mobile home or house?
Answers:
A house will appreciate in value. If you own the property, a mobile would be a reasonable start while the permanent house is being built. If you own the trailer but are renting the lot, your sending someone else's kids to college.
Other answers:
I live in the Midwest, mobile homes are food for tornadoes. They are less expensive than a house. Then they have modular housing, a cross between a mobile home and a house.
I live in the Midwest, mobile homes are food for tornadoes. They are less expensive than a house. Then they have modular housing, a cross between a mobile home and a house.
A home because it is much safer (in storms) and is generally much larger than a mobile home. Since you said you would "like to have a pet and a yard to grow stuff" a stationary house would make the most sense!
A house is better because it is more of an investment. Houses usually increase in value and mobile homes decrease in value after a while.
Alot of the time you can buy a house for around the same price as you can a mobile home.A house is better because they are more durable.They hold up better in a tornado.Listen to the weather, everytime there's bad weather the first thing they tell you is "if you live in a mobile home get out NOW" .I say a house is better.
From a financial point of view, a mobile home is cheaper to buy. However, a home will be a much better investment. They not only retain value, they appreciate over time, where as a mobile home is like a car, you pay a premium and over time it depreciates. Homes can be expensive in the sense they require more maintaince and taxes and utilities. I think you also have more privacy with a home. I have lived in both and I much prefer a home to a mobile home. What do you think you can afford? If you can afford a home, go for it. Overtime it is a much better value for the money. Good luck
Depends on where you live, it's really what can you afford. I live in California and I don't have to worry about storms destroying my home I live in a "manufactured" home (mobile home) and I tried to buy a house first. I couldn't afford a house so This was option number two. Things to know. To get a loan for a manufactured home is extremely hard. Harder than buying a house. You have to put up 20% down in most cases unless you have perfect credit. Then, it's still 10% to 15% at the lowest. Also the interest rate on these types of loans are much higher than a home loan. As far as house size, my home is as large as most regular houses and I have a dog and a tiny side yard. As far as investment, a house gains profit faster as well as more than a manufactured home will but you still get a great tax break and property taxes and home owners insurance ar lower. And there is the space rent you will have to pay too.
Debatable Question.
Houses are more Durable over time and will Generally hold their Resell Value, and, can Appreciate over time. Depends on the Location.
Mobile homes can be easier to buy, and move to you own lot, so, they are versatile in that area. They do usually lose value over time, but, again it a Debatable subject and Location could determine an increase in value.
I have lived in both and prefer a House over a Mobile Home. Mobile homes can have some cheaply made things, especially Cabinets. They may be made of Particle Board and over time, drawers not stay in their Tracks. They also, more suceptiable to water damage in the Kitchen and Bath. Wiring and Plumbling may be harder to Modify for addition of rooms etc.
There are real nice Mobile Homes avaliable, but, for what they cost and the price of the land. A house could be obtained for the same price. The main thing to considered is; Are you wanting an existing setup or want to buy some land and put a House/Mobile Home on it? Remember, the Mobile Home can be more Versitle for a Fast place to live as compared to waiting for a house to be built and paying Rent as you wait.
IF, you know someone a little familar with Cabinets, you could have them look with you at Mobile Homes and may find a good one that have Real Cabinets made from Plywood and not Particle Board. Also, when you walk in the Front Door and Bedroom Doors, look to see how Thick the Wall look, be sure it is 4-6 inches and not a 2 inch wall.
That about all I can tell you, hope it helps.
I tried this a few min ago and crashed,,,also have been denide access to ever1wolf,,,the Rev, with over 8000 points...anyway,,, I've owned 3 mobiles and multiple Block and Wood frame houses.
A mobile is easier to afford initially, likely, but in many states, LOANS may be more difficult. Also a Mobile depreciates, much as a car does. There are benefits and detractors, as you can see.
A Mobile will be a great STARTER,,,ande is often chosen as a FINAL home, but at some point, especially for a young person, I'd advise, looking into appreciation of land and the dwelling.
Mobiles are certainly better constructed today than even 10 years ago, but are not as well insulated, have no added, real stoarge space, are subject to bad weather conditions, more seriously, will offer little or no equity, and resale value, and are often in "PARKS" which can be a situation you may come to detest.
I'll offer more if it will help.
Rev. Steven
Still here, under a diff name,,,BIG SIGH
well, the way prices and interest rates are changing right now sometimes less is more. I live a a modular home and like it for now. It started me on a path down homeownership and when I am ready i will get the house I want .But for now I am content with want I have. The other reason for a mobile home is I was able to get the furniture I wanted by saving money ( house vs mobile ) bedrooms and living room and dining room .And that i am happy about!! good luck !!
A few years ago, I looked into travel trailers. Depending on your lifestyle, this might be a viable alternative. They are okay for small pets, you can park them on your own land, they can be moved in an emergency, and they are self-reliant in bad weather.
The cost for a decent sized, low end travel trailer is about $20k They come with everything you need, and not much more. As the cost increases, you get more room and comforts. For about $80K, you can get them with gas fireplaces, washer/dryers, extending patios, and a wide variety of decor. One brand even has an outdoor grill that pops out of the trailer. Fifth wheels are an even better way to go for comfort. They are roomier, and have enough head room to utilize ceiling fans.
