Mobile Homes Pros and Cons | Manufactured Homes
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- เผยแพร่เมื่อ 26 ก.ค. 2024
- There are several pros to buying a “mobile home or manufactured home” instead of a traditional stick-built house, but there are also cons as well. Before you decide to buy a mobile home or manufactured home, weigh the pros and cons to make certain your decision has both your financial and housing goals in mind.
Modern mobile home or manufactured home can provide a quality, cost-effective alternative to a stick-built home. However, they have some cons to stick-built homes that you need to consider. Factors to consider, such as costs, laws that impact mobile home value, and low-cost stick-built alternatives, vary in different areas, so be sure to do your due diligence.
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I lived in a mobile home for 4 years when my kids were small. You shared information I did not know about. Interesting.
Should I buy 1 .. I have a 1 year old .. do they flood a lot because it’s 1 floor is it it safe in rain ?
@@hemingwayzydeak1234 If you watch some of her other videos on this topic you'll find a lot of your questions answered there.
A mobile home (trailer) is different than a manufactured home.
How many millenials in the comments thinking of going this route?
Yes
Gen Z here definitely my family's route
Yeeees
I make over $100,000.00 a year…but I live in Canada, where you have to be a multimillionaire in order to buy a run down crackhouse.
This is the only route I will ever have in order to own something
In Vancouver, unless you inherited/bought a duplex or townhouse around 20 years ago before the real-estate equivalent of scalpers took over the Lower Mainland, these Mfd houses would be your only option, and even then you'll have to get used to living with your parents or grandmother, since most if them will be restricted to 55+
I bought my manufactured home in 2008 at age 24. Everytime something breaks. It gives me more opportunity to gain experience and make it so it doesn't break for a long time. Not all of us are dumb and lazy. I love my manufactured home.
I thought about buying one myself within the next 6 months. Is there anything else you wish you would have known before hand?
They're a lot easier to fix when something goes wrong.
Especially when one has to go under the house to fix or replace pipes.
@@misterjay4347 If you buy a mobile home the amount of money you save living in it well allow you to save money to buy your own land to put it on.
@@misterjay4347 Things break in any and every home, that's not really something that a persons going to say "dang, I wish I knew I'd have to fix things" with a manufactured home in particular. If anyone wanting to buy doesn't have the funds to maintain their house then it's better to rent and call maintenance for help whenever things break.
Home is where the heart is!
I bought a used singlewide for 10k (Transportation/installation another 10k) and moved it onto a land I bought for 20k. I should be close to paying off my land, and my home. It was one of the reasons I chose this route. I love my manufactured home. It amazes me that people are disgusted by a mobile home, then purchase a tiny home for 300k. I have more land, and a larger house, for way less.
I would think that when someone goes mobile... They are trying to save tons of money and pay house off fast... Me personally I wouldn't look to go mobile to make a profit I think of it as trying to become debt free fast..
Exactly
That's exactly why I did it
Yeah me and my brother are looking at buying and that's what we've decided to do.
I'm considering it because for me it'd be a temporary place until I pay it off sell it, and then use that down payment to get a "better" home. I'm only 22 and already have 10% of the price saved up which should make getting a loan somewhat easy. Still not decided. I'm going to save for another year and consider my options
@@2009blahblah how did it work out for you?
When I first moved into my mobile, I was saving $300 a month from the apt rent I left behind. Over the next 15 years, apt rents have gone thru the roof while my space rent increased only a little - $430/month now. Thus, I have saved literally tens of thousands of dollars - and - I own the box I sleep in. Plus, since apt rents have increased sooo, so much, my $7000 investment has increased as well - I could get around $30,000 for it at today's prices. Its in a small 55+ park and all my neighbors are great.
Mmm, I'm currently in the market for a quality used mobile home and I doubt I would go $30,000 for a fifteen-year-old home, even in like-new condition, especially one that is in a mobile home park. You must live in a high-demand area....
I'm thinking you don't live in California. We are having a serious problem with "investors" buying parks and jacking up the price of space rentals, knowing full well that moving older homes is an extreme expense many can not afford. In one S.F. Bay Area park, the rent went from $380 to $2500. New owners. No upgrades. Nothing. It was a shake down, but a legal one. This piracy is a trend that has caught on. Watch out.
JungoJerry - you could have lived under a bridge and saved more.
Where??? Lot rent is $$$$$
Cant yu make yur money back by jus renting it out to a single family who's gonna stay there another 15 to 20 years?
With a manufactured home you can ask them to upgrade it to modular specs by asking for wind zone level 2 upgrade. The biggest difference is that you can put a manufactured home on family property (In Texas), whereas you are required to own the land in your name if you do modular.
