Mobile homes are caravans which can be moved from one place to another easily and then parked to be used as a permanent living arrangement. Mobile homes are prefabricated structures manufactured in a factory before being transported to the site. The mobility of these homes and the fact that they can be just towed from one place to another, hooking it to the back of your trailer makes it a very cheap and interesting option to buy.
However here are a few things you should know before you go ahead and buy one.
Buying a prefabricated home means that you will have to adjust yourself to the design specifications and build quality which might not just give you enough room for major upgrades or improvements for that matter. Mobile homes can only be upgraded to a certain point and then you will be stuck with it for the foreseeable future, thus ensure the model and opt for necessary upgrades before it goes on the factory floor to be put together. Customizable options are available even with prefabricated ones to ensure that living conditions suit you.
A simple logic applies when it comes to manufactured and prefabricated homes or double wide homes, you will only get what you pay for. So, decide your maximum budget beforehand to ensure that you don’t end up with a lousy piece of fabrication which cramps you and all the essentials that go with a place. Your expectations must be in line with the price you are willing to pay. If you want better flooring, quality carpet and furnishing, be ready to shell out the big bucks.
Once you have managed to narrow down the specifications of your mobile home, it is time to compare the same across a number of dealers and manufactures. The markups on these homes will vary from dealer to dealer and it is always a good idea to look up prices. You can also avail a number of financing options in case you don’t want to or don’t have the complete capital to spend all at once. Dealers themselves offer financing options with the sale and will get a credit for providing you with the finance at rates which might a be a bit higher than general mortgage loans.
As always, do a thorough research on the do’s and don’ts before making a long-term commitment. Don’t rush into the scheme of things as is, succumbing to high pressure sales tactics and attractive offers. Buying a home, even a mobile home for that matter is a long-term commitment. Ensure that you go through all the contracts and documents carefully before making a decision and signing those documents.