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If You Don't Know the Benefits of Manufactured Home
Living, Maybe You Should
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Articles > If Yon
Don't Know the Benefits of Manufactured Home Living, Maybe You Should
By
Credit About
On the Forum not long ago, there was a small amount of trailer
park bashing for folks who elected to live in a trailer park even
though they were buying a modular or manufactured home. So I decided
to look into it and found some very interesting points. Most importantly,
it could be a very wise move for a lot of folks. But there are some
areas of warning, also. Here are some whys, some cautions, and some
general information on the subject of manufactured home living especially
in a park.
Financing has some interesting twists when working with modular
and manufactured homes. The good side is that most folks cannot
distinguish between the inside of a modular and a home with a traditional
foundation. Yet the costs of home ownership can be more than 50%
less with a manufactured home.
The bad side is that unless it becomes part of the land it is
on, financing will be a little higher.
With Interest rates looking pretty good these days, folks cannot
understand why financing a mobile home is currently ranging from
10.75% to 13.75%. That's because even though you pay property tax
as with any home, buying a mobile home without assigning a fixed
and permanent location which you own, is closer to buying a car
than real estate. I question the fairness of this issue when dealing
with modular and manufactured homes, but that is the current law.
"Well you can't get past the trailer trash." Of course
if you mean paper trash and leaves, most neighborhoods sometimes
have a problem. Of course, if you mean anything else, you are way
off base. I have personally visited many trailer parks and have
found all sorts of environments from poor to affluent. Well, guess
what? It's the same in traditional communities as in trailer parks...
poor to affluent.
But I would add a word of caution here. A park will live or die,
will be clean or dirty, will be drug free or infested based on one
fact only-- the manager. So when considering housing in a trailer
park check out the manager even more than you check out the park.
Call the police department and find out what they think of the park.
Ask some of the residents what they think of the manager. You are
the one considering living there. Find out before moving.
And... did you know that most states have an Office of the Mobile
home Omnibus man. In California, as the foregoing link shows, this
office is a complaint processing office that primarily assists the
public with questions or problems associated with the various aspects
of manufactured home (mobile home) living. It also inspects mobile
home parks and handles mobile home residency law complaints.
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