Tag: never buy a mobile home

The Risks and Rewards of Buying a Mobile Home
Buying a mobile home presents unique risks and rewards that differ from traditional home ownership. These compact, transportable dwellings offer affordability and flexibility, catering to various lifestyles. One of the primary rewards is the cost advantage, as mobile homes generally come at a lower price point than traditional houses. They also provide the freedom to relocate, making them an appealing choice for those prioritizing mobility. However, these benefits are accompanied by potential risks.

Mobile homes often depreciate in value over time, unlike traditional homes, which can appreciate. Additionally, the quality of construction and materials can vary significantly, affecting long-term durability. Legal and financial considerations, such as leasing land in a mobile home park, can also impact the overall investment.

Thus, anyone considering purchasing a mobile home must conduct a comprehensive evaluation of these risks and rewards.

Mobile home in Nokomis Florida

Pros of Buying a Mobile Home

1. Affordability

One of the primary advantages of buying a mobile home is its affordability. Mobile homes typically have a lower upfront cost than traditional houses, making them an accessible option for individuals with limited budgets. The reduced price point also translates into lower property taxes and insurance premiums.

Moreover, mobile homes are often energy-efficient, potentially saving utility bills over time. This affordability factor can allow buyers to enter the housing market sooner and allocate resources to other essential aspects of their lives, making mobile homes an attractive choice for those seeking cost-effective housing solutions.

2. Low Maintenance Cost

Another significant benefit of purchasing a mobile home is the relatively low maintenance costs. These homes are typically designed with simplified systems and materials, making repairs and upkeep more affordable than traditional houses. The smaller living space also requires less time and effort to clean and maintain.

Many mobile home communities also offer maintenance services as part of their amenities, further reducing the burden on homeowners. This translates to potential savings in both time and money, allowing residents to enjoy a comfortable living environment with fewer worries about costly maintenance tasks.

3. Environmentally Friendly

Opting for a mobile home can be environmentally friendly due to its smaller size and efficient design. These homes generally have a smaller carbon footprint than larger traditional houses, requiring less energy for heating, cooling, and lighting. Moreover, many mobile home manufacturers prioritize using sustainable materials and energy-efficient appliances, contributing to reduced resource consumption.

Mobile homes can sometimes be powered by renewable energy sources like solar panels, further decreasing their environmental impact. Choosing a mobile home aligns with a more sustainable lifestyle, making it an appealing option for individuals seeking eco-friendly housing solutions.

4. Mobility

The mobility factor is a significant advantage of buying a mobile home. These homes are built on a chassis and can be easily transported to different locations, granting homeowners the flexibility to change their surroundings without the need to sell or purchase a new property. This aspect particularly appeals to individuals who value variety and wish to explore different living environments.

Whether for work, travel, or personal preferences, mobile homeowners can relocate while enjoying the comfort of their own space. This mobility provides a unique lifestyle opportunity that traditional homeownership cannot match, catering to those seeking a dynamic living experience.

5. Flexibility

A notable advantage of purchasing a mobile home is its flexibility. These dwellings offer adaptability in terms of both location and living arrangements. Mobile homeowners can choose their preferred community or setting, whether it’s a rural area, a bustling city, or a serene waterfront.

Additionally, mobile homes can be customized and expanded to meet changing needs, accommodating growing families or evolving lifestyles. This adaptability allows residents to personalize their living space according to their preferences. The combination of location and interior customization makes mobile homes an excellent option for those seeking a home that aligns with their unique vision and lifestyle.

Mobile Home in Sebring Florida

6. Quick Construction and Assembly

Rapid construction and assembly are key advantages of purchasing a mobile home. These homes are manufactured in controlled environments, ensuring consistent quality and reducing construction time.

Unlike traditional homes, which can take several months or even years to build, mobile homes can be produced and assembled in weeks. This quick turnaround time allows buyers to move into their new homes sooner, minimizing the wait and the associated costs. Additionally, the efficient assembly process can lead to cost savings, making mobile homes an attractive option for those needing a housing solution in a relatively short time.

7. Access to High-End Locations

Investing in a mobile home offers the unique advantage of accessing high-end locations without the hefty price tag. Mobile home communities often provide a cost-effective way to live in desirable areas such as beachfront, scenic landscapes, or upscale neighborhoods. This allows homeowners to enjoy the amenities and lifestyle of prestigious locations at a fraction of the cost of traditional real estate.

