will go anywhere.
I have a beautiful one in South Dakota on a bit of land and I absolutely love it! I actually prefer my manufactured home in South Dakota over my stick built one in California every day of the week.
Stacy Vigus hubby and I are looking for land to retire and put a manufactured home on. I visited Deadwood and Mt Rushmore area in my teens and thought it was so beautiful! Always wanted to go back. Been in Texas for 27 years and am sick and tired of the heat. Born and raised in Canada so the snow doesn’t deter me. Where in South Dakota did you purchase or would recommend? Thanks!
@@erinmcbride-spivey6595 My place is in the Rapid Valley of Rapid City. I'm out towards the airport. I originally bought 3/4 of an acre with my manufactured home but this year I was lucky enough to buy another 1/4 acre from a neighbor to add to my elbow room. Where I am there doesn't seem to be quite as much snow or hail as they get it town. And I'm right near Rapid creek for any fishing
I love my (2008) manufactured home in Western Arizona/ Colorado River cost: $94,000 utilities: $250.00/mo tax: $800.00/yr *2 bdrm/ 2 bath -2 car attached garage (1250 sq ft)
Manufactured home are nice if it fits your budget, but if down the road you want to refinance you'll run into problems. Most of your major lenders will not finance a Manufacture home and the asset value is lower than a home same size that is stick built.
@@jonathanyates5198 Dear Sir I hate to disagree with you but it is and I have the proof to back up my claims. It maybe different in your area you live in but the statement I gave below speaks for its self. Now these MFH were put in the following states, Idaho, Utah, Montana and Wyoming. The MFH homes we installed were Nashua, Guerdon, Champion and Fuqua there was another type we tried but I can't remember its name. I don't know if you were around when the Greentree loan company who was one of the major MFH lenders sent the industry on a tail spin where the main lending banks wouldn't touch MFH's , as I stated it is better now and I did finally get a refinance with a great rate, but as stated if I had to do it over again I would NEVER get a MFH again!
We started our home owning journey with a manufactured home (we call it a mini home) in 1989. After about ten years we moved on to two site built homes and just last year returned to a mini home as we will head into retirement in the next few years. I love this home, it’s fashionable, it’s one level living, three bedrooms and two bathrooms. No mortgage and little upkeep. Just what we were looking for going into retirement. I wish there wasn’t a stigma to owning one of these homes. Our home is nicer than many regular homes out there.
Agreed. Thar made me almost want to leave the video and never watch another one of yours again. But I staying for now hopefully it doesnt happen again.
My husband and I lived in a manufactured home until he passed away. We had ours manufactured in Maine and delivered to New Hampshire. We loved our home and we were proud of it. Paid in full, too!
Most of my childhood was spent in "trailers" or mobile homes. Nearly all my family owned and lived in mobile homes, some had them on land they owned and some lived in trailer parks. Several, like my fantastic and nutty Aunt May, lived in trailers that were always on the move and worked as carnies as well as selling fireworks and Christmas trees. Say what you will about my trailer park trash kin, their demeanor, character, morals, intelligence, ingenuity, generosity, and fortitude will stand up to any test. It was an honor and privilege to grow up amongst and be raised by these fine individuals, everyone should be so lucky.
Ain't it funny how people that society would consider trash end up being the most honorable people you could ever meet? And then you meet people that are high society and they're just... Well... We won't go there on this channel!
Stumbled across this video looking at "shed to house conversions", anyway I have this conversation all the time. After I got out of the Marines, I move back to home town Texas... A few years later I purchased 1.2 acres and ordered my 2001 16x80 Caviler 3 bed/2 bath. The base price was $29,995 I did a few upgrade to the order zone 3 construction and thermal (double header doors windows, 16" center outer walls and roof, R30/R19 insulation, OSB under the vinyl siding, etc..) Took the price to 31,500 and I bought two points on the loan, financed it for 20 years, 5K down @238 month. Paid it off FREE and Clear in 2008. Last year my property tax was $338 and I haven't had a house note in 11 years and counting. I always get the argument....well it goes down in value like a car, my response is...OUTSTANDING, just means my property taxes go down every year as well (not fond of being taxed to live in my own house). As far as cheaply built, I sheltered in place for all of the following Hurricane Rita, Hurricane Ike, Hurricane Harvey, Tropical Storm Imelda....took them like a champ (disclaimer...I did put a roof on after Rita, due to crap hitting and knocking off shingles) I have friends that pay between $3000 and $8500 just in property taxes....in South East Texas, that is insane.. just to live in their house that they are still paying for!!!
This is my goal! I never thought so much about buying a manufactured home, the older I’m getting the more I’m realizing I don’t want to pay in a home for 30+years! At 1300 a month. I always wanted the big house and the fancy cars. Now I want to be debt free with some land and no mortgage!
This is my goal! I never thought so much about buying a manufactured home, the older I’m getting the more I’m realizing I don’t want to pay in a home for 30+years! At 1300 a month. I always wanted the big house and the fancy cars. Now I want to be debt free with some land and no mortgage!
I moved in to my mobile home after a divorce. I am one of those guys who could careless what people think. That being said mine has been payed off for 11 yrs. I had a few buddies who gave me a hard time. However now they all think I’m the luckiest guy in the word. I pay 489.00 dollars a mth for lot rent! Water, trash and basic cable is included. I pay $96 a year in taxes cause it’s a 1977. The park I live in also has a pool for them hot summer day. I have 2017 Dodge Charger Scat Pack a 2016 Ram 2500 with a 9 foot plow and a 2017 Street Glide. They always ask how can I afford all this and I tell them. I don’t have a $1400 mortgage. Plus all the extra bills that come with it. I take good care of my place. I spend a few weekends a summer going through my place to make sure all is good. I keep up on the maintenance! I’m golden! I will retire with good money in the bank and not a lot of bills. Who the sucker know?
I have no problem living in a manufactured or mobile home, but I don’t see how it’s worth it compared to “real” homes, because you have to pay the lot fees ranging from 450-800 a month on top of your mortgage. I simply don’t understand how thats worth investing in unless you already own a plot of land.
I feel ya. I just bought my home earlier this year (2019) and its a manufactured home that was placed on a foundation so it's considered real property sitting on my 4 acres. Great for me my wife and 2 kids
I did similar but have no rent since I found approx 2 acre lot for under 30k with is a huge steal of a deal and a used little singlewide for under 5k. Everything payed off, now I got a 2017 Mustang GT with roush performance, 2014 Raptor, a custom Ranger minitruck, a current F100 coyote swap project, and I'm contemplating getting the new mid engined Corvette. Saved fuck tons of finances to actually have fun. My coworkers live in 3k+ sq ft homes in gated communities and drive used minivans/crossovers or entry economy cars. Big difference in choosing a right "lifestyle" can make.
We've lived in a manufactured home since 2008. It is well built and holds the warmth in the winter. We added two decks, two skylights, and a pellet stove. It is a wonderful open layout and we love it. We have 3 bedrooms, 2 bathrooms, a laundry room, a sun room and an office plus living/dining and large kitchen. We put wood floors in the main areas and it has sheet rock walls throughout. We love it and could sell it today for almost $100K over what we owe due to housing demand in our area.
I grew up in South Louisiana. I was born in Baton Rouge. Listening to Gary talk made me a little home sick. Lots of good ole "Deplorables" in Louisiana.
hey Cajun swamp Fox, My lady is from Opelousas I am a New Yorker...True story we were going up towards villa Platte after a nasty flood, this was years ago, and so I see all these homes surrounded by water. I say to my lady "gee thats so nice, people live in the middle of ponds down here huh? But where are the bridges and boats?' She looked at me...
If you buy a lot in a nicer neighborhood it doesn't mean you can put a mobil home there. They are mainly restricted to rural areas and trailer park neighborhoods. (At least here in Arizona)
Lived in a manufactured home all my life, I love that a major part of my finances doesn't go to a house that is a burden for 30 years of payments. We had ours custom ordered like we wanted picked all the finishes, flooring, siding and shutters. We also had extra insulation added . Our electric runs us right now, even with Entergy's price increase, $200 a month with running the AC at 70 during the day and 67 at night. It withstood the hours upon hours of over 100 mph gust in Ida here in Lafourche Parish with only a few shingles missing, perfect chance to upgrade our rood to corrugated painted roof. Main thing for storms is to make sure the straps are extra tight to ensure no movement can happen.
My family has a large ranch in Texas. Our choice was to either spend a fortune to renovate an existing 1930s ranch house, or purchase a nice modular home for less than it costs to do the renovations.
@@dx5018 No, it's on the ranch. It turns out that renovations would be so incredibly expensive as it would have to be completely gutted and rebuilt. Also, where it is, we really cannot sell it unfortunately.
I'm basically facing the same issue. My family owns several acres in NC but the house is over 100 years old and too costly to renovate. We will purchase a mobile home and put it on the property instead.
We are in the process of purchasing a manufactured home and I am very excited! We are only getting a single wide but even in single wides, these homes are very impressive! Very excited to be a homeowner!
People look down on ones who live in mobile homes to make themselves feel better. Kinda like bullying at schools, the bully bullies a less liked kid to make themselves feel bigger and better about themselves. I have lived in various mobile/manufactured homes for about 40 years with a short stint in a stick built. I prefer manufactured home over stick built. Someone tries to act snotty about where I live, I just smile because I know they have a huge mortgage every single month for years and years.
Thank you for your comment I myself live in a mobile home and a nice one at that my so called friend asked if I’m still trailer trash and then said he was kidding he’s not my BB friend anymore we are selling cause we have a river house and want to get out of the city but overall I really like my mobilehome😊
My wife and I have mfg home in a camp ground with a pool dog park hiking trails arcade Snack Shack fishing pond playground for children basketball court RC track and Zumba classes for my wife during the camping season we call it a resort. We live better than the people that look down their noses at us do with their Foundation Homes
I have lived in a mobile home all my life, and i know what you mean, i was bullied for it. When our mobile home was repoed when my dad got into an accident we lost our mobile. worst season ever, luckily my uncle knew something that was selling a mobile home for $1500 they sold it to us for $500 and still live in it now. Going to look for a new mobile home in the spring.
I have lived in a mobile home all my life, and i know what you mean, i was bullied for it. When our mobile home was repoed when my dad got into an accident we lost our mobile. worst season ever, luckily my uncle knew something that was selling a mobile home for $1500 they sold it to us for $500 and still live in it now. Going to look for a new mobile home in the spring.
I like the fact that they are look down on as it makes them cheaper and more attainable. Perfect fit for me as I'm someone who cares more about living a simple and affordable life than caring what people thinks.
I just stumbled onto this. Very interesting, and it moved me to post my 2 cents. I have worked building stick built homes, both small inexpensive houses and 6000+ square foot houses in upscale neighborhoods around the Springfield-Branson Mo, and Plano, Texas areas. I also worked at Skyline Mobile Homes Arkansas City, KS plant for about 5 years 1981-1986. The Shell Department to be exact as it was called then, building side-walls, end-walls, and roofs. These were pretty much the EXACT same myths floating around then. In the 5 years that I worked at this plant, the improvements constantly being made to the quality of the materials and the construction process I thought were very impressive. These homes are built with the same material a stick built home is built with, under much stricter guidelines, and under constant scrutiny of onsite HUD and UL inspectors. Today, I live in a stick built home, because that's just the way it worked out for me. However, if a time to consider a manufactured home ever came up, these myths would not influence my decision. PS, a trailer is what you pull your boat on.
You sir are correct.. and I agree, fema dictated mobile home guidelines thinking they would destroy the mobile home industry. What they did was to create a product far superior to site built homes.. and now, mobile homes set the standard in the industry. I laugh when people say, but a tornado... hahaha, nothing survives a direct hit from a tornado. I did hurricane clean ups for years. Mobile homes survived better than site built, in every town..
We have an 1848 sq ft home and LOVE it !! It's 26 years old now and in GREAT condition. Everyone that comes over says how beautiful it is. We're perfectly happy !
Finally, Gary mentioned a few of things that are interesting 1- Current mobile homes are often constructed using 2 X 6 wall studs (allows for increased insulation) most all site built homes which are single story, are constructed using 2 X 4 wall studs 2- Mobile homes are constructed using OSB siding on the exterior of all the walls, many site built houses only have OSB, only on the corners, with metal angle strapping opposed to OSB, and nothing but siding and wrap after that. The Mobile home will therefore have a much better "Burn Wall" than the site built home which only has OSB in the corners.
