Mobile Homes: 5 Reasons Why You Should Invest in One

Posted: Dec 13, 2012
Author: 1st Choice Home Centers

Mobile homes have changed a lot from the typical trailer park home that is portrayed on TV. They are better built, more energy efficient, and more reminiscent of traditional homes that can be bought elsewhere today.

However, it is not always the easiest decision to know whether to invest in mobile homes. In this economy, where any property purchase can be risky, buying mobile homes can actually be a good investment. Here are 5 reasons why you will want to invest in a mobile home:

1) Less Money at Risk

Since mobile homes can be significantly cheaper than traditionally built homes, the money needed to invest can be much less. Mortgages are granted in the same way, though payments can be much more manageable for a family who perhaps only has a single income, or who wants to pay off their property faster.

2) No Closing Costs

Most typically mobile homes are located on rented land, and because of this, there are no title insurance, property taxes, fees, or any other costs that typically come with buying real estate. That can save home owners upwards to thousands of dollars alone! Mobile homes in parks are considered “personal property,” so it is much like buying or selling a car or boat.

3) Little Competition

Most people would expect any cheap real estate to move fast, but mobile homes typically sell at slower rates and often can come with some deep discounts. Sellers usually have their own deadlines, and when caught at the right times, it can be a buyer’s advantage to get a deal and save major money!

4) Less Maintenance

Mobile homes typically are less expensive to maintain and repair than traditional homes. Often repairs can be made by even those who are minimally skilled, saving the costs of having to hire a professional.

5) Investment for the future

If it’s one thing that never usually depreciates, it’s the cost of land. If you happen to buy mobile homes that are attached to their own land, opposed to being on a rented lot, there is always the advantage of knowing that you could sell the mobile home and rent the land. That way, there is a consistent flow of income whether you yourself live on the land.