Mobile houses are usually seen as a bad investment from financial view point as they depreciate very easily. However this is not fully true. Those mobile houses which are placed in park generally go down in value but this is not the case with mobile houses on private land. Mobile houses on private land will have higher value and it will keep on increasing if the land is in good area and is in demand. In fact in some of the areas, there is high demand of mobile houses specifically for those which are placed around lakes. Mobile houses are great for people searching for vacation residence or retired people Hence these are also sometimes referred as retirement homes or vacation homes. Metropolitan cities becoming so full with more job opportunities, some good [place for residence is lacking and this has increased the need and value of mobile houses in outskirts and highways. If you see for double wide mobile houses, their prices either remain constant or even appreciate in some instances. These mobile houses are very much common in retirement areas where there is continuous increase in price.
Mobile houses are basically very cheap to buy and it can be bought very upfront. If you go for buying 1100 square feet of single wide mobile house, it will avail you with the space of a small two bedroom home or even more than that. If you go for a double wide mobile house then it will avail you with the space of 1700 square feet making it a big house for a commoner.
If you are opting for mobile houses, then you also have many ways for handling your mortgage. The most low cost option available with you is to transfer your new home to the mobile home park. Here you will have to pay rent but it will still be low cost alternative. Another option is to buy cheap property where the rules allow you to have mobile houses. By opting for this option, you can keep the mortgage amount to be small and also build up the equity very fast and also pay off the loan more easily and quickly. Another option is to utilize your saving and buy a mobile house along with an expensive land. This can be one of the alternatives for less expensive house with fantastic investment strategy. If you are residing in an area where you are aware of the fact that the value of the property is expected to be increasing then you can go for buying land at such space and park your mobile home there. Insurance and property tax will also be low as compared to that with onsite homes.
Maintenance of mobile home is also very less as compared to that with traditional homes. Fixing roof of traditional home is quite expensive than a mobile homes roof. Even installing a new roof of mobile home is very much less expensive as compared with traditional homes.
Source : 1bloc