Thank you for this informative video. I sold Manufactured homes for years, lived in them longer. Everything the two of you said is true. May I add a few things? 1) Value. If you want your home to appreciate in value put it on private land. Take care of it. Done. Simple. 2) If you want your home to last a long time understand the maintenance. Whenever I encounter critics who have lived in a manufactured home, inevitably the conversation comes around to door and windows not working and other related concerns. I always ask, "How often did you level your home?" And it is surprising how often the answer is, "What?" You HAVE to understand what frost heave is, and how your home is set up. 3) I sold homes to some very wealthy people. Often to people who had raised their kids to adults and wanted out of stick built homes to avoid the upkeep and taxes and generally wasted time for space unneeded. Kind of people who live in them!?!? Oh, that's just wrong to even think. 4) One last thing. Home builders don't want you to know that manufactured homes are made with the same materials as site built homes. They don't want you to know they are lower priced because they are put together on assembly lines with a process that exceeds anything site built homes can achieve. (You ever seen a half built home sitting out in the rain? You'll never see a manufactured home like that!) There is something called politics and builders of site built homes spend a lot of money to protect their industry. Why? When if manufactured homes are as bad as they say why do they need to lobby against them? I was involved in selling manufactured homes, removing the steel frames from them...using a crane to lift these homes onto a basement. Guess what that made them!!!!???? Until HUD made it illegal and guess why.....lobbying from site builders. The same ones refusing to make economical homes because they say there is no money it.
I would rather live within my means than to live in a mansion I can't afford so people will THINK I'm rich ! I don't give a rat's butt what anybody thinks 😂😂😂😂😂😂 and I would rather have peace of mind. To be rich is to be DEBT FREE for Gods sake.
Delicia Estes you don’t get it buying a house is and investment for the future! Buying a manufactured home is throwing money away! as well as your future in some cases smart decision making is what makes the difference you gain nothing from buying a mobile home
I said the same thing to someone recently: I won't live beyond my means to impress anyone. I love my 2 bedroom home, which I own, and pay just over $400 in monthly lot rent. Our community is clean, safe and has paved roads. Everyone respects where they live. Life is good.
U ain't kidding about to get mine just got divorced been in a house that doesn't mean happiness it's about being dept free by getting a mobile home I can get other things. Also save and travel being in real home just living check to check ain't happiness it's missery.😁
@@mrnice9232 I purchased mine last year and have had offers for nearly 5k more for the house. I don't consider that throwing money away. As mentioned above, being debt free is nice. Your home should form about a quarter of your income. Mine is paid off so that's not even an issue. If you don't want to live in a manufactured home then don't. But for the money they are a fantastic option.
You pay a higher interest rate when you buy one of these. Now days, they are very pricy. 100k or more. If you have to sell it, good luck! Banks don't want to lend money on a used manufactured home. They are great if you own your own land but to put a doublewide on a rented lot is crazy. Your landlord can double or triple your rent over the years and there is nothing you can do about it.
Kristina Smallhorn they also qualify for conventional financing and here in Washington State we have down payment assistance loans through our state bond programs. Again, these homes are on land, permanently affixed to a foundation or basement and the title of the home has been eliminated making the home Real Property. If the home is in a park, they can be financed as well, however the type of loan is different and generally is for a shorter term, larger down payment and higher interest rate.
Thank you for making this video!! About 1&0 years ago. We left a traditional home and purchased a repo refurbished single wide for about 34k. It was probably the best financial decision we ever made. And because we did take and made upgrades to the home we sold it for thousands more than we paid for it!
My husband and I about 9 years ago bought a very nice used single wide with vinyl siding for $16k moved it to our 54 acres to live in while we saved up for building a brick home. 5 years later we sold the m-home for $16k because we took very good care of it , only upgrades we made was ripping the carpet out and put down new wood floor in the living room and also replaced the vinyl in the bathroom and put down tile. So in most cases as long as you take good care of your m-home and make upgrades within your budget you can atleast break even.
My "mobile home" was built in 86. Anyone who tells you they don't use some inferior products has apparently never repaired "Quest" pipes. The minute you start having to do repairs you find where they cut corners to save money. Love being debt free but some of these myths are at least true on older mobiles.
There is a HUGE difference in quality simply based on the year it was manufactured. The regulations haves improved as time goes by. The rules in 2022 are very different than they were in 1986. But even a site built home from 36 years ago is going to be much different than a site built home from last year. 🤦🏼♀️
@@theartistjodievans I'd be willing to bet I could still show many areas where they use inferior products and cut corners in ways that make them harder to work on.
No doubt. Having tried repairing some older mobiles (60's) and finding the 'studs' aren't even 2x4, they're 2x3's. Much of it is (or was) a matter of how they're built, as a trailer. Where the decking is built and things set on top and fastened. Some of it done to allow them to be trailered without blowing out windows and things. Stresses most foundation based stick built homes don't have to endure. Lighter in framing, lighter components, etc. While some of the newer ones have improved they're just not proper stick built homes. Many trailers aren't secured as the example they showed with all the tie downs. Claiming it's fine because it weighs 70,000lbs is a bit bogus when it comes to heavy winds and tornadoes. Loaded semi's are 80,000lbs and tornadoes have no trouble tossing them.
@@fieryembers9137 Agreed. But you can make it worse by leaving crumbs etc laying around. It's just the area or state you live in. Pretty much the whole gulf coast and up to Tennessee and SC has Palmetto bugs, fire ants etc. It's just a way of life.
@@PAULY-P exactly but we are a strict household and never leave messes as such. Yet every winter the infestation still occurs and it's extremely difficult to get rid of them.
Housekeeping AND environment. Water roaches and spiders in rural Louisiana are gonna get in no matter what. That’s why we pay exterminator to come every 3 months plus he sprays for mosquitoes and that’s a life saver. Lol
We went with a Manufactured home because we were pressed for time, we didn't have time to build a stick built home. But for what we got, we did get more home for our budget and our home now has nearly $100K in equity. We also put ours on a foundation and not a park.
Kristina, I bought a double wide 3BRx4 bath home 24' wide. It is covered in half logs - so a log cabin. I had the electric company come out and give me a reading on insulation. It was already about 5 years old. And, there was not one thing they recommended and they said that it was a very good property for energy. This was not true when I had the electric company do my home that was quite nice in FL. It required all kinds of new insulation and windows. and insulation in the attic. Yes, oversized AC in Fl and got mold because of just what he said. People come into my place ( who have regular site built homes) and gush over the place. I have added a garage and a greenhouse and front and back porches. And, it is on 28 beautiful acres in TN. I have never owned a manufactured home before and it is in the cadillac group of them. It is now 14 years old since being built and has some issues for repairs, but so do site built homes. Most people have no idea that it is a manufactured home. BTW, I am a retired professional.
I’ve made a lot of money on manufactured homes. I’ve heard every definition of them 🤦🏻♂️ They are built well today...you know if your home can travel down the road at 65 MPH it’s built well
Chuck 555 funny you said that because when my mobile home was delivered the driver said that he was doing 80mph on the interstate hwy and not only did my jaw drop but it fell completely off because I’m talking about a 5 bed 3 full baths huge unit so it must be well built.
Night Garden very good observation....my new home was built during the rainy season and I asked what the procedure was if the wood is wet....they said they use a meter to test the dampness of the wood before they start back on it....yeah right
Thomas Scott well as a buyer and flipper yeah Fleetwood is on the bottom of the manufacturer’s......I didn’t buy to many of them. Palm Harbor, champion, skyline
2:22 - I didn’t know that mobile homes “attract” tornado (as the myth goes). Well, if there was any basis in fact for this, we should set up decoy mobil home communities. The tornado will be tricked into attacking the decoy instead of real/occupied communities!!!
One issue with manufacturing homes is financing. Alot of banks won't finance them. If they do finance them they won't do it for 30 year terms and will charge a higher interest rate. Which this often translates to payments as high as site built house payments. They are built well and offer nice floor plans. But they do have flaws. One other flaw Is some areas it's hard to find a place to set up your home. Not alot of available lots or land. Some areas won't even allow manufactured homes to be put in. Trailer parks charge high rent that can be increased after moving on their lots. Which if your paying 400 or more a month just for a lot and another 800 to 1k for your home. Your paying basically a site built house payment then. When you buy a lot that doesn't have a sewer or septic. You have to pay to have a septic system put In. So by the time you buy the home, land, foundation ect you will pay about the same as a normal home. Specially with the higher closing cost, shorter loan terms and higher interest rates.
They're still not as good as a 40 year old home built on a foundation, mobile homes are improving at the same time traditional homes built on foundations are being built more poorly, they haven't caught up yet though.
Mobile home yes they're made to code especially in FL. RVs are cheaply made no matter how much you spend. Recent quality has severely declined due to increased demand.
We bought one in 1998, brand new- it ended up being a huge mistake- but looking at them now, I am seriously considering getting me a huge piece of land and one of these new homes.
I live in a modular home and probably will til I die. I've owned and lived in 4 throughout my lifetime. My last one was damaged from a tornado in TN in 2012. I had roof and siding damage and it did fall off the foundation, but it was a 70 model. I got another one in 2012 and love it. My home wasn't damaged anymore or less than my neighbors in houses. My only complaint is that walls are built over flooring such as carpet and linoleum. So remodling can be a big chore getting close to the walls to put in new flooring. Thanks for the video and you are absolutely right. They are definently tied down extremely well. I feel perfectly safe in mine and I live in tornado alley. Lol. No matter where you are seek safer shelter if possible during bad storms, but a house made from brick, metal frames, logs or whatever other materials can be destroyed by mother nature. Mother Nature can't be controlled.
I had a hard time getting over everything I ever heard/learned about "mobile" homes growing up. And I know a person cannot be judged based on what type of home they live in but my family did it all the time. My husband and I wanted unrestricted land but to build a house was way more than we wanted to spend. So we looked at some manufactured homes. It took over a year for me to get over all the voices in my head so to speak to even be able to say...we're buying a manufactured home. It's being built right now. Can't wait.
Most of these homes are more beautiful than the regular stick builds. They have modern appliances, countertops, and some even have fireplaces. I’m currently looking into modular/manufactured homes for my 1st home. Can you do a video on what all is involved, like land purchase and prep, plumbing, utility hookups? Great video btw!
I currently own and live in a foundation-built brick home, built in the mid 80’s. It’s truly a beautiful home. I also own separately, 6 acres of land in the country. I have no problem whatsoever, selling my house and purchasing a manufactured home for my acreage.
This is about the only time that you can thank the insurance industry for pushing higher quality construction in these type homes. I just bought a year old modular home and after 46 years of home construction, i can tell that an extra effort was made to make it safe, fairly fireproof and very efficient in maintenance.
I bought a mobile home from a great aunt who lived in it 20 years, I lived in it 8 years, my brother lived in it 10 years, and then it was used as a rental for 15 years. The last owner got rid of it because her last renter totally destroyed it. Broke the windows, punched holes in the walls,tore the toilet out. But until then, with normal maintenance as on any home, it lasted 53 years until 2017. So it was built in 1964 when the building standards were not as strict as they are now. Today’s mobile homes should last longer.
I always get a kick out of hearing people just repeat what they’ve heard about them without really taking a look at them. I live in a traditional built home, it’s a really nice house, but damn there are double wides that put my home to shame. Anytime someone says they’re junk and not built well, tell them next time they’re out driving pay close attention to mobile homes they see. There are 1000’s out there from the 70’s and 80’s (some even from the 60’s), in good shape, and still being lived in. Mobile homes require maintenance just like a traditional home. Both fall apart if you don’t keep up with the maintenance.
I use to live in a mobile home and the one thing that I've seen in videos recently are the cabinets are built out of mostly particle board that is covered with a paper material. They tell you it's made out of wood and it is but it is chipped up pieces of wood or sawdust that is mixed with a resin and pressed together to make a board and then cabinets are made out of them and drawers are made out of them but it is not a solid wood material because those are a lot more expensive. Again they will say it's made out of wood but that is misleading when it is made out of particle board not solid wood. If you buy furniture it is easy to get scammed. I have Broyhill Furniture that was sold and labeled as solid wood but the only solid wood is the top and the drawer fronts and that is all. The rest of it is a paper covered particle board. I had some of my furniture get ruined because of moisture and it swelled up and it's hard to fix it because it's all glued together very tightly. A lot of mobile homes have very thin moldings that are not house grade moldings so you have to be careful what you buy. I'm sure if you want to pay for it they will build you your home out of house grade materials but you will pay a premium for it. In my experience the plumbing and the fixtures are not the same as house grade except on occasion you might find that they are. My mobile home I use to have had particle board flooring and we replaced some of it. My site built home has particle board flooring on top and the underneath that is attached to the floor joist is plywood And I hate the particle board with a passion because it swells when it gets wet and overtime you can have problems with it in a home. One problem I have had in the past with trying to replace fixtures is you often have to go to a place that sells fixtures for mobile homes and so many other parts are not the same unless you're able to get them installed from the manufacturer with house grade materials. Remember do your reading and your homework to make sure you understand everything you can about mobile homes so you get what you want if you can afford it.
Been living in our manufactured home 26 years, have done upgrades. House is on quarter acre, two car garage, big basement, love it well insulated wood burning fireplace and it is ours, can't beat it, very comfortable.
Set up a 2018 1600 square foot manufactured home on 2 acres and put it right on the market and the value went up by 40,000 above what we payed for it right away. We didn’t end up selling it because we’re going to add tiny house and Airbnb it and then rent out the home and move. Our mortgage is 700 a month which is cheaper then renting an apartment. Definitely recommend manufactured homes!!!
