Wondering how to buy a mobile home? We bring you all the secrets of the ins and outs of purchasing your first mobile home.
Roughly 20 million people across the United States live in mobile homes. They provide a more affordable option for those who can’t or don’t want to own a traditional home.
If you’re ready to put apartment living to rest, a mobile home can be a great option. Plus, learning how to buy a mobile home is easier than ever!
Do you want to know more? Keep reading to discover the secrets of buying your first mobile home.
There Are Different Types
Just like traditional homes come in all different shapes and sizes, so do mobile homes. Although you don’t have quite as many different options to choose from, there are two main different types of mobile homes: single-wide and double-wide.
Single-wide homes are narrower, and the rooms are typically connected. As the name suggests, double-wide homes are, well, double the width of a single-wide home. This makes the home appear bigger and more similar to a traditional single-family home.
There are Special Loans Available
Although mobile homes are much cheaper than traditional homes, you’ll still likely need to attain financing. But finding a loan for a mobile home isn’t always easy.
You can find government-backed loans, but they often require that your home isn’t set up somewhere first and later moved to your lot of choice. Many private lenders don’t offer loans for single-wide homes and have special rules surrounding loans given to double-wide homes.
For this reason, many mobile home-owners choose to go with a lender specializing in manufactured home loans.
You Need to Split Your Budget
If you’re buying a new mobile home, you may think that you can pour your entire budget into your home. After all, you won’t have to make any renovations once you purchase it.
However, one unique aspect of buying a mobile home is that you’ll also need to purchase or rent the land you want to put it on. Both methods have their merits, so be sure to decide which you want to do and adjust your budget accordingly.
You Can Still Have Luxury Features
Do you think that buying a mobile home means you’ll have to sacrifice luxury features often found in traditional homes? Well, the good news is that this isn’t always true.
Depending on your budget and the size of your mobile home, you can still enjoy some of your favorite features, like a large tub or a patio with sliding glass doors. Homes of all sizes can be equipped with new appliances, hardwood flooring, energy-efficient windows, and various other features to help you create the home of your dreams.
How to Buy a Mobile Home
Learning how to buy a mobile home can be a difficult process. In many ways, it’s different than purchasing a traditional home. But, just follow these tips to get the basics down, and you’ll soon be on your way to being a proud mobile home-owner!
Are you ready to move in and start decorating? Check out these tips to help make a small space seem big.