What is Manufactured Home and How Much Does a Mobile Home Cost

What is a Manufactured Home?

Manufactured homes are homes that are not built on a permanent foundation and therefore can be modified easily. They are built in a factory setting controlled and modified according to the HUD code. Manufactured homes are of high quality and a little cheaper to build and maintained as compared to traditional homes. They are built off-site and are assembled on-site as a rectangular chassis.

How much is a Mobile Home?

The cost of a mobile home starts from as little as $40,000 for a single wide trailer to as much as $250,000 for a triple wide trailer. However, different manufacturers have different prices depending on the size and structure with California and Colorado having the most expensive mobile homes.

What is a Mobile Home?

A mobile home is a building in which people live permanently but can be transported to other places. It can also be defined as a prefabricated structure that is constructed in a factory and transported to a permanent location.

How much does a Mobile Home Cost?

There are three types of mobile homes which include single-wide trailers, double-wide trailers and triple wide trailers. A single-wide trailer has 600 to 1300 square feet its dimensions are 90 x 18 feet or less. The cost of this single-wide home if it is new is $40,000 - $51,000 while if it is used it cost about $10,000. Double-wide trailer has 1,000 - 2,300 square feet and its dimensions are 56 x 26 feet. The cost of this double-wide trailer starts from $75,000 to $96,000 while the triple-wide trailer is 3,000 feet and costs $100,000 to $250,000.

How much are Manufactured Homes?

Manufactured homes are much cheaper depending on the season. During winter the cost for a single wide is $43,500 - $59,000 while double-wide cost from $110,400 to $114,400. Manufactured homes with more than two sections cost $92,900 - $103,100. During summer the cost of manufactured homes is $57,600 - $62,000 for single-wide while for double wide is $110,300 to $122,900 and for manufactured homes with more than two-section cost $97,200 to $102,800.

How much does a Manufactured Home Cost

Size affects the cost of manufactured homes. According to United States Bureau Statistics, a 1446 square feet manufactured home cost about $71,000, 1,000 square feet cost about $47,000, while large wide property of 1700 feet cost about $90,000. Other factors that affect the costs are insurance, taxes, delivery, cost of land, and any other utility expenses.

How to Buy a Mobile Home?

You can get money from a credit loan or personal loan to buy a mobile home because a mobile home is considered as personal property and not suitable for a mortgage unless you build it in a permanent foundation and ensures that it meets the requirements from the U.S. Department of Housing and Urban Development Requirement.

How long do Mobile Homes Last

Mobile homes have a life expectancy of between 30 to 55 years according to the U.S. Department of Housing and Urban Development. The lifespan also depends on how the mobile home has been maintained.

Are Mobile Homes Safe?

Yes, Mobile homes are safe for you and your family and are not prone to fire. You can also take more precautions to ensure the safety of your mobile home.

Can You Rent a Mobile Home?

Yes, you can rent a mobile home just like a regular house and ensure that you have a written lease agreement. The tenant who rents the mobile house has some rights and privileges and is governed by the written lease agreement.

What is a Mobile Manufactured Home?

A Mobile Manufactured Home is a home that is made in the factory and transported to the site where it is permanently built and is regulated by HUD.

Who Buys Mobile Homes?

It is estimated that about 22 million Americans live in mobile homes. Investors are the people who mostly buy mobile homes considering the high return on investment. Other people who want to save on cost and want a decent home buys mobile homes.

What to do with an Old Mobile Home?

If you have an old mobile home you can sell it to other people who may be willing to buy, donate it to a charitable organization for use by the less fortunate, demolish it if it is in bad condition or you can deconstruct it with a new design and style and make it your new home.