Just wanting to add my appreciation for you posting the facts, and our experience. We bought a '69 model double-wide, so pre-HUD, 23 years ago, and had it moved 120 miles from Helena, MT, and put it on our 20 acres, which we owned free and clear. Yes it has its issues but it was paid off in no time, seeing as it cost less, far less, than a new car, and not having a monthly expense for housing allowed me to stay home while our children were growing up even though my husband's income wasn't the best. We've been here 23 years and have fixed it up a lot. Like I said, it has issues but it has kept us warm and sheltered all these years. We're looking to either build a home (ourselves, no contractors, husband is super handy) or, due to his lack of time, possibly get a manufactured and put it on a basement.
I am a retired real estate broker. When it comes to Mobile/Modular/Manufactured homes, they can be a risky investment. A well made double wide home set on a permanent foundation on a parcel of land that you own will appreciate overtime, not as much as a stick built home, but they will appreciate. On the other hand a cheaply built single wide home sitting in a mobile home park is a disaster as an investment. Many times if you try to sell it after few years it may worth less than what it costs to move it.
@ Well it depends on what you call modular. We recently had a home owners group sue a builder for moving in double wides and calling them modular. The HOA won.
@@HaroldReece the key is if the home is set and there is a steel trailer frame under it, it's a mobile home. If it is hauled in on a trailer and the movers take the transport trailers home with them once the home is lifted into place, it's a modular.
My home, in a park, installed in 1993 that I paid cash for, has nearly tripled in value. We didn't buy it for an investment, we bought it because we live in one of the most expensive locations in the country and didn't want to leave. It's where we were raised and where our families are. It wasn't cheap by any stretch of the imagination. Our space rent is one thousand dollars per month CHEAPER than a one room apartment in this area. 1560 sqft 3br, 2 bath, living room, dining room 2x6 exterior walls etc. We looked at dozens and this floor plan was different than the rest. The wife fell in love so we bought it and have loved it ever since.
@@stevemitchell2252 well, I've been inside those walls and yes they're 2x6 even have the build sheet from previous owner who specified 2x6 for exterior walls. Interior walls, some are 2x3 others are 2x4 but it makes no difference to me if you do or don't believe it. I have nothing to gain by telling what's in my walls. Just info. If you're having one built, just ask and pay for the upgrade.
I just have to say I have purchased 3 homes that were not manufactured mobile homes and can honestly say they were all poorly made, and your right, it matters how much your willing to spend on any home manufactured mobile home or conventional homes....people really need to research before making crazy insinuations, and it does matter if you are buying a Chevy, Cadillac or Mercedes ! Thank you Kristina for your shows! Everyone should be so lucky to be able to have a Realtor as honest as yourself!
The " insinuation" is that when a trailer is seen out in the wild 99 times out of 100 it IS NOT no premium quality. Drips, mold, & rot from underneath are all the norm!
I owned a trailer park. The mobile homes were owned by the tenants. I bought one. I loved it. Great design, no wasted space, open, so nice. It was a 1974 and had always been maintained well.
I'd love to buy a trailer park. Almost all cash business, you can raise the rent any time you want (annually) since what are they going to do? Move? Then, when the area gets built up around it, you can sell the land and retire.
I live in a manufactured home in a nice city in an old neighborhood. Nobody can even tell it's manufactured, it blends right in. My kids and their friends love to spend time here, they always say they love our house. We have plenty of room, it's warm in the winter, cool in the summer. Lots of good times in this house.
I loved living in my manufactured home. The cost of living in it was so low that I always had a lot more money to burn on things I wanted. I wish I could go back to one.
Fantastic video. I have lived in 4 mobile homes. A 1965, 1984, 2000, 2001. The 65 was top of the line (in it's day) even though it was junk. The reason it was junk was the last person that owned it before me. The 2000 was new I put on same lot as 65 once I tore it down. It was nice, new, clean, and a closeout. I sold it (in a park) for 4 times what I paid for it. 2001 was on it's own land and a decent home. Bought it used and it was nasty. I cleaned until it was clean and sprayed for roaches (didn't have them after) and I got new appliances. Now this 84.... Back in early 90s termites came through and wiped out all the trailers (and wood houses alike) and even got ours. We have done a lot of work to it. I replaced the floors, bad stringers, wall studs, more than I should, but it's home.
I have lived in a mobile home since the early 90's. We have done some changes on it over the years. We plastered the walls and put rounded corners. We put up crown molding and replaced the roof. There are a few areas I would like to change. One thing is having the roof over hang and the siding in some areas had to be replaced with James Hardie siding. We updated the HVAC. In time I want to update the siding and take up foam insulation. I've had to replace some of the plumbing and after 30 years I finally had to replace the water heater. Even if i had another type of house I would still have to do some changes and upkeep so it has provided housing for our family for almost 30 years.
Thank you for this. I currently own a 1920s site build home. But have owned two new ordered single wide homes. I loved them and felt that the cost of ownership and utilities were spot on. Living in central Wisconsin the homes were subjected to bitter cold, high humidity and occasional high winds. I was very comfortable and confident in these homes. Life/job changes caused me to move from these homes. Would gladly return to this type of housing in the future.
Get with the program dude. Read the listing sheet for insulation, it must meet city code of where you live. Insulation, sheetrock, skylights, wiring, plumbing....everything changed in the '70s due to HUD wanting a safe home for folks.
Just stumbled into this video. My parents retired in 2006, and purchased a modular home. It was a 2001 model, and they have almost 1 acre of land on their lot. It was a 2001 Model home. They purchased it for $62,000 back then, and their land rent is about $500 per month now. They live in Delaware. It was a real nice house when they moved into it. Over time, their AC unit went up, and decided to install window AC units as a cheap alternative. They had to replace the water heater. When the original water heater went, it was a real mess. Lots of water damage to the closet, and floor where the water heater is. Some of the water spilled into their room and bathroom and damaged carpet. They have numerous plumbing issues in the last 4 years which all caused water damage. They have had to replace a number of shingles on the roof due to wind damage from storms, and are approaching the point to where they need to replace the roof now that the house is 20 years old. They also need to hire an electrician as a couple of light/wall switches don't work in their house now. Their electric bills in the winter time are very, very high because of constantly having to run the heat. They live in Delaware, and I do think that modular homes don't fair as well when there are cold winters to deal with. Modular homes would surely hold up better in the south or south west in climates where there is no snow, and temps rarely fall below 45 degrees outside. All in All, living in a modular home has been the cheapest option for my parents retirement, and while they have dealt with a lot of issues, they have had a paid off house for the last 15+ years and just have to pay the monthly land rent, and yearly property taxes. They enjoy living in their modular home, and I am sure would do it all over again.
Every home I’ve lived in since 1972 had problems like the ones you mentioned. I bought my first manufactured home fr Palm Harbour in 2011- similar problems as you mentioned & none worse bc it was manufactured. Survived Hurricane Irma. My barn did not survive & was not a manufactured item.
This is normal in industry. Look up your state bail bonds license requirements and who sets them. Or who is on your states insurance board etc. In trucking our hours of service regs are basically decided on based on what the nations megacarriers decide
Who do you think are on your state's plumbing and electrical licensing boards? Plumbers and electricians. On the medical and pharmacy boards? Doctors and pharmacists. Same everywhere.
My husband and I lived in a 3 bedroom mobile home 40 years ago when we got married . We put it on land we bought and lived there until I was pregnant for our 4th child . Then we moved to a new home that was a 4 bedroom wood build with a garage.We did make money on our first mobile home and land . When the children grew up and left home( 25 years after the 2nd home ) we bought some land a double wide beautiful manufactured home .It had a lovely rock wall fireplace, and a jacuzzi tub bathroom ! I loved it ,and we lived there 11 years.That also sold well. All that to say having lived in both a new manufactured home and a new wood built home , I loved them both and they all sold well. We had gone back to the manufactured homes because we felt we got a prettier home on one level when we retired.
I have lived in all types of housing over the years from Condos, Manufactured Homes, Site-built homes. Each form of housing has pros and cons and they all vary by the year they were constructed. I house built in 2010 is very different than a house built in 1950 and you cannot compare them directly. A Manufactured home built in 2010 is very different than one that was built in 1990. One of the benefits of manufactured homes is that they are generally less costly than a site-built home. This comes from using thinner sheetrock that is 1/8 inch thick to using less insulation in the overall house. I have been in manufactured homes that would heat up to 90 degrees on warm summer days when the outside temperature was 95 degrees outside. One thing that will also determine if a property holds its value is how it is maintained and lived in. If you buy a property and don't maintain it over the years then it will become run down and will not hold its value. The main problem that I have run into with Manufactured homes is their use of non-standard parts. Like using plastic tubs and showers that develop cracks in them after about 5 years and have to be replaced at about 10 years. The plastic tubs are not fiberglass which would last a lot longer but instead cheap plastic that cracks and breaks and leaks water into the manufactured house which then causes other problems like mold and mildew in inaccessible areas that you cannot get to.
I’m a retired attorney and looking back over the years I’ve owned many homes and the best home with the fondest memories I’ve had in a home was the manufacturer home my wife and lived in while we were going through law school, I’d happily go back to a manufacturer home, but the area I live in won’t permit it.
Mark Garr What area do you live in that won’t permit these manufactured homes? Asking bc we are moving to GA May/June & the houses there have increased quadruple in the last 4 months. Ridiculous!
Take the no capital gains clause 55 + ,1 time sell of personal home.Get rid off all that whatever stuff and buy a couple nice mobile homes on land whever you want,one in another state.Grab back that fun fredom you had ,, Umm, what seems like last week. Simplify, enjoy that retirement, Best wishes and be safe
At one point in my life, my late husband and I had to buy a manufactured home to live in while the furnace in our house was cut into pieces and removed. It was a huge ancient furnace that used oil and had an asbestos lining. Our manufactured home was located in a well-maintained park and we had a nice size corner lot. From the time we moved in people were leaving notes on our doors asking if we would be interested in selling the home. Our regular home was finally cleared for us to return to and within a month, without advertising or listing it, we had sold the manufactured home for the same price we paid for it. We saved half the cost of renting an apartment, in the same area, and we had twice the living space plus a large yard. Our temporary home was lovely and we had no problems with pests of any kind. It was warm in the winter and cool in the summer. You do have to choose a good location and a well-built home for it to retain or gain value. Putting it on your own land definitely increases your chances of it building equity.
Except for the fact that he is wayyy off on that "rule" he claims site built homes use; 500 btus for every 500 sqft? Are you kidding 😂 that would be a 1 ton system for a 12,000 sqft house / mansion! Lol it's actually 12,000 btus (1 ton) for every 500 sqft *smh
"A small home is better than a big mortgage. "
Lot rent is essential the same thing
@@nkn8820 YES
@n kn There are manufactured homes where you own the land too.
Indeed
Ours is 1400 sq ft, so it's not really that small and the lot rent is less than half of what we paid to rent a 1 bd/1bth apartment that was 845 sq ft. I paid 30K in cash for it, so no longer having to throw $1400 away every month on something that is not ours or struggle with a $1200+/month mortgage payment, we are living the dream. Finally!
Better than living in apartment that you never own .
chris savala preach
If your mobile home (Sorry, I'm not buying the 'after a certain date...' BS) depreciates at a rate equal to or higher than your payments, you will wind up in the same position as if you rent an apartment!
Well almost... You'll actually come out better in the apartment because your utilities will likely be cheaper.
Sorry , my friend your wrong . My utility are cheaper .$75 a month . Rent will continue to go up on apartment in my area. Maybe that not applicable to you but for me it has . Once you own you own . If your concerned with depreciation then don’t buy . You don’t buy a mobile home to get appreciation . You buy one to stop paying rent . Financial independence . When you own your mobile home your only concern is property taxes . In my area rent $1200 mobile home payment is $550 .
I’m not here to convince you . Do the research yourself .l living the dream . With depreciation don’t forget about the tax breaks you get . Depreciation on a mobile command center is tax deductible . You don’t have to live in a mobile home forever . I’m going to pay off and sale mine in two years . It still be worth $35k use that for a down payment on a house . I wish someone would have told me that when I was 20. 🤓
The MEDIAN home price in my area is one point two million dollars. $1,200,000.00. without a mobile home, we never would have been able to stay near family. It's simple economics really.
You know there are actually a lot of younger people like me, a millennial who are looking at mobile/manufactured homes because it's more affordable. We watched our parents struggle to pay loans on homes down, we don't want to do that for half our lives.
Exactly!!!
Your parents paid a lot less for their homes and mostly the economy was much much better, so you can't honestly compare the difference.
@@thomasvarner4910 1998...South of Washington DC, even for 98 it wasn't cheap and it hasn't been easy paying for it. I'm still watching my mother struggle to pay for it. A manufactured home today would still cost me less than what my parents paid for a traditional home.
@@rach2111 What about cost of renting the lot? Can’t that get expensive depending on where you live? A friend is living in a nice home, but her lease for the lot is the same as my house payment including taxes. I have found that I can’t afford moving from my house to a manufactured home when you add in leasing the rather small lot in a nice area. I was disappointed
@@lindaallen8800 You can get one and put it on your own land so you don't have lot rent. I have 5 acres waiting for me up north and I'm putting a nice $100000-200000 manufactured home on it that I'll live in the rest of my life
I’m a single mom and brought my mobile home last years.i love my mobile it was affordable and very nice for my kids… If it wasn’t for mobile homes I wouldn’t be able to buy a house. So thanks for this video. Now we have a place to call home ❤️
Congratulations!
