if you answer the question, tell me what your experience with them have been? did you own one or did someone you know own one? how long ago? how much did they pay for theirs? what state/area were they in?
2007-03-12 15:39:43 · 5 answers · asked by whosajiggawhat? 2 in Business & Finance ➔ Renting & Real Estate
negative--they can be harder to resell and insure, depending on your state. they are popular in my state (Florida), but they are getting very difficult to insure.
2007-03-12 16:56:49 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Msnufctured homes may be priced cheaper, but are very difficult to finance. First off, there are only about 3 companies in the whole US that will give a loan on these types of homes. Secondly, if you are buying one in a community, they are over priced and the company makes a bundle off you. Really the only smart way to buy one is to pay cash up front. my mother is a loan officer for the past 6 years and getting loans for these where you can come out ahead is near impossible.
As far as living in one, the are finely built, i actually rent one and love it more than any other place i have ever lived but i would never think twice about buying one.
2007-03-12 16:16:37 · answer #2 · answered by j_ace84 2 · 0⤊ 0⤋
Positive, they are cheaper, even when building. Con is that the value won't appreciate as much as a normal house and make sure the contractor is good so little things don't start coming undone (closet shelf doesn't fall, etc.)
2007-03-12 15:48:04 · answer #3 · answered by Mariposa 7 · 1⤊ 0⤋
Positives- very affordable
Negatives- they do not appreciate well. It is like buying a car. You'll never see the return on your money like you will if you buy a house.
2007-03-12 15:48:13 · answer #4 · answered by blahblah 4 · 1⤊ 0⤋
i do know they don't have much of a resale value--don't fall for any hype, they're junk. go for a solid home.
2007-03-12 15:50:20 · answer #5 · answered by Anonymous · 1⤊ 1⤋