Pointers when looking at a mobile home with property?
Manufactured Homes October 20th, 2009My hubby and I are going to look at homes tomorrow! We are looking with a realtor to buy our first home, new(er) mobile homes and property (not that we don’t want a block home, it’s that is what is in our area). Any pointers? Any suggestions on things to look at or ask about?
October 20th, 2009 at 6:53 am
A huge pointer is to know know if you are buying or leasing the actual real estate that the home is on.
What are the average utilities? I’m from Wisconsin and mobile homes can heat different then other homes.
What are the interest rate costs and fees? These can vary widely from area to area and type and age of home.
What is the insurance cost?
How long has home been on the market?
What are market conditions?
Are there restrictive covenants?
Are there association fees?
Are appliances or furniture included?
I’ve been there and done that before… Good Luck
October 20th, 2009 at 6:53 am
Mobile homes depreciate over time. They do not appreciate. So they are not investments and will not grow in price.