So what that you’re a single mom? That’s your mistake.
Did you buy on land or in park?
Yes, thats great, if your one of the extremly lucky ones, it could if not already happen by now the manufactured home is falling apart.
Thank you for sticking up for people who are living in a mobile home! I'm not deplorable! And I'm not poor!
I have been thinking about buying a manufactured home...I have a 3, 000 something sq. ft. home...I love living in the country. The neighborhood I m in is great...everyone looks out for me...my husband deceased going on 7 yrs. M 67, healthy, 115lbs. very, very active, thanks be to GOD, I still work (HLobby) m ready to downsize. I love it whenever I visit my son. He lives out in the country.
You are not poor. I am not poor. My
Nice mobile home on 2 acres is paid for now. Utilities are cheaper than other people I know. Actually it is called vanity. Keeping up with the Jones. I don't need it I would rather put my money in the bank. It
Is 4/29/20 with economy in the tank. Going to be alot of forecloses on those 150000 to 350000 homes. I am happy and no
debt.
Rob M
Oh hush
I feel you real talk me and my wife thinking about buying one fa sho
@Angel - You're actually smart considering the day and age of the rise of rental rates vs. the massive and rapid evictions leading up to a rise in homelessness that we are currently seeing due to this CV situation and even a few years before this situation started. I'm pretty sure that now a manufactured home doesn't seem bad compared to stress of potentially being on the streets. My prayers are with those who have found themselves in this situation and hope that they are able to get in a better situation. However, for those who are shunning people living in manufactured homes they should not do so because at any given time life's circumstances can teach you some extremely hard lessons. Remember, a home is what you make it.
I agree stop calling them trailers, and it’s the home of many good honest people
they believe these things because they are lazy and do no research of Their Own
Elizabeth Brower They are homes that can be moved if you install axles and tires, you can’t just back up to it with your ford pickup and pull it down the road, your statement sounds a bit ignorant in my opinion
Today's manufactured homes are not your grandmothers trailer, I find my three peice is better quality than the site built home I had. And it is a great option if you want to get something up on your property in short order.
Thank you I get so sick of hearing that. I have a co-worker that kept calling my house a trailer and speaking bad about it because it wasn't like his $100,000 house in a subdivision and you know what...he couldn't afford it and all the things that came along with it and now he's living in a house like mine but don't have the land.
@@NightmareRose86 its better to live below your means and save money as opposed to your coworker who was living beyond his means and now he is paying the price for all his excessive spending.
After a divorce - it was a manufactured house or an apartment. I took the house and not sorry.
Same here. I had a yard, big deck and baby barn. With lot fees and mortgage, it was cheaper than an equal sized apartment.
Yep, better to NOT have someone stomping all over your ceiling all day.
I did the same thing, I bought and old mobile home in a small quiet park for a $1000 during my divorce, a few years later I bought a much newer one in the same park for $8000 sold my old one for $2000. I lived in an area where a studio apartment rent is at least $1000 I was paying $425 a month for lot rent. Since then I bought a house and honestly I miss the simplicity of living in a mobile home. I would like to find a large piece of land far away from the city and put a mobile home and a nice garage on it, that's my plan for the future.
Amen
I did the same and it was a sound move.
Great job! Let those who don’t wanna live in a mobile home not live in one but don’t down those who do!
I won't, it will fall down own its own.
Told a family member that I was thinking about buying a single wide. He said and I quote " ewe , a mobile home " ?!?!? My response " THEN DON'T COME OVER "!!! He and his wife are butt deep in debt , not making ends meet due to buying a house. My wife and I are currently living full time in an rv and planning our vacation to Branson Missouri. Yep , living in your means is so much better . Buy what YOU can afford not what others think you should buy. Just because you qualify for the loan doesn't mean you should buy it. 2008 comes to mind.
@@KristinaSmallhorn where do you sell modular homes. I live near Shreveport.
Long Haul 👏🏻😁
Exactly what my sister told me. She said those are ugly 🙄 she lives an apartment with a lot of debt. My husband and I are almost debt free and have some money in our bank. We don’t live a lavish life style like she does, but we aren’t in debt and will have a home of our own soon 🤗
Yeah when we started to buy our brick home we owned a mobile home at the time, a friend had just bought a new house in anew subdivision. We are qualified to buy a home that cost more than the one she bought but we were comfortable paying for a home about a quarter of the price and the home was built in the 80s so not new. She proceeds to tell me how I will be so unhappy for buying a home thats smaller and not new, that I should just go ahead and get the bigger more expensive new home. I told her nah I'm not really into keeping up with the Jones and I don't need a 3000sq ft brand new house to make me happy. I prefer larger land than house because my kid likes to play sports, ride his go-cart and atv, we have animals and a batting cage. Ya know things we enjoy. Well we both bought houses in 2002. Its been 17 yrs and we are still in our house we are gonna have it paid off in about 10 yrs. They lost their house within 8 yrs and had to start all over again. The house they bought made them so house poor it was unreal. I try to buy with my head not my heart
Long Haul. lived in my mobile home for 4 years bought my home straight out no mortgage love my 3 bedroom double wide do what's best for you
I have a 4 bedroom 3 bath 2500 sq ft home paid quite a bit for the house, I have no land I live so close to neighbors and no privacy. I’m seriously considering buying some land and a budget friendly manufactured home being debt free is my goal! I don’t care if people think I’m “trash” or “undesirable “ who cares. As long as my family is happy. These homes are beautiful!
I'm not sure why a mobile home would make you trash. It's an affordable option not a trash option
🤣🤣🤣 I don't care if people think I'm trash hallelujah amen sister 👍
$65,000 can get you a 4 bedroom 2 bath double wide
I have a manafactured home it’s 3 bedroom 2 bath and acre of ground it was bought brand new in 2014 and I’m very proud of it. I bought it by myself for me and my daughter after her dad passed. I don’t consider myself trash. I pay my bills and pay for everything I get. Just cause I live in a mobile home don’t make me trash.
@@jonathanyates5198 : Double wide or better!
My mama lived in Naples Florida in a beautiful mobile home ( called that in 1968) still gorgeous when she died a few years ago. It survived Hurricane Charlie with only a part of the roof damaged. Everyone had their roofs damaged in SW Florida back then.
It never depreciated. She kept the inside updated with new flooring, kitchen appliances etc. over the years as needed. It was right on the canal and she loved it. I dare anyone telling me my mother was lower class because she lived in one. She was pure class.
ngl the one woman i knew when i was a kid that had one was the most respectable person i ever knew
I just left Naples last month after wanting to get away for a few days. There's a community of manufactured homes there and they start in the mid-200s. People who don't look at this as an option are missing out. You can find more modest communities as well.
@@virginialeejones1834 *Absolutely!*
I bought mine used from a friend of my brother. I went through a divorce back then. And was looking for my own apartment. My brother asked me if I be interested in checking out his friends mobile home . I was kind of iffy about buying it because like others I kept picturing this run down metal box in the back of my mind . When I first walked inside it my jaw hit the floor because it was so beautiful. Still live in it today . I have done a lot of upgrades not because I had to but because I found It much easier to repair and find it fun .
I live in a trailer on 15 Acer's of land I own. I put 75% down and was on a 5 year loan, but payed it off in 3 years.
If you don't care what others think of you, live in non traditional homes. My family and friends have house payments for the next 20 - 50 years.
I'm debt free and love the fact I don't own anyone a dime. I am aware that my trailer will tank in value in ten years, I plan on living in it for the rest of my life.
You can remodel trailers, and they turn out great
People make a lot of money remodeling and flipping manufactured homes. They make great rental properties as well.
This is my plan too! I don’t care what other people think about how I choose to live. I’ve learned that always trying to live other’s expectations will make you unhappy. Freedom is much more important than being a wage slave and living in debt where your time is dictated by others.
My parents home was just sold for double what they paid for it 30 years ago & it needed cosmetic upgrades, don’t assume your going to lose money.
@@eamoroso56 supply and demand is what rules R.E prices and always will......but hey what do i know being in and out of R.E. investing/management/as broker/contractor since 1973? worst investment of all? a condo I paid 252 for in 2004 now only worth 349. Thats not too gewd...but I am not complaining") I'm living in it now for 2 yrs so uncle sam gets NADA! of my capitol (up to 250k gain) for single folks. Watch that tax break get taken away.....
@@yarygork2334 I should have mentioned that my parents doublewide also sat on 12 acres of land, 9 of it wooded + a 4 car garage. Sold it in 2 days with multiple offers, we took the cash one, which was also the highest, cash made life so much easier for me since I was doing all the work. The end of last year there was very little on the market around here & there was a bit of squabbling on the part of other real estate brokers, they get a bit aggressive when they lose, 😂
I'll live in a mobile home that sits on 80 Acres that I own in a rural area than a $300,000 house in a subdivision around other people.
That’s what I’m talking about. I’d rather have the land.
That’s what i want to do.
Thats what im planning on doing .! Goals
Well I’m here to tell you that $300,000 won’t buy you much in today’s world. 😁
Exactly, I much rather have space and privacy, I would never buy a house in a subdivision where everybody is piled on top of each other, and I have yet to see a subdivision old and new that's not a bunch of neighbors all sharing each other's yards basically.
I never thought I'd live in a manufactured home, but while on vacation out of the country in 2015 my house burned down at a total loss... Since I already owned the 1.1 acre lot with a well and septic system I had the burned house torn down and purchased a used 2000 manufactured home and had it moved and set on the concrete pad I had poured... Just over 3 years after moving in I tell anyone who asks that I love it... I just retired last February and, although I don't earn a lot of money, I"m very comfortable with my living situation... Total land taxes are $800 per year, heating cost in Northern NY is about $800 per year, and average electric bill for the last 12 months has been $41.52 per month, plus insurance and my total monthly living expenses are about $200/month... It's just me and my cat so this 3 bedroom, 2 bath manufactured home is perfect... I've added a single car garage and a couple months ago had top soil brought in and seeded so it's a nice looking setup....Because my living expenses are so low I was able to spend 2 1/2 months in SE Asia earlier this year enjoying the warm beach weather and great exotic food.. Life is Good!!!! Thanks for the video...
Yep. Our new manufactured home is being built in the factory.. They will set it up among the 15 acres purchased before we ordered the house. We plan to cut off 10 acres, put in utilities, septic , ECT then sell them off in acre lots. We'll add a swimming pool to our own and a greenhouse for vegetables. Thus we shall make mucho dinero. Enough to place a good down on a site built one on one of the acres of the five we don't sell off. Land and development of the land is how you make money. I'll just have to suffer living in my brand new 1600 sq. Ft manufactured home with all appliances throughout, two decks (front and back), the in ground pool and the hothouse. Boo hoo. PS did I mention the attached garage?.
@Techrecycle4u Totally agree! I live in a paid for home in TX out in the country so no city taxes and I am paying a lot more for electricity, gas to heat and cool, triple taxes, internet is too high, cell service is so poor I have to pay for a land line. I live like a pauper - same 68 in winter 78 in summer. Have almost 100% LED lighting. Never would have thought of NY - even upstate as cheaper! My living space is around 1300 sq ft. Coop water does cost more, also NO competition for electric bill. They have raised my taxes 4 years in a row! Our property taxes have been greatly abused in this state. They actually almost make up for not having state income tax. In fact a big expensive house in the city would probably pay more in property tax than state income tax in most states except CA.
@Techrecycle4u tougher building codes in NY. My 1400sqft townhouse in central NC was so drafty that it cost as much per month to keep it at 78 in the summer as my mom's 3000sqft home in Vegas even tho it was always 10-20° hotter in Vegas then NC.
We built an FHA factory home/ manufactured house about 18 years ago. It is hands down the most comfortable home we've ever lived in. It's held up well over the years.
Manufactured homes are good. Only problem if you dont put it on your own lot & instead put it in a mobile home park, they keep raising lot rent. Lot rents are sky high. Get your own land.
I'm buying one dirt cheap. Hope to find a piece of land in time.
True that, lot payment will eventually be higher than mortgage payment
Sound 400 here in Phoenix. But that plus the price payment.... it’s alot
@@vickyandersen8660 See John Oliver of why lot rents are skyrocketing. Predatory investors are buying up property.
@Adam Finley what company did you go with ? Im looking around
I just bought my first mobile home!!!! I’m so excited! I don’t owe ANYBODY for anything in my possession... I OWN 3 foreign vehicles and a mobile home. I feel so financially free and I’m only 30!! Being a young, black female I feel absolutely proud to be able to say I own anything and I did it ALL BY MYSELF!! Nothing anybody says can make me feel insufficient. 😌😊🥰❤️ I recommend getting a mobile home to anyone who can afford one. It’s a great investment in yourself and your future!
Congratulations 👏👏👏.
I am So Proud of you .
I told my son and daughter in the Service to buy a mobile home too
Because you get your housing paid for, Why not keep it. Such a wise decision.
There are people paying more than you to *rent* an apartment they'll never own! Well done!
