Preferred Real Estate

The great thing about buying a used manufactured home is that, unlike a traditional home, it can be moved wherever you need it.

The places to look for a used manufactured home are everywhere. You can start with the classified ads, both ads in your local newspaper and online at sites such as Craigslist.

While you’re looking online, eBay is another great place to check for used manufactured homes, in addition to other specialized mobile home sites. Mobile home companies often also sell used manufactured homes and new homes, so browse your area’s yellow pages.

Looking for your used manufactured home is only one aspect of the process. You need to be certain that you’re buying a quality used manufactured home.

Determine the value of the mobile home of your choice. The value of a manufactured home goes down swiftly, therefore, the asking price may not be the value of the home.

You can find the standard value of a particular brand, style and year of manufactured home by checking the Blue Book at your local public library. (You may have to ask a librarian help you obtain this information from another library.) You can also ask your local bank or manufactured home dealership for this information.

Today, more than ever, people are buying manufactured and mobile homes. You will save money by buying a premade home, since significant time is saved on construction. Even if they’re not going to be moving their mobile home, the previous reasons are why more and more people are buying them.

However, when it comes to taking out a loan or mortgage against a mobile or manufactured home, you will hear people say that it would be impossible as mobile homes depreciate in value over time. So, the question is: Is it really a good idea to invest in a mobile home?

The answer all depends on how you plan to situate the home. Mobile homes do depreciate over time, and sometimes this can come to a point where it will be impossible to take out a loan, mortgage or home equity loan. However, it’s possible for some mobile or manufactured homes to actually appreciate in value.

These homes are almost always on fixed foundations. Manufactured homes not on fixed foundations are the ones that will depreciate. So you simply can situate your home on a fixed foundation to help appreciate its value.