it’s important to weigh the pros and cons of living in a mobile home. In this post, I’ll take a look at some of the most important benefits and drawbacks of this type of housing so you can decide if it’s right for you.
#1. CHEAPER THAN TRADITIONAL HOME
As of this writing the average price of a mobile home is roughly $81,000 and a traditional home is $408,100. This is a huge difference in price and you can see why many people are thinking more about mobile homes.
Related to the point above, you might want a house with 3 bedrooms, a nice sized yard, and even a garage. A house with all these features might be out of your price range in some areas, so you have to pick and choose.
Newer mobile homes are built using the same standards as stick built homes, so they are energy star certified, helping you to save money on your energy bills.
#1. DIFFERENT TYPE OF FINANCING
As mentioned before, a mobile home is considered personal property so you aren’t going to be able to get a traditional mortgage loan for it.
If you are parking your mobile home in a trailer park, make sure you first understand the park rules. Many mobile home communities require you to pay a monthly fee that covers the leased land you park your mobile home.