Thank you love! ❤️🥰
Thank you so much!!! And yes, I encourage them to do the same.... I promise they won’t regret it honey bun! ❤️❤️🥰
My parent purchased a lot $30,000 and placed a $73,000 manufactured home on a foundation, family sold the house for $250,000.00 in 2016, really increased in value!
@Deb Rocks In foothill one hour east of Sacramento in a 55 or older community with HOA rules! Purchased it back in 2001.
BULLSHIRT! You get a TITLE after paying for this place the same as you get for a car. Nobody in the right mind will give you $250,000 for a used mobile home.
@@GeorgetteBu I’m a Realtor in the state of California and this home build in Woodland, CA., then licensed by the Department of Motor vehicles in state of California. Transported by semi-trucks to the property and placed on the foundation, then Titled by Escrow company to be a single family home on a lot, in a HOA controlled 55+ community. Value at completion of build out was $130,000.00 in 2001. I don’t have to lie, I have documents to prove it 🤣🤣😂
But did any body buy it when you tried to sale it
@@ohnoyoudint1407 Sold it in within a month!
My parents live in a manufacturer home in Pahrump Nevada on a half acre and they love it. It's a nice clean house with a huge detached garage. They bought the house and half acre for only $120k. It's hour from Vegas. It was perfect for them because they have country life away from people but access to the big city when needed/wanted.
That sounds perfect.
Living in hurricane country no thanks.
What is this please don't take advantage on my phone this will be proof something on my phone that don't belong there right.
@@conniecharley9092 my moblie home in Hurricane Katrina was still intack the same as I left it when I left is did float a little (20+ft of water) where houses in the area couldn't be found other then a stick r 2
@@wdmoya1953 so sorry but you made it through. Never owned a mobile home too many hurricanes share I live.
.
I live in Silver Springs Nevada, I bought 5 acres with a 1979 double wide for $20,000 7 years ago. Now I am selling it for $150,000. All depends on the economy, House demand, and condition of the home. TAKE CARE of your home.
Depends on the state too, though I believe many are coming round to realize the superior construction of manufactured homes. They started building them better in the 80's. Now they are nicer than my site built home which is just as rectangular as a double wide with useless space and no coat closet.
J.K. Roth n
Sounds like your 5 acres increased in value. In many areas, 5 acre lots are rare, so their value is consistently increasing.
Our manufactured home sits on an acre. We have no mortgage or any consumer debt, including auto loans. Living affordably, within our means, allowed me to be able to retire on my 52nd birthday. I could not have retired until I was at least 66, living in my site built home with a mortgage.
Wait till your state raises its property taxes by 1000% for that acre of land you got
@@Chy-th3sj OK. I'm great at waiting! I'm in Alabama. Our taxes for last year were $204. That would be $170.00 a month @×1000%÷12. In ten years it's gone up $40. I just spent that eating out.
Enjoy your time friend.
did the same but retired from NJ to Va 2 months before my 50th birthday .Sold my house there bought land here and paid cash for a modular home and 3 acres of land .Only bills I have are my electric and cell phone and internet and insurance .That was back in 2004 and still going strong in VA .I love my home and my property .I have a full basement and taxes are only 12 hundred dollars a year here .Mobile homes have changed so much even since I bought mine .Mine is 2440 sq. ft .and took 2 cranes to set it and had it left on frame to make the floors more solid .I know my house can do 55 down the road ,try that with a stick built .Plus you have a set price no over runs and no delays and not subjected to weather .no wet slimy floors
I’m on my way, got the land for 20,000 and remodeling a mobile home, should be semi retired before 51! With no mortgage or land payment, remodeling the current mobile home, placing it on the front of the property, either rent or Airbnb, then put one on rear for me and the wife.
Just bought a mobile home and I’m so grateful and blessed to own my home. It’s not the largest but it’s mine and my mortgage is cheaper than renting. It’s like anything else, keep up with maintenance and don’t let it get run down.
Wow congrats too you! I'm looking do the same this year !!
We had a modular built in Az in a 55 up community that has 3 bedrooms 2 bath and it’s absolutely beautiful! We are 2 yrs into ownership and this home is so tightly built that we get no dust no bugs, nothing! We live here in the wintertime and come from Michigan each fall open the door and live. No dirt no mess…a stick built house wouldn’t be that tight! We are quite happy!
Buying my fist home after renting for 25 yrs!! My mortgage including my taxes and insurance is the same as my rent!! I’m on almost an acre of land. Love my manufactured home!!
If I may ask, what exactly are you paying for all of that all together? I really want to do this but I need a number so I will know how much to budget.
No EQUITY IN A TRAILER..WASTE
@@weotalks2810 You obviously have never had one. In the early 80's I bought one for 7900.00 lived in it for 7 years, rented it for 3 years at 375.00 per month ($13,500) then sold it for 6500.00. Came out $12,100 ahead. If I hadn't rented it the mobile home only cost me $1,400 to live in it 7 years!
@@weotalks2810 Get your facts straight...1) It isn't a trailer...I have one of those, a 26'er, in my back yard behind my manufactured home. Acre of land, 3br/2ba 1700sqft with detached 24x30 garage spent $215k for everything including landscaping a year ago. Current value $250k.
@@weotalks2810 these pre-fab homes ARE NOT TRAILERS😊
After living in a guard gated, HOA community for years, I think I'm ready to go back to acreage and and some peace and quiet.
Amen
me too!
With you on that one.
We're in the same situation and have been looking at land.
Thats if reparations do not get you.And its coming..Its already in Illinois.
We live in a single-wide (14 x 60) that is permanently fixed on our lot with a 2 car garage, 2 car carport, beautiful lawn, concrete driveway... not because we couldn't afford a site built home, but rather we didn't want to invest everything we have into our shelter. It has worked out great. We are on a plan to pay off our house in 6 years (3 years to go) and we will be completely debt free.
Congratulations! ❤️❤️❤️❤️
Same here in a 14x70 and love having money to buy things I want. Currently own 5 motorcycles 3 cars all paid in full. Awesome being debt free.
"Completely debt free"
The government would like to talk to you about that.
@@MAGAMAN I'm not sure I understand. Oh, do you mean they can learn from me? 😂 Yeah, I would agree with that. It hurts me when I see their (our) debt calculator. A little frustrating when I compromise nice things to be out of debt and they indulge in nice things and rack up debt.
My cat Marty (real name) wants 60 ft long home BAD to chase his 3 yr old Calico girlfriend as our tiny condo has them bored and restless.I am looking for what you have!! My own lot means not paying 800-900 a month space fee in No California. Indoor only cats for longer healthier loves. @@SinSGone
I worked my way through college living in a 35 by 8 foot mobile home. It was my first true home and I loved it. I lived in a 65 by 12 mobile home as I worked as a Probation Officer going to law school at night. When my marriage broke up I moved from my comfortable water-front house into another house trailer as I continued working as a Judge. I loved each mobile home I lived in and as a man with a six figure income, I could have lived anywhere when I chose to live in my last mobile home.
Seems that owning the land the home sits on makes all the difference.
@@cscott6629 True.
It does. I watched a news video (can't recall exactly who did it) about mostly retired people who purchased the home affordably but the land was leased. When the lot rent increases, they were faced with moving or selling the home - neither of which was affordable.
That's right. My landlord keeps talking about selling the park.
BINGO! You are the winner!
Biggest issue with this is county approval.
I have owned 3...and this is what I will say;you get what you pay for. if you order the home, don't look mostly at wall colors or "pretties" first, start with construction: 2x6 walls allows more insulation than does 2x4, house wrap matters more than pretty faucets. higher r-value insulation in the ceilings is more important than a factory installed dishwasher. those that worry more about appliances than anything else, think about this...ur prolly financing ur home for 15, 20 or 30yrs...and that's what ur financing those appliances for as well. do yourself a favor, order the home properly upgraded and pre-prepped for utility savings, warmth, cool and comfort...everyone sells appliances everywhere and they finance for 2yrs.
Well said
Always ask for a wind zone 2 upgrade. 2×8 floor joists, 2×6 wall studs, upgraded insulation.
Michael Babella
Wise words.
Michael, very well said.
Lucia Krause if you don’t live within 50 miles of coastal waters the wind zone 2 upgrade is not worth the upgrade.
The only downside of mobile homes is that they aren't prestigious. If you don't need the admiration of others for the kind of home you live in, no problem!
They don't appreciate!
The only dowside? They depreciate like a car. They make tornados very happy. When you consider the cost of land, improvements like utilities, driveways, garage, there is no way you can justify spending money on a mobile home. Just look at what you an buy a ten, twenty year old mobile home for and that's all you need to know. Never buy a mobile home unless you like digging a hole and dropping your paycheck into it.
@@Theywaswrong completely wrong
@@Theywaswrong Depends on location, location, location.
I purchased a new mobile home and lived in it for 15 years and I sold it for nearly the same amount that I paid for it.
My father was a successful psychiatrist and brightest man I've ever known, and he lived in a mobile home. I've known CEO's and college professors that also lived in mobile homes.
Thank you. I have been debating to purchase one because I can’t afford $150,000 home . Some of these homes are much more beautiful than construction homes
We are moving from our 1250sq ft home with mortgage and taxes of 1600.00 month to a mobile home that is 1215sq ft with mortgage and site fee (it's in a park, we don't own the land, just the home) of 900.00. Going from 3BR 1bathroom to 3BR 2 bathrooms. the mobile home is brand new so not inheriting anyone's issues. I saw the tie downs - and I doubt it will go anywhere.
I have a beautiful one in South Dakota on a bit of land and I absolutely love it! I actually prefer my manufactured home in South Dakota over my stick built one in California every day of the week.
ggin nj , buy property. You will never regret buying your own property.
Stacy Vigus hubby and I are looking for land to retire and put a manufactured home on. I visited Deadwood and Mt Rushmore area in my teens and thought it was so beautiful! Always wanted to go back. Been in Texas for 27 years and am sick and tired of the heat. Born and raised in Canada so the snow doesn’t deter me. Where in South Dakota did you purchase or would recommend? Thanks!
@@erinmcbride-spivey6595 My place is in the Rapid Valley of Rapid City. I'm out towards the airport. I originally bought 3/4 of an acre with my manufactured home but this year I was lucky enough to buy another 1/4 acre from a neighbor to add to my elbow room. Where I am there doesn't seem to be quite as much snow or hail as they get it town. And I'm right near Rapid creek for any fishing
I love my (2008) manufactured home in Western Arizona/ Colorado River
cost: $94,000
utilities: $250.00/mo
tax: $800.00/yr
*2 bdrm/ 2 bath -2 car attached garage (1250 sq ft)
That's a nice one, does it have the high ceiling
Garage?? They come with garages now?
john wohlf what help me find one near you can you send a link
john wohlf, Do you own the land that your home is located on?
RIP off
I've been trying to convince my husband for years that we should go with a manufactured home. Thanks to this video he's on board!
Jennifer Robbins thank you for watching.
Ma'am you better tell him to be realistic. Save that money and don't overspend. You see how things are now. Wish you the best in the new year 🙏❤️
Manufactured home are nice if it fits your budget, but if down the road you want to refinance you'll run into problems. Most of your major lenders will not finance a Manufacture home and the asset value is lower than a home same size that is stick built.
@@orrfamily641 That is not true
@@jonathanyates5198 Dear Sir I hate to disagree with you but it is and I have the proof to back up my claims. It maybe different in your area you live in but the statement I gave below speaks for its self. Now these MFH were put in the following states, Idaho, Utah, Montana and Wyoming. The MFH homes we installed were Nashua, Guerdon, Champion and Fuqua there was another type we tried but I can't remember its name. I don't know if you were around when the Greentree loan company who was one of the major MFH lenders sent the industry on a tail spin where the main lending banks wouldn't touch MFH's , as I stated it is better now and I did finally get a refinance with a great rate, but as stated if I had to do it over again I would NEVER get a MFH again!
We started our home owning journey with a manufactured home (we call it a mini home) in 1989. After about ten years we moved on to two site built homes and just last year returned to a mini home as we will head into retirement in the next few years. I love this home, it’s fashionable, it’s one level living, three bedrooms and two bathrooms. No mortgage and little upkeep. Just what we were looking for going into retirement. I wish there wasn’t a stigma to owning one of these homes. Our home is nicer than many regular homes out there.
those dings really sucked, dont do that again
Please don’t
Yes indeed I just posted about that as well, really not needed yikes lol 😲😅✌
I thought my fire alarm wae going off 😒
Sorry, couldn't hear you over the dings.😊
Agreed. Thar made me almost want to leave the video and never watch another one of yours again. But I staying for now hopefully it doesnt happen again.
Live in 14x70, greatful to have roof over my head.
I know that's Right!!!🎯💯💯💯👍👍👏👏💪🙏💖✌🙌😇
Most roofs are over our heads.
Mr T Your humor eludes me. Some people have open air.
I paid 2500 for mine, everyone that comes in it feels right at home
Me 2
My husband and I lived in a manufactured home until he passed away. We had ours manufactured in Maine and delivered to New Hampshire. We loved our home and we were proud of it. Paid in full, too!