Wow I did not know that!!
Thanks for the info!
I saw a program/documentary that showed that many mobile home parks are deliberately raising their space rental rates to force people out, and then many of the renters can't afford the thousands of dollars to move their home, so they abandon them. Then if I recall correctly, the park rents them out again or takes possession and makes even more of a profit.
I actually did a video to help people renting their land in their parks. th-cam.com/video/lOiGVT729RI/w-d-xo.html
Do u remember the name of the documentary ?
Name of the documentary?
Some manufactured homes are very high end.
And they cost almost as much as a small regular home 😣 I need a 3 bedroom because I have 3 children and 1 on the way. So a family of 6. I can’t continue to live in an apartment! 😫
Vicky Andersen if you get a mobile home it really just depends the location and model on cost but most don’t cost much I have to check again on how much my mobile home costed bc My mom owns it but the mobile home is also on our own land so if you get it in a trailer park it may vary in prices and the mobile home is 3 bedroom and 2 bath
We got one for 170k nice and worth 350 now.
Denise Chestnut it does if you own your own land
@@coziii.1829 9
you know, if you build a foundation, and attach to it, then when you sell it, it actually will sell for an improved value. not separate from the land as used personal property. you can sell it many times for near the same as you would a stick built house with the same square footage. I'm talking about on your own land, not in a park.
Really love how clear you explain the issues.
lived in mobile homes my whole life. there the norm where i live and i notice the value they have here so i want to start buying some and renting them out
In 1996 my wife and I bought a 14x60 Clayton. It was a nice home. Nothing wrong with living in one. It was in Missouri. Wind is no issue we even rode out a tornado in ours. Don't recamend it. But it wasn't that bad had little damage.
I'm not even in the market for any of this. But like this info 😊
My mobile home in the San Diego area has actually increased in value. The average rent costs for a 1 bedroom apartment in my area is $2,500 a month. Th space rent where I live is approximately $850. So, many people can make their payment, and space rent payment , for considerably less than that. Then you get 1100 to 1500 sq feet and usually three bedrooms for less than what you can rent an apartment for. Manufactured homes hold up fairly well in the warm dry weather of inland San Diego County.
Thanks for your feedback, my wife and I are actually looking for a mobile home because of the same reason (rent is so expensive)but we are a little scared since we are first time buyers, we also live here in San Diego.
We are looking at homes and mobile homes in San Diego, and yes it’s way cheaper than a regular home
@@lisabetramsey20 if you want to go inland a bit there are some for sale here in Poway, and just a bit south in Mira Mesa. Best of luck on your search. Also people ARE renovating them so it’s always an option if it’s otherwise in decent condition.
Escondido isn’t a bad to look either if you want to go inland. Same great weather, less money spent on housing.
Thank you for the info. We're about to purchase one to place on our already owned lot.
Brilliant advice Kistina, I bought a mobile home in Ireland, the rules are more or less the same as the states, a lot of paper work to read and sign, the rental for the site fees works out around, $4700 a year plus electricity and gas plus insurance, but brilliant way off life, and location is awesome, besides the Irish Sea and mountains behind,
Brilliant listen to your Internet blog about mobile home life style, as we call the mobile homes, Caravans
Greetings from Dave in Ireland
Morning Kristina, brilliant to hear from you, great you have friends in Liverpool, I also have family in Liverpool, my home is a static caravan. I enjoy reading your information and advice on the Internet,
Cheers from Dave in Ireland
You rock Kristina! 🎸💫👍 Very informative, unique approach and great personality!
I appreciate this video a lot. I knew absolutely nothing about mobile home, and the price was reel me in.
Saw your comments on the Tubebuddy live today Kristina, just wanted to say hi! You've got a killer channel! Keep up the awesome work! ❤
Thanks for being honest about moblie/manufactured homes!
Ty for all of your hard work and tips !
Here's another con if you live in Florida and are considering a mobile home:
Hurricane seasons are no fun to people owning and renting mobile homes, best to find a hotel room to stay when a hurricane makes landfall or at a relative's built home.
Mobile (Manufactured) Homes put in rental (land) sites are severely depreciated in resale price. Buy one already there, don't make the mistake of putting one in.
so much great information! thank you
thank you - you gave some great tips - I'm looking into buying a mobile home
As far as investment goes a mobile home seems to make perfect sense only if your main investment is in the land it is on.
Your statement is very contradictory. "As far as investment goes a mobile home seems to make perfect sense only if your main investment is in the land it is on." If you're investing in the land, you're not investing in the MANUFACTURED home. It's only titled mobile if its post-1976. A manufactured home is never and investment. At best, you will sell the property for an increase, not the home.
