Purchasing a manufactured home is obviously a huge investment. Standard steps include checking your credit and then choosing your home and its unique details. But there is much more that goes into purchasing a manufactured home than these standard steps. It is important to know the regulations of the region where you will be placing your home. It needs to meet local, county, regional, state, and HUD building codes. It is also important to make sure that your investment will appreciate in value over time. A good rule of thumb is that mobile homes placed on rental properties tend to lose value, while mobile homes placed on a permanent foundations are less likely to depreciate in value.
More than anything, it is important to weigh out the value of manufactured homes versus other housing options like apartments, condos, and permanent homes. To be further informed on manufactured homes, we turned to our panel of housing experts.
Below are the comments we found most informational and beneficial. Check back later in the week to see what other tips we have for purchasing a manufactured home!