We are looking to move to New Hampshire also in the future. What is the name of the company that built your manufactured home? Thanks
Are you saying the manufactured home killed your husband?
It’s really the smartest thing to do. Especially in today’s time.
Most of my childhood was spent in "trailers" or mobile homes. Nearly all my family owned and lived in mobile homes, some had them on land they owned and some lived in trailer parks. Several, like my fantastic and nutty Aunt May, lived in trailers that were always on the move and worked as carnies as well as selling fireworks and Christmas trees. Say what you will about my trailer park trash kin, their demeanor, character, morals, intelligence, ingenuity, generosity, and fortitude will stand up to any test. It was an honor and privilege to grow up amongst and be raised by these fine individuals, everyone should be so lucky.
Ain't it funny how people that society would consider trash end up being the most honorable people you could ever meet? And then you meet people that are high society and they're just... Well... We won't go there on this channel!
Stumbled across this video looking at "shed to house conversions", anyway I have this conversation all the time. After I got out of the Marines, I move back to home town Texas... A few years later I purchased 1.2 acres and ordered my 2001 16x80 Caviler 3 bed/2 bath. The base price was $29,995 I did a few upgrade to the order zone 3 construction and thermal (double header doors windows, 16" center outer walls and roof, R30/R19 insulation, OSB under the vinyl siding, etc..) Took the price to 31,500 and I bought two points on the loan, financed it for 20 years, 5K down @238 month. Paid it off FREE and Clear in 2008. Last year my property tax was $338 and I haven't had a house note in 11 years and counting. I always get the argument....well it goes down in value like a car, my response is...OUTSTANDING, just means my property taxes go down every year as well (not fond of being taxed to live in my own house). As far as cheaply built, I sheltered in place for all of the following Hurricane Rita, Hurricane Ike, Hurricane Harvey, Tropical Storm Imelda....took them like a champ (disclaimer...I did put a roof on after Rita, due to crap hitting and knocking off shingles) I have friends that pay between $3000 and $8500 just in property taxes....in South East Texas, that is insane.. just to live in their house that they are still paying for!!!
This is my goal! I never thought so much about buying a manufactured home, the older I’m getting the more I’m realizing I don’t want to pay in a home for 30+years! At 1300 a month. I always wanted the big house and the fancy cars. Now I want to be debt free with some land and no mortgage!
This is my goal! I never thought so much about buying a manufactured home, the older I’m getting the more I’m realizing I don’t want to pay in a home for 30+years! At 1300 a month. I always wanted the big house and the fancy cars. Now I want to be debt free with some land and no mortgage!
I like this idea. I just can't justify the high cost of a house, but I want my own place
Steven Curry ❤️❤️❤️❤️❤️
Thank you for the info
I moved in to my mobile home after a divorce. I am one of those guys who could careless what people think. That being said mine has been payed off for 11 yrs. I had a few buddies who gave me a hard time. However now they all think I’m the luckiest guy in the word. I pay 489.00 dollars a mth for lot rent! Water, trash and basic cable is included. I pay $96 a year in taxes cause it’s a 1977. The park I live in also has a pool for them hot summer day. I have 2017 Dodge Charger Scat Pack a 2016 Ram 2500 with a 9 foot plow and a 2017 Street Glide. They always ask how can I afford all this and I tell them. I don’t have a $1400 mortgage. Plus all the extra bills that come with it. I take good care of my place. I spend a few weekends a summer going through my place to make sure all is good. I keep up on the maintenance! I’m golden! I will retire with good money in the bank and not a lot of bills. Who the sucker know?
I have no problem living in a manufactured or mobile home, but I don’t see how it’s worth it compared to “real” homes, because you have to pay the lot fees ranging from 450-800 a month on top of your mortgage. I simply don’t understand how thats worth investing in unless you already own a plot of land.
@@daneevans7590 Lot rent where im at 1200 to 1600 . Not worth it .
Lot fee increases are coming up just wait. Sounds like your one of the lucky ones.
I feel ya. I just bought my home earlier this year (2019) and its a manufactured home that was placed on a foundation so it's considered real property sitting on my 4 acres. Great for me my wife and 2 kids
I did similar but have no rent since I found approx 2 acre lot for under 30k with is a huge steal of a deal and a used little singlewide for under 5k. Everything payed off, now I got a 2017 Mustang GT with roush performance, 2014 Raptor, a custom Ranger minitruck, a current F100 coyote swap project, and I'm contemplating getting the new mid engined Corvette. Saved fuck tons of finances to actually have fun. My coworkers live in 3k+ sq ft homes in gated communities and drive used minivans/crossovers or entry economy cars. Big difference in choosing a right "lifestyle" can make.
I am really glad that you took the time to address these myths.
We've lived in a manufactured home since 2008. It is well built and holds the warmth in the winter. We added two decks, two skylights, and a pellet stove. It is a wonderful open layout and we love it. We have 3 bedrooms, 2 bathrooms, a laundry room, a sun room and an office plus living/dining and large kitchen. We put wood floors in the main areas and it has sheet rock walls throughout. We love it and could sell it today for almost $100K over what we owe due to housing demand in our area.
I purchased a 2019 manufactured home and I also purchased my land as well.
Mine is recorded as real property and not personal
@@KristinaSmallhorn Arizona and ur video was very informative
May ask what state ?
@@oraclebakery5070 yes, Arizona
Thank You,I am thinking of buying one in CA
Doing my Homework
I grew up in South Louisiana. I was born in Baton Rouge. Listening to Gary talk made me a little home sick. Lots of good ole "Deplorables" in Louisiana.
hey Cajun swamp Fox, My lady is from Opelousas I am a New Yorker...True story we were going up towards villa Platte after a nasty flood, this was years ago, and so I see all these homes surrounded by water. I say to my lady "gee thats so nice, people live in the middle of ponds down here huh? But where are the bridges and boats?' She looked at me...
We are in north Florida too boe
Mobile homes are great! It’s where you put it that matters.
IAM in Nevada. People from Cali are moving here. Things are going through the roof in prices
@@debicaron6046 just build a wall and let Mexico pays for it.
If you buy a lot in a nicer neighborhood it doesn't mean you can put a mobil home there. They are mainly restricted to rural areas and trailer park neighborhoods. (At least here in Arizona)
Maintenance Man Narratives true, gotta check zoning.
“Its where you put it that matters. “ Thats what she said.
Lived in a manufactured home all my life, I love that a major part of my finances doesn't go to a house that is a burden for 30 years of payments. We had ours custom ordered like we wanted picked all the finishes, flooring, siding and shutters. We also had extra insulation added . Our electric runs us right now, even with Entergy's price increase, $200 a month with running the AC at 70 during the day and 67 at night. It withstood the hours upon hours of over 100 mph gust in Ida here in Lafourche Parish with only a few shingles missing, perfect chance to upgrade our rood to corrugated painted roof. Main thing for storms is to make sure the straps are extra tight to ensure no movement can happen.
People need to not be classist about where people live. It's really gross but it's also really ingrained in a lot of people.
Fear, guilt, and shame are the most effective methods of controlling the masses. Stop caring about the opinions of others and achieve true freedom.
Two very intelligent comments.
Yes..,amazing how vicious people are about it...wait til I drive up in an RV,...they will lose their minds.
@@perdition79 As the saying goes, a fool and his money are soon parted.
My family has a large ranch in Texas. Our choice was to either spend a fortune to renovate an existing 1930s ranch house, or purchase a nice modular home for less than it costs to do the renovations.
Did you sell the 1930ies house to someone who restored it so it's history can be saved?
@@dx5018 No, it's on the ranch. It turns out that renovations would be so incredibly expensive as it would have to be completely gutted and rebuilt. Also, where it is, we really cannot sell it unfortunately.
@@AgentPepsi1 thank you for your answer. That's sad, now you must look on it crumbling...
I'm basically facing the same issue. My family owns several acres in NC but the house is over 100 years old and too costly to renovate. We will purchase a mobile home and put it on the property instead.
@@0009jerseygirl You should really look into Solitaire built homes. They are extremely nice and really well built. :)
I don’t care what anyone says....I absolutely love manufactured homes!
We are in the process of purchasing a manufactured home and I am very excited! We are only getting a single wide but even in single wides, these homes are very impressive! Very excited to be a homeowner!
We bought our single wide off the sales lot in 2020. We LOVE it!
My parents just bought on for a land we have that’s been sitting for about a year. How has it been going for you guys?
You'll pay it off faster 👍👍👍
People look down on ones who live in mobile homes to make themselves feel better. Kinda like bullying at schools, the bully bullies a less liked kid to make themselves feel bigger and better about themselves. I have lived in various mobile/manufactured homes for about 40 years with a short stint in a stick built. I prefer manufactured home over stick built. Someone tries to act snotty about where I live, I just smile because I know they have a huge mortgage every single month for years and years.
Thank you for your comment I myself live in a mobile home and a nice one at that my so called friend asked if I’m still trailer trash and then said he was kidding he’s not my BB friend anymore we are selling cause we have a river house and want to get out of the city but overall I really like my mobilehome😊
My wife and I have mfg home in a camp ground with a pool dog park hiking trails arcade Snack Shack fishing pond playground for children basketball court RC track and Zumba classes for my wife during the camping season we call it a resort. We live better than the people that look down their noses at us do with their Foundation Homes
I have lived in a mobile home all my life, and i know what you mean, i was bullied for it. When our mobile home was repoed when my dad got into an accident we lost our mobile. worst season ever, luckily my uncle knew something that was selling a mobile home for $1500 they sold it to us for $500 and still live in it now. Going to look for a new mobile home in the spring.
I have lived in a mobile home all my life, and i know what you mean, i was bullied for it. When our mobile home was repoed when my dad got into an accident we lost our mobile. worst season ever, luckily my uncle knew something that was selling a mobile home for $1500 they sold it to us for $500 and still live in it now. Going to look for a new mobile home in the spring.
I like the fact that they are look down on as it makes them cheaper and more attainable. Perfect fit for me as I'm someone who cares more about living a simple and affordable life than caring what people thinks.
I just stumbled onto this. Very interesting, and it moved me to post my 2 cents. I have worked building stick built homes, both small inexpensive houses and 6000+ square foot houses in upscale neighborhoods around the Springfield-Branson Mo, and Plano, Texas areas. I also worked at Skyline Mobile Homes Arkansas City, KS plant for about 5 years 1981-1986. The Shell Department to be exact as it was called then, building side-walls, end-walls, and roofs. These were pretty much the EXACT same myths floating around then. In the 5 years that I worked at this plant, the improvements constantly being made to the quality of the materials and the construction process I thought were very impressive. These homes are built with the same material a stick built home is built with, under much stricter guidelines, and under constant scrutiny of onsite HUD and UL inspectors. Today, I live in a stick built home, because that's just the way it worked out for me. However, if a time to consider a manufactured home ever came up, these myths would not influence my decision. PS, a trailer is what you pull your boat on.
You sir are correct.. and I agree, fema dictated mobile home guidelines thinking they would destroy the mobile home industry. What they did was to create a product far superior to site built homes.. and now, mobile homes set the standard in the industry. I laugh when people say, but a tornado... hahaha, nothing survives a direct hit from a tornado. I did hurricane clean ups for years. Mobile homes survived better than site built, in every town..
We have an 1848 sq ft home and LOVE it !! It's 26 years old now and in GREAT condition. Everyone that comes over says how beautiful it is. We're perfectly happy !
Finally, Gary mentioned a few of things that are interesting
1- Current mobile homes are often constructed using 2 X 6 wall studs (allows for increased insulation) most all site built homes which are single story, are constructed using 2 X 4 wall studs
2- Mobile homes are constructed using OSB siding on the exterior of all the walls, many site built houses only have OSB, only on the corners, with metal angle strapping opposed to OSB, and nothing but siding and wrap after that. The Mobile home will therefore have a much better "Burn Wall" than the site built home which only has OSB in the corners.
Thank you for this informative video. I sold Manufactured homes for years, lived in them longer. Everything the two of you said is true. May I add a few things?
1) Value. If you want your home to appreciate in value put it on private land. Take care of it. Done. Simple.
2) If you want your home to last a long time understand the maintenance. Whenever I encounter critics who have lived in a manufactured home, inevitably the conversation comes around to door and windows not working and other related concerns. I always ask, "How often did you level your home?" And it is surprising how often the answer is, "What?"
You HAVE to understand what frost heave is, and how your home is set up.
3) I sold homes to some very wealthy people. Often to people who had raised their kids to adults and wanted out of stick built homes to avoid the upkeep and taxes and generally wasted time for space unneeded. Kind of people who live in them!?!? Oh, that's just wrong to even think.
4) One last thing. Home builders don't want you to know that manufactured homes are made with the same materials as site built homes. They don't want you to know they are lower priced because they are put together on assembly lines with a process that exceeds anything site built homes can achieve. (You ever seen a half built home sitting out in the rain? You'll never see a manufactured home like that!) There is something called politics and builders of site built homes spend a lot of money to protect their industry. Why? When if manufactured homes are as bad as they say why do they need to lobby against them? I was involved in selling manufactured homes, removing the steel frames from them...using a crane to lift these homes onto a basement. Guess what that made them!!!!???? Until HUD made it illegal and guess why.....lobbying from site builders. The same ones refusing to make economical homes because they say there is no money it.