Thank you so much. There is nothing like pure knowledge.
The ones we sell here in Ga. are around $45 on the low end to around $126 on the higher end per square ft for the full finished sheetrock manufactured homes where as site built homes are around $130 To $200 + per sq ft
Thanks for all the statistics and the useful information.
Thanks for sharing this video.
Just the video I needed to see. Thinking about buying one
My husband and I are considering purchasing a mobile home on an acre because rent in a safe area where we live is so outrageous. We pay nearly $1500 now and they're raising it again in two months. Meh. Costs to breathe nowadays. My goal is to be debt free and get out from under this heavy rent bill that's sucking us dry. I just want a little peace and quiet, a safe space, and some savings! lol
You and your husband will have a happy life if you guys keep that attitude.
Very informative, great job 👍
Thanks for you top information👍
Im learning a lot from you.Thanks
Own or be paying for the land before you buy a mobile / manufactured home Only way to go
Neil Revhead more information on that, please.
Bundle package the land and the home?
I'm gonna ask my mom if I can just rent her land, she probably wouldn't charge much 😂
another downside to owning a MFG home in a park, is you're stuck there, paying rent, until you find a buyer. You may be able to walk away from your home, but good luck in simply taking your house. Most parks now make you cut off the trailer tongue so you cannot tow it away.
I like your channel. Lots of valuable content.
Thank you!!! It's a dream in a mobile home. ❤😀🙂
Wowwwww so much knowledge 👍
We sold ours in Minnesota to a guy in North Dakota who owned a park, we did very well, the oil boom was going full speed at that time.
OMG !
I need this channel
Thank you Christina for all the information that you share with us it is very formative and very useful because I am going to purchase a manufactured home I have my own property and I have you some of your tips in obtaining the home that I like thank you for all you’ve done ✅
Regina Burrell thank you for watching.
Great tip about low or no appreciation
I am looking to buy a mobile home. I’m looking at a property in a city that is booming. I know that In a few years that $75,000 piece of land will be worth one million dollars in about 10 years. Homes and property go up each yeah by $50k-$100k so maybe I should take my chances and save my money and let the land raise in value even though the mobile home won’t be worth anything. Great video.
Thank you!
Interesting!!
The newest trend here in California is the Mobile Home Tent edition.
I own my MH AND the land. Bought it new 20 years ago. Why?
To stabilize my finances and insure a secure paid for mortgage for my retirement. My house is almost paid for my payment has been the same, and I re financed it together with the land in 2002. I have 8 years left, but since I've been paying extra on the PRINCIPAL for years so it'll be less, then I can sock away what covered the payments every month and I plan on having quite a little nest egg to retire on.
20 years still paying for a mobile home? 👀
Great video
Been searching for 55 and over and lot rent is 700 and up monthly. More than my current mortgage. And manufactured homes new run from $120,000 and up
Kristina you freakin rule !!! I love ya videos your so damn smart when it comes to this . You jus changed my whole mentality on buying a regular house . I didn’t even kno this was a thing till this video .
Thx.
Interesting that Texas had the most shipped mobile homes, I was going to say that up north in Ft. McMurray area where the oil refineries are there are a lot of them. It is a very expensive place to live and the cost of homes is very high. I bet it's a trend in the oil & gas industry too because a lot of people use them as a second place to live when they are on a turnaround. It's too bad that they are like cars, once you buy them the price (value) starts to drop. Thanks Kristina!
hope that city plans to build a 2nd 4 lane road outta there....
She is wrong about maintaining your money in your manufactured home if you ground set it it will maintain value more
@@radonnapease8807 so you mean to build on a foundation?
@@ConstructionKronies they can ground set your manufactured
There are 3 types of homes, 3M's
Mobile aka Trailer Towed to a lot or a rented space ( aka trailer park), and parked
Manufactured Towed to a lot, (usually a owner purchased lot) the wheels are removed and the chassis is supported on blocking, timber or cinder blocks,
Modular Towed to a lot, were the house is lifted by a crane or rolled onto a permanent foundation of cinder block, or pour concrete walls, or a basement. The home is then anchored to a foundation.
A modular home is the same as a stick build home in most states, making loans easier to get and it will increase in value as a stick built home would.
Lets loose the term called mobile because this is misleading, we should be talking about a manufactured, or a modular.
That is true for new constructed manufactured mobile homes but I live in a single wide 1971 Monterey (yes they are still around) and that my dear is a different ballgame.
