Comments on: 8 Reasons Why You Should Consider Buying A Mobile Home

By: Ashley

Ashley — Fri, 09 Aug 2019 23:25:33 +0000

In reply to Amanda. I am in the same situation basically except waiting for my payment for 2 years worth of income replacement, my permanent injury payout and my payout for loss of employment due to the accident because I can never return to what I do for a living and have to go back to school. I found a 4 bedroom 1 bath (with jacuzzi) newly renovated mobile home on 6 lots of land for $30,000 (the land it's on it worth alot as it's a sought after town) that comes with all the furnishings, a 2 car garage, a rising lawnmower and a small camper trailer. I am currently working with the owner for either a full cash sale or partial downpayment and payments for the remaining. I think its important to look at how well its been maintained and finding out if any repairs would need done within a certain period of time (for example I asked about the next 5 years and was disclosed the furnace would need replacing. The coat of a new installed furnace is approx $2000 so that is used in part for the negotiations. I feel putting the money in now and owning with my injuries will allow me to focus on reaching my maximum recovery and spending time with my sons, without the additional extra stress of paying $1200 a month rent. This will also allow me to make the remaining amount of my settlements last longer as it will be monthly expenses and food that I'll have to worry about. Maintaining the mobile home is also alot cheaper then a stick built which is another big factor for me. Good luck in your search! And in your long term recovery.

By: Jason Michaels

Jason Michaels — Wed, 17 Jul 2019 19:48:20 +0000

In reply to Thomas Peterson. Hi Thomas, Did you end up looking at any mobile homes for sale? Let us know what you decide!

By: Jason Michaels

Jason Michaels — Wed, 17 Jul 2019 19:31:35 +0000

In reply to Amanda.

Hi Amanda,

To be honest, I’m not really sure on what to do here – it really depends on the decision that you want to make. Buying a mobile home is great if you want a house that’s cheap and you can have something of your own. A house might be more costly, but it’s definitely a more stable home and has more room for appreciation. It depends what you’re looking for. For relocating, a mobile home is also great.

By: Jason Michaels

Jason Michaels — Wed, 17 Jul 2019 19:27:14 +0000

In reply to Patricia Mallory. Hi Patricia, Mobile homes can be an excellent way to save money, especially for the FIRE community that is looking to retire early.

By: Patricia Mallory

Patricia Mallory — Tue, 16 Jul 2019 03:40:23 +0000

Very interesting points re sticksnbricks vs mobile homes. Definitely interested in getting a MH at my age and continue saving money, thanks

By: Amanda

Amanda — Tue, 09 Jul 2019 13:29:02 +0000

I’m considering buying a “mobile home “on leased land. The home is about 40,000, it is in a great area with beautiful homes near by. I will look into the lease terms first .This is my question.
I’ve just received a settlement from an injury and my earning potential has decreased significantly because of the injury. I’m with family now but I want to be on my own. This money has to support me for a good length of time due to my situation.
Rent in my area is 1,500 amonth for a 2 bedroom( I have a son). I’m scared to death to make a choice. If I rent all my money will be gone in less than three years, paying rent and living expenses . If I buy, do I pay cash for this mobile home, so my monthly bills are low ? The hoa is $400. a month. Second choice is I’m trying to find a cheap house that needs some work in a decent area. Put some work into it with the hopes of selling it for a profit. God willing I’ve got a lot more life to live. I’m trying to be smart. Any advice would be greatly appreciated. Ps I’m not totally against buying a RV and traveling a bit. I’ve looked into relocating to another state. But honestly I’ve found financially , matching state to state. There is not much savings.

By: Thomas Peterson

Thomas Peterson — Mon, 24 Jun 2019 17:53:08 +0000

I like that you mentioned considering buying a mobile home is beneficial as depreciation will have passed. I have been considering buying a mobile home for a cheaper living condition. I would love to check out some mobile homes for sale and see what I can get.

By: Susie

Susie — Fri, 24 May 2019 08:51:02 +0000

In reply to Chuck. My husband and I are getting close to retirement and looking to do the same thing. Has insulation been a issue? Is heating and cooling a issue?

By: Chuck

Chuck — Tue, 07 May 2019 17:25:36 +0000

After owning two stick built homes,I retired and bought a double wide mobile home in a nice park and paid cash for it. My lot rent is only $380 per month and I’m saving thousands in upkeep! Manufactured homes are the way to go for young families and retire’s alike. The park I live in is very desirable and I could sell my home within a week for more than I paid for it,

GO FOR IT !!!

By: Tyler Johnson

Tyler Johnson — Tue, 30 Apr 2019 18:54:54 +0000

That’s interesting that mobile homes also appreciate in value. I would want to make sure that I could have an investment in my money so that when I eventually sell it I could make some money and eventually work my way up to a normal house.