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In the state of Florida, a 2bedroom/2bathroom, but I want to exactly comes with buying a mobile home.

Is the rent included with the electricity and water? or separate?
Are there additional costs besides rent, electricity and water?
Does the value of the home go up or down?
Is it easy to finance?
Other info?

I really want to know and understand the pros’s and con’s on buying a mobile home and if its a better choice then a traditional one.

Please tell me your experiences, Thank You!

3 Thoughts on I am considering buying a manufactured home in the next 1-2 years?
  1. Reply
    ♥♥The Queen Has Spoken♥♥
    July 13, 2011 at 1:29 am

    Unfortunately the value of mobile home or manufactured homes do not hold up. They will not increase in value.

    Lot rent and utilities depends on where you have it located. Some places might include them other places they may be separate and you have to pay for both.

    Or you could purchase a land. Have a septic set or a sewer line installed as well as a water well or water line and electricity brought it. In which case you will also have to contend with yearly property taxes.

    Depending on the state laws, you might have to buy a yearly tag for it. Or you might have to pay taxes on it, like you would a home.

  2. Reply
    July 13, 2011 at 2:02 am

    Manufactured homes do increase in value if properly maintained just like a stick built.
    If you are buying a home there is NO rent unless you are renting the lot.
    No utilities are included
    Yes you apply for a mortgage just like anyone buying a home
    You are talking about a manufactured home and not a Mobile Home correct.

  3. Reply
    margie k
    July 13, 2011 at 2:17 am

    Mobile homes are not built to withstand hurricanes and tornadoes that we have here in Florida. They also burn like old tinder if they catch fire. That being said, I would not invest a huge amount of money for one. They don’t go up in value for the most part, although in the nicer mobile home parks, they hold their value. Some mobile home parks charge lot rent and include some amenities such as lawn care and cable tv etc. but not other utilities. Some parks have you own the land, but still charge a maintenance fee for common areas. It is something you have to research. Many parks are age restricted, and they are usually the nicer ones – hate to say that, but the old people take better care of their properties. There are companies that specialize in mortgages and insurance just for mobile homes, you will need to research that as well. For my money, I wouldn’t have one. Just too many detrimental points to them. I lived in one for two years and had trouble with everything from obtaining insurance to getting a decent roof to trouble with the wiring etc. etc. etc. In Florida your best choice is a block or concrete house, no termites, sturdy enough to withstand the weather, etc.

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