Hi. I nave one of these close to the sea. What would be the best insulation I could apply under the house? Floor feels real cold in winter. Thanks.
@@KristinaSmallhorn thanks!!
I would rather live within my means than to live in a mansion I can't afford so people will THINK I'm rich ! I don't give a rat's butt what anybody thinks 😂😂😂😂😂😂 and I would rather have peace of mind. To be rich is to be DEBT FREE for Gods sake.
Amen!!!❤👌
Delicia Estes you don’t get it buying a house is and investment for the future! Buying a manufactured home is throwing money away! as well as your future in some cases smart decision making is what makes the difference you gain nothing from buying a mobile home
I said the same thing to someone recently: I won't live beyond my means to impress anyone. I love my 2 bedroom home, which I own, and pay just over $400 in monthly lot rent. Our community is clean, safe and has paved roads. Everyone respects where they live. Life is good.
U ain't kidding about to get mine just got divorced been in a house that doesn't mean happiness it's about being dept free by getting a mobile home I can get other things. Also save and travel being in real home just living check to check ain't happiness it's missery.😁
@@mrnice9232 I purchased mine last year and have had offers for nearly 5k more for the house. I don't consider that throwing money away. As mentioned above, being debt free is nice. Your home should form about a quarter of your income. Mine is paid off so that's not even an issue. If you don't want to live in a manufactured home then don't. But for the money they are a fantastic option.
You pay a higher interest rate when you buy one of these. Now days, they are very pricy. 100k or more. If you have to sell it, good luck! Banks don't want to lend money on a used manufactured home. They are great if you own your own land but to put a doublewide on a rented lot is crazy. Your landlord can double or triple your rent over the years and there is nothing you can do about it.
Kristina Smallhorn they also qualify for conventional financing and here in Washington State we have down payment assistance loans through our state bond programs. Again, these homes are on land, permanently affixed to a foundation or basement and the title of the home has been eliminated making the home Real Property. If the home is in a park, they can be financed as well, however the type of loan is different and generally is for a shorter term, larger down payment and higher interest rate.
@@KristinaSmallhorn Not in Michigan you wont..
@@KristinaSmallhorn No you are incorrect. It is very hard to obtain a loan for a used trailer house.
@@cscott6629 Not true Stacy ! The building materials are not the same as a regular built home. 2x2 wall studs for instance !
@@cscott6629 Real homes are built with 2x6 wall studs.
Thank you for making this video!! About 1&0 years ago. We left a traditional home and purchased a repo refurbished single wide for about 34k. It was probably the best financial decision we ever made. And because we did take and made upgrades to the home we sold it for thousands more than we paid for it!
My husband and I about 9 years ago bought a very nice used single wide with vinyl siding for $16k moved it to our 54 acres to live in while we saved up for building a brick home. 5 years later we sold the m-home for $16k because we took very good care of it , only upgrades we made was ripping the carpet out and put down new wood floor in the living room and also replaced the vinyl in the bathroom and put down tile. So in most cases as long as you take good care of your m-home and make upgrades within your budget you can atleast break even.
My "mobile home" was built in 86. Anyone who tells you they don't use some inferior products has apparently never repaired "Quest" pipes. The minute you start having to do repairs you find where they cut corners to save money. Love being debt free but some of these myths are at least true on older mobiles.
There is a HUGE difference in quality simply based on the year it was manufactured. The regulations haves improved as time goes by. The rules in 2022 are very different than they were in 1986. But even a site built home from 36 years ago is going to be much different than a site built home from last year. 🤦🏼♀️
@@theartistjodievans I'd be willing to bet I could still show many areas where they use inferior products and cut corners in ways that make them harder to work on.
Show me one contractor who doesn't also cut corners! I'll wait
No doubt. Having tried repairing some older mobiles (60's) and finding the 'studs' aren't even 2x4, they're 2x3's. Much of it is (or was) a matter of how they're built, as a trailer. Where the decking is built and things set on top and fastened. Some of it done to allow them to be trailered without blowing out windows and things. Stresses most foundation based stick built homes don't have to endure. Lighter in framing, lighter components, etc. While some of the newer ones have improved they're just not proper stick built homes.
Many trailers aren't secured as the example they showed with all the tie downs. Claiming it's fine because it weighs 70,000lbs is a bit bogus when it comes to heavy winds and tornadoes. Loaded semi's are 80,000lbs and tornadoes have no trouble tossing them.
So Tru
I work in pest control and he is 100% correct. It all has to do with housekeeping!
Thank you for sharing this!!
Literally has nothing to do with housekeeping. We have ocd n kept our home spotless every day and still had roach issues.
@@fieryembers9137
Agreed. But you can make it worse by leaving crumbs etc laying around. It's just the area or state you live in. Pretty much the whole gulf coast and up to Tennessee and SC has Palmetto bugs, fire ants etc. It's just a way of life.
@@PAULY-P exactly but we are a strict household and never leave messes as such. Yet every winter the infestation still occurs and it's extremely difficult to get rid of them.
Housekeeping AND environment. Water roaches and spiders in rural Louisiana are gonna get in no matter what. That’s why we pay exterminator to come every 3 months plus he sprays for mosquitoes and that’s a life saver. Lol
We went with a Manufactured home because we were pressed for time, we didn't have time to build a stick built home. But for what we got, we did get more home for our budget and our home now has nearly $100K in equity. We also put ours on a foundation and not a park.
Kristina, I bought a double wide 3BRx4 bath home 24' wide. It is covered in half logs - so a log cabin. I had the electric company come out and give me a reading on insulation. It was already about 5 years old. And, there was not one thing they recommended and they said that it was a very good property for energy. This was not true when I had the electric company do my home that was quite nice in FL. It required all kinds of new insulation and windows. and insulation in the attic.
Yes, oversized AC in Fl and got mold because of just what he said.
People come into my place ( who have regular site built homes) and gush over the place. I have added a garage and a greenhouse and front and back porches. And, it is on 28 beautiful acres in TN. I have never owned a manufactured home before and it is in the cadillac group of them. It is now 14 years old since being built and has some issues for repairs, but so do site built homes. Most people have no idea that it is a manufactured home.
BTW, I am a retired professional.
I’ve made a lot of money on manufactured homes. I’ve heard every definition of them 🤦🏻♂️
They are built well today...you know if your home can travel down the road at 65 MPH it’s built well
Chuck 555 funny you said that because when my mobile home was delivered the driver said that he was doing 80mph on the interstate hwy and not only did my jaw drop but it fell completely off because I’m talking about a 5 bed 3 full baths huge unit so it must be well built.
Carlton Miller I bet it’s beautiful
Night Garden very good observation....my new home was built during the rainy season and I asked what the procedure was if the wood is wet....they said they use a meter to test the dampness of the wood before they start back on it....yeah right
Thomas Scott well as a buyer and flipper yeah Fleetwood is on the bottom of the manufacturer’s......I didn’t buy to many of them. Palm Harbor, champion, skyline
@@chuck5555 But but but isn't a Fleetwood the model of a Cadillac? Lol.
2:22 - I didn’t know that mobile homes “attract” tornado (as the myth goes). Well, if there was any basis in fact for this, we should set up decoy mobil home communities. The tornado will be tricked into attacking the decoy instead of real/occupied communities!!!
That's brilliant 😉
Pample Moose - What if we placed mannequins in & around the decoy trailer parks?! The tornado would think that the decoys were occupied?!
People just don’t want to believe the truth
🤣🤣🤣🤣🤣
One issue with manufacturing homes is financing. Alot of banks won't finance them. If they do finance them they won't do it for 30 year terms and will charge a higher interest rate. Which this often translates to payments as high as site built house payments. They are built well and offer nice floor plans. But they do have flaws. One other flaw Is some areas it's hard to find a place to set up your home. Not alot of available lots or land. Some areas won't even allow manufactured homes to be put in. Trailer parks charge high rent that can be increased after moving on their lots. Which if your paying 400 or more a month just for a lot and another 800 to 1k for your home. Your paying basically a site built house payment then. When you buy a lot that doesn't have a sewer or septic. You have to pay to have a septic system put In. So by the time you buy the home, land, foundation ect you will pay about the same as a normal home. Specially with the higher closing cost, shorter loan terms and higher interest rates.
Mobile homes, RV’s have improved drastically over the last 40 years !
They're still not as good as a 40 year old home built on a foundation, mobile homes are improving at the same time traditional homes built on foundations are being built more poorly, they haven't caught up yet though.
Mobile home yes they're made to code especially in FL.
RVs are cheaply made no matter how much you spend. Recent quality has severely declined due to increased demand.
40? They have improved a lot in the last 20 years!
We bought one in 1998, brand new- it ended up being a huge mistake- but looking at them now, I am seriously considering getting me a huge piece of land and one of these new homes.
Yess this! Have you seen what they’re doing to sprinter and dodge minivans now? Interesting stuff!
I live in a modular home and probably will til I die. I've owned and lived in 4 throughout my lifetime. My last one was damaged from a tornado in TN in 2012. I had roof and siding damage and it did fall off the foundation, but it was a 70 model. I got another one in 2012 and love it. My home wasn't damaged anymore or less than my neighbors in houses. My only complaint is that walls are built over flooring such as carpet and linoleum. So remodling can be a big chore getting close to the walls to put in new flooring. Thanks for the video and you are absolutely right. They are definently tied down extremely well. I feel perfectly safe in mine and I live in tornado alley. Lol. No matter where you are seek safer shelter if possible during bad storms, but a house made from brick, metal frames, logs or whatever other materials can be destroyed by mother nature. Mother Nature can't be controlled.
Just bought a brand new one and I will have it paid off in 5 years already have land and got a water well put into the loan
Cody Yellott how much was the home
honestly, I truly think this woman has peoples' best interests at heart. I really value this education a lot... gold star.
I had a hard time getting over everything I ever heard/learned about "mobile" homes growing up. And I know a person cannot be judged based on what type of home they live in but my family did it all the time. My husband and I wanted unrestricted land but to build a house was way more than we wanted to spend. So we looked at some manufactured homes. It took over a year for me to get over all the voices in my head so to speak to even be able to say...we're buying a manufactured home. It's being built right now. Can't wait.
Oh my gosh! I'm there in that place trying to decide.....more research needed
I cant wait. Congratulations 👏
Mine told me they would laugh at me. Oh well
Is it up now? 🥰
14 years and we don’t regret it....I love my home
Most of these homes are more beautiful than the regular stick builds. They have modern appliances, countertops, and some even have fireplaces. I’m currently looking into modular/manufactured homes for my 1st home. Can you do a video on what all is involved, like land purchase and prep, plumbing, utility hookups? Great video btw!
I wish he lived near me
In Sonoma county.
I currently own and live in a foundation-built brick home, built in the mid 80’s. It’s truly a beautiful home. I also own separately, 6 acres of land in the country. I have no problem whatsoever, selling my house and purchasing a manufactured home for my acreage.
Sounds Wonderful
This is about the only time that you can thank the insurance industry for pushing higher quality construction in these type homes. I just bought a year old modular home and after 46 years of home construction, i can tell that an extra effort was made to make it safe, fairly fireproof and very efficient in maintenance.
I bought a mobile home from a great aunt who lived in it 20 years, I lived in it 8 years, my brother lived in it 10 years, and then it was used as a rental for 15 years. The last owner got rid of it because her last renter totally destroyed it. Broke the windows, punched holes in the walls,tore the toilet out. But until then, with normal maintenance as on any home, it lasted 53 years until 2017. So it was built in 1964 when the building standards were not as strict as they are now. Today’s mobile homes should last longer.
I always get a kick out of hearing people just repeat what they’ve heard about them without really taking a look at them. I live in a traditional built home, it’s a really nice house, but damn there are double wides that put my home to shame. Anytime someone says they’re junk and not built well, tell them next time they’re out driving pay close attention to mobile homes they see. There are 1000’s out there from the 70’s and 80’s (some even from the 60’s), in good shape, and still being lived in. Mobile homes require maintenance just like a traditional home. Both fall apart if you don’t keep up with the maintenance.
Thank you. ANY home, over years time will require maintenance
I have a aunt and uncle that bought theirs back, in 1965, and are still living in it today,
I use to live in a mobile home and the one thing that I've seen in videos recently are the cabinets are built out of mostly particle board that is covered with a paper material. They tell you it's made out of wood and it is but it is chipped up pieces of wood or sawdust that is mixed with a resin and pressed together to make a board and then cabinets are made out of them and drawers are made out of them but it is not a solid wood material because those are a lot more expensive. Again they will say it's made out of wood but that is misleading when it is made out of particle board not solid wood. If you buy furniture it is easy to get scammed. I have Broyhill Furniture that was sold and labeled as solid wood but the only solid wood is the top and the drawer fronts and that is all. The rest of it is a paper covered particle board. I had some of my furniture get ruined because of moisture and it swelled up and it's hard to fix it because it's all glued together very tightly. A lot of mobile homes have very thin moldings that are not house grade moldings so you have to be careful what you buy. I'm sure if you want to pay for it they will build you your home out of house grade materials but you will pay a premium for it. In my experience the plumbing and the fixtures are not the same as house grade except on occasion you might find that they are. My mobile home I use to have had particle board flooring and we replaced some of it. My site built home has particle board flooring on top and the underneath that is attached to the floor joist is plywood And I hate the particle board with a passion because it swells when it gets wet and overtime you can have problems with it in a home. One problem I have had in the past with trying to replace fixtures is you often have to go to a place that sells fixtures for mobile homes and so many other parts are not the same unless you're able to get them installed from the manufacturer with house grade materials. Remember do your reading and your homework to make sure you understand everything you can about mobile homes so you get what you want if you can afford it.