Definitely a trailer that would fall apart if moved.
It’s affordable but definitely and appropriately a trailer and I don’t mind the term because it is Home. ♥️
Kristina, Thank You for another great video on manufactured home. Blessings 💜 LC
Hey if you don't get along with the neighbors you can pack it up. I would be awesome to have a little piece of property in the bush with a manufacturered cabin on it and fish all day😆😉
not so easy if you live in a park. now they make you remove your "trailer" pieces. could be as simply cutting off the towing braces, but could be also to remove the axles. they don't want you skipping-out without finding a new renter. You think you can just walk-away? how can they rent it if yours is parked there? you're going to pay space rent.
That the plan I live in Texas n just bought half acre lot close to the lake can't wait for the Future either mobile/ barn pole home not to sure 🤔
@@steveo78227 all these people moving to rural Oregon. wondering if theyve changed their minds now. lol while whole towns are burning down
I'm 75 and have put my condo/home on the market after owning it 15 yrs. Planning a move to FL. Let me just say, my resources will be limited after the sale of my current home (after all payouts). Someone suggested for me to do a cash purchase??? I've got to study up on that. So while apartment type condos or stick-built homes are another option, depending upon the age of each, the cost factor comes up and there could be structural issues as well. For all of these pros and cons from your page as well as others, I appreciate the intent but as in everything I've read on this subject, no one offers a clear and concise alternative to purchasing a mobile home.
Thank YREW it's Tuesday! Or should i say "sustainingYREWSenergy" 😉 God bless the Smallhorns! 👍😁
@@KristinaSmallhorn but of course! 😁👍
I live in Los Banos cali where do I look. thanks for the young man showing some homes.
In the south we call them trailers 😂
And they're very common in small towns. Right down the road, my neighbors won $1 million, but they still bought a trailer. It's very common on new land because it's easy to just buy and throw right on your new land. Me and my brother are thinking about buying one together and putting it on our parents land(they own a small lot in town).
good info thanks for sharing lots I didn't know but you did forget the negative of that they are tornado magnets lol
I've lived in mine on 2 acres in rural N. Texas. That insures a bullseye on me right? Wrong. I've been hit and the house stayed tight. A wall on my BARN got blown off....
If you think that your stick built home will withstand 300+ mph wind and you'll be safer then I have some ocean front property in Montana I'll sell you real cheap.
Yikes!!!,,,, I think that I will buy the land of my own property and I will take a modular home once setting with the basement then I will stay there forever until I die.
That’s my plan for my next home.
The prices are actually going up on manufactured in many states. I have seen some go for more then 100 thousand dollars.
Do you have to pay a sewage assessment fee when purchasing a manufactured home.
Good to know about the moving and loan complications. I see way more people trying to sell these with the stipulation they have to be moved then trying to sell it with the land as stationary home in my area. I always found the offers unappealing because of all the added costs - moving costs, land purchase, installing sewer, setting up electrical service etc... I also don't like the lack of ADA planning on these since I have a 15 year old son in a wheelchair so right out of the gate brand new things would need to be remodeled. The fact that you can't weather a tornado in these like a stick built home is a big deal in my area. So additionally, to all the setup costs, remodeling costs if disabled you would also have shell out money for a tornado shelter or hope and prey one doesn't come your way; not a chance I'm willing to take considering my previous house was destroyed by an EF4 in 2011, wiped out half of my old home town and killed 9 people. I do find many of them beautiful I just can't get past the logistics and financial layout. I would rather buy a pre-existing stick built with a basement and just pay an extra $10-20 grand for an ADA remodel.
3d printed home.
Good stuff Kristina! I’m probably not buying a mobile home anytime soon but it’s good to know. Thanks!
Sweet do it!
Unrelated but you have gorgeous eyes.
Sorry for saying this but if Kristina was a mobile home park owner around my area, i would sell my house and move there in a heart beat❤️
Thanks for all the info. I learned a lot!
TheMetroPhotographer thank you for watching and commenting. 😁
being 24 plan on buying mobile home then building my dream brick and concereate home with tile.
thanks!
No problem!
Am confused..you keep saying mobile homes...but are you talking about manufacture homes? Or mobile homes..
Because they are not the same..
I enjoy it
What about property, state, and federal taxes? Are there any advantages or disadvantages?
Florida 2022 price sq ft house about 250$. Not 100 anymore.
New subscriber
Can I get a.manufactured home in a property land that I can choose?
What I will check to make the right move?
Your makeup looks real nice, especially around the eyes🌻
I heard it can increase in value depending on the area and how well it’s kept up is that true?
