mobile home or house?

Question

which is better to own? I am going to start on my own and would like to have a pet and a yard to grow stuff. so apartments are out of the question. so should i save for a house or mobile home?Give reasons for the better choice.

Answer 1

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.

Answer 2

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

Answer 3

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.

Answer 4

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.

Answer 5

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

Answer 6

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 !!

Answer 7

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.

Answer 8

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.

Answer 9

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.

Answer 10

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!