I know several people who live in them, and they are attracted to them because they are self sufficient. In Kansas City, we generally get 3-4 ice storms each winter. With proper insulation, and a couple of radiator style heaters, someone living in a trailer can stay more comfortable than someone in a house or mobile home.
When we get ice storms, it is not uncommon to have large portions of the city without electricity for up to a week. Since all the appliances in a travel trailer work off of gas or electricity, they don't have to worry about power outages. The 2 100lbs. propaine tanks (standard on a fifth wheel) will provide power for everything for about a month, 2 months if you are hooked up to electricity. They can be filled at almost any campground that accomidates trailers.
Cleaning a trailer is a breeze when you have guests over. Even a large trailer, say 36' long, takes a minimum of effort to keep clean. They generally have lots of hidden storage compartments and some even have hidden access to the storage compartments under the living area. Some manufacturers who don't provide washer/dryer hook-ups, even build in laundry chutes so your dirty clothes go into a storage compartment that is accessed from the outside.
Here is the really great thing about travel trailers. You buy them like a car, but they hold their value like a home. Mobile homes lose value quickly, but a travel trailer will retain its value as long as you take care of it. If you add ammenities, it will increase the value, just like a home. I know a woman who bought a used trailer for $2000, lived in it for 6 months while she fixed it up, then got a $7000 trade in value off it from the same salesman. She lived in that one for a year, fixed it up, and traded it in at a value of $15,000. Now, her $50,000 trailer is paid for, and she's thinking of trading it in on a new trailer that runs about $90,000.
Finally, there is the problem of furnishing a travel trailer, which really isn't much of a problem. Part of the package is a decorating scheme. You simply buy one you like, and everything you add to your living arraingements simply needs to fit into that scheme. Since they come furnished, the only thing you need to add are the little touches that make a place home.
Look into them. You will be amazed at the possibilities...
-SD-
Go for the home (1 st. choice); maybe a fixer-upper or something small you can expand later. A mobile home is like a car; it depreciates in value unlike a home that will increase in value. But, you know what you can afford. If you can only afford a mobile home, go for it and plan to live in it for a long time. Some people love mobile homes. The advantage is, you can move it if you want to relocate.
House in my opinion is a great way to go. Mobile Homes do not hold their value for resale reasons and way too many things can go wrong. A stick built house (not manufactured) was what we just built ourselves. We spent over 2 years looking and talking to people ( builders, manufactured home sales, mobile home sales and friends and family) to get all the information we could gather to see which way to go.
a house because it much safer than a mobile home when it storms i would be afraid of blowing away if a torando came i use to want one but i got scared and forgot about that i live in ahouse
Resale value!! I have property and have thought about remodeling my home or tearing it down and putting up a modular home or prefab. Every real estate person that I have talked to has showed me that it is harder to sell one, compared to a home. I have see them on the market for months (even years ) longer than a home. If you plan on staying for a long time I say get the Mobile, but if you think you won't, go for the house!! Good Luck!!
I am a Manufactured and Modular Homes salesperson, so one would perhaps think my opionion skewed. However, there are pluses and minuses to both.
Many have answered that a site built home stands up better over time. And while this has certainly been true in the past, this is rapidly changing. Manufactured housing, under its current laws and code has only been in existence since mid 70's and yes some of these homes have survived and survived well to date. However it was not untyil the past 3-5 years that true site built quality began to enter into the equation of a Manufactured home. As demands for housing grew and interest rates plumetted MObile home manufacturers found that they had to produce a better product than ever. That being said their are still substantial differences.
APPRECIATION
A site built, which is considered to be part of the "Real Property" appreciates in Value over time based on inflation and the cost of surrounding and similar homes. A Modular Home is appraised much the same way, with additional factors of Manufacturer and year built factoring in. These are also considered to be part of the Real property. Manufactured homes are appraised much like an automiobile. So much so that NADA has appraisals available on there web site.
CONCTRUCTION
Site built homes are, as there name suggest, constructed on site on a permanent foundation. The crews used to build most of tehse (Specifically tract homes and the like) are often low paid and the methods are questionable. The quality of a particular builder may vary from home to home. This is a generalization but true non the less. Both Modular and Manufacture homes are built in a climate controlled factory and do not suffer the drawbacks that wet and dry wether may effect on a site built home. The standards for both are set forth by the government with strict rules and regulations governing materiels, processes, and struictural integrity.
STORM SURVIVABILITY
If your home is hit with a tornado, regardless of what type of home it is, it has little chance of survival, one has only to look at recenbt news to see this. However, mobile home parks seem to be hit especially hard. This is primarily duye to the relative flatness of the areas in which they lie. There is little in the way of natural wind breaks to slow the oncoming storm.
My suggestion to you is to look closely at a modular home. They are built to the strictest of stadards (Internation Residential Code). There consrtuction takes place in a controlled environment. And finally, they are placed on permanent foundations. These things give you the structural integrity of a site built and the same financing options available, in most cases, while still giving you a tatse of the affordibility of a manufactured home.
Good luck in your decision.