Please, give us info about any extra fee that you have mentioned.
My only concern- tornadoes 🌪️. Only reason I may not consider.
Thx
Do you pay monthly or you have to pay for the whole thing?
Where i live a small house can run you $150,000 to $200,000 were i could buy a mobile home for $30,000 the prices on houses are crazy i cant afford that the taxes are a killer in this state
Do you live in California?
I never knew that if you take off the axel of the mobile home, then you can’t move it. I wonder what the rules would be on a manufactured home?
That was my first question. Lol! How u been?
Eddie Smallhorn, Eddie, a mobile home and a manufactured home are the same thing. Same rules.
My mortgage is a private mortgage with Chase. 😱. People, keep that credit score high.
Kristina, I have a question I hope you will answer, please. My daughter is in the military and so moves around every few years, so she has just been renting an apartment each time she moves. She doesn't want to get stuck not being able to sell a home when she gets moved again. However, she does know where she wants to settle in at once she gets out in about 10 years and she knows she wants to buy a fairly new (for that time) mfg home. My question is - - should she buy some land now and then put the home on it later? My REAL concern tho - - what if over the years the zoning on the land changes and will no longer accept a factory built home?? Is there anything that can be added to the contract to avoid that from happening?? thank you for your help
Hi Kristina, I have found out in recent years that a mobile home can be deadly when severe weather is in the area. Case in point was the tornado super outbreak nine years ago and a trailer park was in the path of a tornado and a majority of those homes were not recognizable no more. I am an avid storm tracker here in East Central NC and I thought that I would kindly give you that little tidbit of info. Awesome channel and rock on, hon.
-MG
I agree with you but also keep in mind Hurricane winds can be as high as 156 mph and tornado winds as high as 200 mph don't be fooled no matter how it is built that kind of wind will destroy anything INCLUDING COMMERCIAL BUILDING MADE OF BRICK OR CONCRETE AND STEEL.
@@2008tfe You right...in 1994 HUD revised it's standards for mobile and Manufactured home construction and in 2014 IBHS insurance institute for businesses and homes did a wind tunnel test creating tornado force winds and concluded that manufactured home faired as well or better
than site built homes
This video is about mobile homes , not trailers
In Florida, they retire mobile home titles when they are on land, so you are taxed just like a stick built home.
Same in ga!!
I would like to know some information about purchasing a mobile home and putting on family land
you can ask your city for their regulations about which properties (in their eyes) allow (or not) a MFG home. one thing she did not cover here, is your foundation. if you want it to appreciate, and sometimes if you want insurance, then you need a foundation and the home needs to be attached to that foundation.
What’s the difference between prefab and a modular home
It's NOT like HOA fees. There's a big difference. A rise in HOA fees benefit the homeowner because the land is owned by the homeowner -- whether a condo or stick-built home. In mobile home parks, a landlord owns the land and can raise land rent fees as he/she desires (greed).
major tax assessment advantage with our singlewide on 5 acres, compared to the nieghbors with site-built on 5-acres.
I bought 5 acres and put a well and septic tank on it when went a bought a double wide manufactured home with real fire place in it with 3bedrooms 2bathroomxs a dinning room kitchen and dinning room in kitchen washing room. A home on permed foundation. And it is taxed as really state
Best thing is Rent a home in small town never buy home even if you pay it off you still gotta pay heavy tax on that
Property tax in every state varies. In Louisiana property taxes are relatively inexpensive.
I will be moving to a land lease community where the home is already there. To rent the land is half the rent of the 2x2 apt. The home is much bigger and upgraded. This is not an investment at 70 I plan to age in place. If you are young do not consider this, you won’t be building equity.
So, if it was your money and you are purchasing a new home, do you go looking for a Mobile home or a Modular home? Thank you for your information. Roger
Personally, for myself, I would go modular even over traditionally built homes. They are built to higher building codes and are so wicked energy efficient.
Ok, I have been looking at new manufactured/ mobile homes. We like the Lulabelle 4 bedroom farm home by Clayton, but I've also seen that it's made by other manufacturers? I'm really confused. Who are the best manufacturers in your opinion? I have seen good and bad reviews of the Lulamae/Lullabelle farmhouse. I'm not sure I can even get one delivered to Utah. We are buying a property and want to put it on the property. We could build a stick built but just don't really feel like it. We have rebuilt so many homes in our 25 yrs together, we just want to relax and have it delivered! Thanks for making these informative videos!
Hi Suzanne,
Have you checked out Kitt Manufacturing, they are located in Idaho.
It does not go up in value, chances are you are renting the land, how is this different from renting an apartment or a house?