Been living in our manufactured home 26 years, have done upgrades. House is on quarter acre, two car garage, big basement, love it well insulated wood burning fireplace and it is ours, can't beat it, very comfortable.
Set up a 2018 1600 square foot manufactured home on 2 acres and put it right on the market and the value went up by 40,000 above what we payed for it right away. We didn’t end up selling it because we’re going to add tiny house and Airbnb it and then rent out the home and move. Our mortgage is 700 a month which is cheaper then renting an apartment. Definitely recommend manufactured homes!!!
Just wanting to add my appreciation for you posting the facts, and our experience. We bought a '69 model double-wide, so pre-HUD, 23 years ago, and had it moved 120 miles from Helena, MT, and put it on our 20 acres, which we owned free and clear. Yes it has its issues but it was paid off in no time, seeing as it cost less, far less, than a new car, and not having a monthly expense for housing allowed me to stay home while our children were growing up even though my husband's income wasn't the best. We've been here 23 years and have fixed it up a lot. Like I said, it has issues but it has kept us warm and sheltered all these years. We're looking to either build a home (ourselves, no contractors, husband is super handy) or, due to his lack of time, possibly get a manufactured and put it on a basement.
@@KristinaSmallhorn We definitely will. Thanks!
I am a retired real estate broker. When it comes to Mobile/Modular/Manufactured homes, they can be a risky investment. A well made double wide home set on a permanent foundation on a parcel of land that you own will appreciate overtime, not as much as a stick built home, but they will appreciate. On the other hand a cheaply built single wide home sitting in a mobile home park is a disaster as an investment. Many times if you try to sell it after few years it may worth less than what it costs to move it.
@ Well it depends on what you call modular. We recently had a home owners group sue a builder for moving in double wides and calling them modular. The HOA won.
@@HaroldReece the key is if the home is set and there is a steel trailer frame under it, it's a mobile home.
If it is hauled in on a trailer and the movers take the transport trailers home with them once the home is lifted into place, it's a modular.
My home, in a park, installed in 1993 that I paid cash for, has nearly tripled in value. We didn't buy it for an investment, we bought it because we live in one of the most expensive locations in the country and didn't want to leave. It's where we were raised and where our families are. It wasn't cheap by any stretch of the imagination. Our space rent is one thousand dollars per month CHEAPER than a one room apartment in this area. 1560 sqft 3br, 2 bath, living room, dining room 2x6 exterior walls etc. We looked at dozens and this floor plan was different than the rest. The wife fell in love so we bought it and have loved it ever since.
@@dfull6627 2×6 exterior walls?? Especially in a mobile home yeah right okay...
@@stevemitchell2252 well, I've been inside those walls and yes they're 2x6 even have the build sheet from previous owner who specified 2x6 for exterior walls. Interior walls, some are 2x3 others are 2x4 but it makes no difference to me if you do or don't believe it. I have nothing to gain by telling what's in my walls. Just info. If you're having one built, just ask and pay for the upgrade.
I just have to say I have purchased 3 homes that were not manufactured mobile homes and can honestly say they were all poorly made, and your right, it matters how much your willing to spend on any home manufactured mobile home or conventional homes....people really need to research before making crazy insinuations, and it does matter if you are buying a Chevy, Cadillac or Mercedes ! Thank you Kristina for your shows! Everyone should be so lucky to be able to have a Realtor as honest as yourself!
The " insinuation" is that when a trailer is seen out in the wild 99 times out of 100 it IS NOT no premium quality. Drips, mold, & rot from underneath are all the norm!
I owned a trailer park. The mobile homes were owned by the tenants. I bought one. I loved it. Great design, no wasted space, open, so nice. It was a 1974 and had always been maintained well.
I'd love to buy a trailer park. Almost all cash business, you can raise the rent any time you want (annually) since what are they going to do? Move? Then, when the area gets built up around it, you can sell the land and retire.
@@imnitguythat would make you a deplorable
I live in a manufactured home in a nice city in an old neighborhood. Nobody can even tell it's manufactured, it blends right in. My kids and their friends love to spend time here, they always say they love our house. We have plenty of room, it's warm in the winter, cool in the summer. Lots of good times in this house.
I loved living in my manufactured home. The cost of living in it was so low that I always had a lot more money to burn on things I wanted. I wish I could go back to one.
Exactly, in some way, it made me feel too comfortable with the low cost so I hesitated in jumping out buying a house sooner.
You always can go back to living in one. Just do it. 😉❤️
Why can you?
Fantastic video. I have lived in 4 mobile homes. A 1965, 1984, 2000, 2001. The 65 was top of the line (in it's day) even though it was junk. The reason it was junk was the last person that owned it before me. The 2000 was new I put on same lot as 65 once I tore it down. It was nice, new, clean, and a closeout. I sold it (in a park) for 4 times what I paid for it. 2001 was on it's own land and a decent home. Bought it used and it was nasty. I cleaned until it was clean and sprayed for roaches (didn't have them after) and I got new appliances. Now this 84.... Back in early 90s termites came through and wiped out all the trailers (and wood houses alike) and even got ours. We have done a lot of work to it. I replaced the floors, bad stringers, wall studs, more than I should, but it's home.
I have lived in a mobile home since the early 90's. We have done some changes on it over the years. We plastered the walls and put rounded corners. We put up crown molding and replaced the roof. There are a few areas I would like to change. One thing is having the roof over hang and the siding in some areas had to be replaced with James Hardie siding. We updated the HVAC. In time I want to update the siding and take up foam insulation. I've had to replace some of the plumbing and after 30 years I finally had to replace the water heater. Even if i had another type of house I would still have to do some changes and upkeep so it has provided housing for our family for almost 30 years.
Thank you for this. I currently own a 1920s site build home. But have owned two new ordered single wide homes. I loved them and felt that the cost of ownership and utilities were spot on. Living in central Wisconsin the homes were subjected to bitter cold, high humidity and occasional high winds. I was very comfortable and confident in these homes. Life/job changes caused me to move from these homes. Would gladly return to this type of housing in the future.
"you can't add insulation". Me: starts wrapping the outside of the home in insulation making house look like a huge ball of pink cotton candy.
HAHAHA! Now that is really thinking "outside the box".
You can add insulation, when you put a new roof on you can blow it in the vents and roof seam. :)
I put 60 bags of it in my roof.
Jason Jones you think I can do anything with the spray foam stuff? First house and I am making a list of handyman projects
Lol
Get with the program dude. Read the listing sheet for insulation, it must meet city code of where you live. Insulation, sheetrock, skylights, wiring, plumbing....everything changed in the '70s due to HUD wanting a safe home for folks.
Just stumbled into this video. My parents retired in 2006, and purchased a modular home. It was a 2001 model, and they have almost 1 acre of land on their lot. It was a 2001 Model home. They purchased it for $62,000 back then, and their land rent is about $500 per month now. They live in Delaware. It was a real nice house when they moved into it. Over time, their AC unit went up, and decided to install window AC units as a cheap alternative. They had to replace the water heater. When the original water heater went, it was a real mess. Lots of water damage to the closet, and floor where the water heater is. Some of the water spilled into their room and bathroom and damaged carpet. They have numerous plumbing issues in the last 4 years which all caused water damage. They have had to replace a number of shingles on the roof due to wind damage from storms, and are approaching the point to where they need to replace the roof now that the house is 20 years old. They also need to hire an electrician as a couple of light/wall switches don't work in their house now. Their electric bills in the winter time are very, very high because of constantly having to run the heat. They live in Delaware, and I do think that modular homes don't fair as well when there are cold winters to deal with. Modular homes would surely hold up better in the south or south west in climates where there is no snow, and temps rarely fall below 45 degrees outside. All in All, living in a modular home has been the cheapest option for my parents retirement, and while they have dealt with a lot of issues, they have had a paid off house for the last 15+ years and just have to pay the monthly land rent, and yearly property taxes. They enjoy living in their modular home, and I am sure would do it all over again.
Every home I’ve lived in since 1972 had problems like the ones you mentioned. I bought my first manufactured home fr Palm Harbour in 2011- similar problems as you mentioned & none worse bc it was manufactured. Survived Hurricane Irma. My barn did not survive & was not a manufactured item.
He’s a state commissioner and a dealer? How is this not a conflict of interest?
Small town?
Of course. I grew up in a small town and enjoyed Dukes of Hazard. How silly of me.
This is normal in industry. Look up your state bail bonds license requirements and who sets them. Or who is on your states insurance board etc. In trucking our hours of service regs are basically decided on based on what the nations megacarriers decide
Who do you think are on your state's plumbing and electrical licensing boards? Plumbers and electricians. On the medical and pharmacy boards? Doctors and pharmacists. Same everywhere.
It's a man's world and in LA...anything goes. He sounds nice and knowledgeable, but typicalmy creepy.
My husband and I lived in a 3 bedroom mobile home 40 years ago when we got married . We put it on land we bought and lived there until I was pregnant for our 4th child . Then we moved to a new home that was a 4 bedroom wood build with a garage.We did make money on our first mobile home and land . When the children grew up and left home( 25 years after the 2nd home ) we bought some land a double wide beautiful manufactured home .It had a lovely rock wall fireplace, and a jacuzzi tub bathroom ! I loved it ,and we lived there 11 years.That also sold well. All that to say having lived in both a new manufactured home and a new wood built home , I loved them both and they all sold well. We had gone back to the manufactured homes because we felt we got a prettier home on one level when we retired.
My fiancé and I are looking into buying a mobile home as our first home, they can be so beautiful and well put together. We’re looking around!
Hollye Helms did you find one?
I have lived in all types of housing over the years from Condos, Manufactured Homes, Site-built homes. Each form of housing has pros and cons and they all vary by the year they were constructed. I house built in 2010 is very different than a house built in 1950 and you cannot compare them directly. A Manufactured home built in 2010 is very different than one that was built in 1990.
One of the benefits of manufactured homes is that they are generally less costly than a site-built home. This comes from using thinner sheetrock that is 1/8 inch thick to using less insulation in the overall house. I have been in manufactured homes that would heat up to 90 degrees on warm summer days when the outside temperature was 95 degrees outside.
One thing that will also determine if a property holds its value is how it is maintained and lived in. If you buy a property and don't maintain it over the years then it will become run down and will not hold its value.
The main problem that I have run into with Manufactured homes is their use of non-standard parts. Like using plastic tubs and showers that develop cracks in them after about 5 years and have to be replaced at about 10 years. The plastic tubs are not fiberglass which would last a lot longer but instead cheap plastic that cracks and breaks and leaks water into the manufactured house which then causes other problems like mold and mildew in inaccessible areas that you cannot get to.
I’m a retired attorney and looking back over the years I’ve owned many homes and the best home with the fondest memories I’ve had in a home was the manufacturer home my wife and lived in while we were going through law school, I’d happily go back to a manufacturer home, but the area I live in won’t permit it.
What kind of law do you practice?
Mark Garr What area do you live in that won’t permit these manufactured homes? Asking bc we are moving to GA May/June & the houses there have increased quadruple in the last 4 months. Ridiculous!
Take the no capital gains clause 55 + ,1 time sell of personal home.Get rid off all that whatever stuff and buy a couple nice mobile homes on land whever you want,one in another state.Grab back that fun fredom you had ,, Umm, what seems like last week. Simplify, enjoy that retirement, Best wishes and be safe
At one point in my life, my late husband and I had to buy a manufactured home to live in while the furnace in our house was cut into pieces and removed. It was a huge ancient furnace that used oil and had an asbestos lining.
Our manufactured home was located in a well-maintained park and we had a nice size corner lot. From the time we moved in people were leaving notes on our doors asking if we would be interested in selling the home.
Our regular home was finally cleared for us to return to and within a month, without advertising or listing it, we had sold the manufactured home for the same price we paid for it. We saved half the cost of renting an apartment, in the same area, and we had twice the living space plus a large yard.
Our temporary home was lovely and we had no problems with pests of any kind. It was warm in the winter and cool in the summer.
You do have to choose a good location and a well-built home for it to retain or gain value. Putting it on your own land definitely increases your chances of it building equity.
First person I have heard who properly explained why an AC unit cannot be too large or small but matched to the space. Absolutely correct!
Except for the fact that he is wayyy off on that "rule" he claims site built homes use; 500 btus for every 500 sqft? Are you kidding 😂 that would be a 1 ton system for a 12,000 sqft house / mansion! Lol it's actually 12,000 btus (1 ton) for every 500 sqft *smh