Homebuyers are looking for ways to get their dream home without spending a lot. This is understandable with the rising cost in the current housing market. Many first-time homeowners are searching for cheaper options. These include tiny homes, RVs, and mobile homes or manufactured homes.

In fact, research states around 17 million Americans live in mobile homes. Moreover, in Florida alone, more than 800,000 people live in mobile homes.

What Are Mobile Homes and Should You Get One?

It is a known fact among homebuyers that buying a traditional home can be daunting. Mobile homes are now considered as their alternative choice. They also made up the largest source of unsubsidized affordable housing in the US.

So, what are mobile homes? These are homes built in a factory. They are often placed on a trailer chassis to enable them to move. Mobile homes are oftentimes placed in a mobile home park or on leased land. In such cases, the owner of the land rents a space. Some lease the land. There are even others that own the mobile home itself.

Learn the Pros and Cons of Mobile Home Living

While there are several advantages to buying a mobile home, there are also drawbacks. That’s why before you make a leap, make sure to weigh the pros and cons of mobile home living. This way your decision is consistent with your financial and housing goals.

Mobile Home Living Pros

A well-known reason why first-time homebuyers opt for mobile homes is their low cost. Mobile homes for sale usually cost less per square foot than stick-built homes. This way, you can get more space for your money. Being affordable makes homeownership easier to achieve.

But being cost-efficient is not the only thing that makes mobile homes a good option. Here are some other advantages of mobile home living:

Homeownership Without Land Maintenance

Yes, living in a mobile home provides you with a chance to own your own home. With mobile homes, you can avoid land maintenance and property taxes as well. You only need to pay lot rental fees to park your mobile home. These include water, sewer, garbage, and recycling pickup.

Having Family-Oriented Neighborhoods

You will find that most mobile home parks conduct background checks. They also have up-to-date safety protocols. These measures ensure that you, as a resident, will feel protected. These will also help you feel comfortable developing relationships with your neighbors.

Lower Taxes on Mobile Homes

Did you know that a mobile home is actually considered personal property? Yes, it is not real property like a house. That’s because you can move a mobile home. In contrast, you cannot move a traditional home.

This means property taxes are much lower on mobile homes. Thus, giving you huge savings.

Mobile Homes are Perfect Transition Home

Are you planning on buying your own property and want to build a house on the land? Wondering where you’re going to live during the construction. You might be thinking of having to pay rent for a place to stay. You don’t have to though.

Another option for you is to place a mobile home on the property and live there. This will help you save the rent money. Plus, it can protect your new construction. After all, these sites tend to have theft and other crimes occurring there.

Mobile Homes are Trendy

For homeowners who want to be trendy, mobile homes are perfect for you. Tiny homes are popular with the current generation. This makes mobile homes quite well-known too. Furthermore, mobile homes come in different styles and sizes. You can choose to buy an eco-lux camping trailer. Or if you want an actual tiny home, you can find one that looks like a smaller version of the real deal.

Mobile Home Living Cons

As much as there are advantages to buying mobile homes, there are also cons. One of which is that its value tends to depreciate fast. It is like a new car. Once a mobile home leaves the factory, it will immediately drop in value.

As stated before, mobile homes are personal property and not real property. This is one of the reasons why mobile homes depreciate in value.

Another downside is the fact that despite owning an actual home, you still have a landlord. This is true for mobile homeowners whose home is in a mobile home park. This means you will have to pay rent and follow compliance with park rules. Moreover, the landlord might even at some point decide to evict you.

Find the Perfect Home For You

Buying mobile homes is stress-free and a breeze with Mobile Home Listing Service. We’re a listing service you can trust to find your dream home fast in Florida. You can view several manufactured homes and mobile homes in leased land communities. You can even find your perfect mobile home rental with us. Give us a ring at (+1) 877-221-4040. You can also drop us a line at [email protected].