The affordability of mobile homes enables individuals to live in places they might otherwise find financially challenging, enhancing their overall quality of life. This access to sought-after locations is a compelling reason for many to consider mobile home ownership.

8. Lower Taxes

Mobile home ownership can lead to lower taxes, presenting a significant advantage for buyers. Property taxes are typically calculated based on the property’s value, and mobile homes often have a lower assessed value than traditional houses. This can result in reduced property tax liabilities for mobile homeowners.

Additionally, some regions offer tax incentives or exemptions for mobile homes, further lowering the overall tax burden. These tax advantages can free up financial resources for other expenses, making mobile homes an attractive option for individuals looking to minimize their tax obligations while still enjoying the benefits of homeownership.

Cons of Buying a Mobile Home

1. Depreciation

One notable disadvantage of buying a mobile home is its potential for depreciation in value over time. Unlike traditional houses that can appreciate in value with proper upkeep and market conditions, mobile homes often lose value as they age. This depreciation can limit the potential for long-term financial gain and investment.

Furthermore, a mobile home’s overall resale value might be lower than traditional homes, which could impact the return on investment for homeowners. The depreciation factor underscores the importance of careful consideration when purchasing a mobile home and evaluating the long-term financial implications.

2. Harder to Resell

Reselling a mobile home can be challenging and a drawback of ownership. Mobile homes typically have fewer potential buyers due to the perception of lower quality and the association with mobile home parks. The limited appreciation in value and potential for depreciation also makes finding a buyer willing to pay a desirable price more difficult.

Additionally, the requirement to move the home can add complexity to the resale process. These factors collectively contribute to a slower and potentially less profitable resale process, making it important for prospective buyers to carefully assess their long-term plans before committing to mobile home ownership.

3. Damage

Mobile homes can be susceptible to damage from environmental factors and wear and tear, which is a notable disadvantage. Their lightweight construction and materials might not withstand severe weather conditions like storms, floods, or heavy winds as well as traditional houses. Repairs and replacements for specialized mobile home parts can also be costly and time-consuming.

Sarasota FL, Mobile Home

Additionally, the potential for poor workmanship during manufacturing or assembly could lead to structural problems over time. Homeowners must be vigilant in maintenance and inspections to prevent or address issues promptly. The vulnerability to damage underscores the need for careful consideration and regular upkeep when investing in a mobile home.

4. Financing

Securing financing for a mobile home can be more challenging than traditional houses, posing a significant drawback. Some lenders view mobile homes as riskier due to depreciation and lower resale value, leading to stricter lending terms and potentially higher interest rates.

Additionally, obtaining a mortgage for a mobile home on leased land, such as in a mobile home park, can be more complex. Limited availability of loans and higher borrowing costs can hinder potential buyers’ ability to afford or qualify for mobile home ownership, making the financing process a potential obstacle for those considering this option.

5. Limited Design

Mobile homes often come with limited design and customization options, which can be a downside. While some manufacturers offer variations in floor plans and finishes, the overall design flexibility is constrained compared to building or renovating a traditional home. This lack of customization might lead to a feeling of sameness among mobile homes and limit the ability to create a truly personalized living space.

Additionally, certain features commonly found in traditional homes, such as large kitchens or spacious bathrooms, may be compromised due to mobile homes’ smaller size and design limitations, impacting overall comfort and functionality.

6. Park Policy

Park owners often have control over aspects like rent increases, maintenance standards, and rules governing the community. Changes in park policies can affect homeowners’ living conditions and financial stability. Moreover, disputes with management over fees or regulations can arise, potentially leading to strained relationships and legal challenges.

The lack of complete control over the environment and potential conflicts with park policies underscore the need for thorough research and consideration before investing in a mobile home located within a community.

The Bottom Line

Buying a mobile home offers a range of advantages and disadvantages that should be carefully weighed before deciding. On the positive side, mobile homes are often more affordable than traditional houses, making homeownership accessible to a wider range of budgets. Their compact size leads to lower maintenance costs and reduced energy consumption, contributing to potential long-term savings. Additionally, the flexibility to choose locations, quicker construction, and access to high-end areas are alluring aspects of mobile home ownership.

However, the potential for depreciation and difficulty in reselling can impact long-term financial gains. Limited design customization, vulnerability to damage, and challenges in obtaining financing are also important cons. Furthermore, the influence of park policies and management decisions in mobile home communities can affect homeowners’ quality of life and autonomy.

Before purchasing a mobile home, individuals should conduct thorough research, assess their lifestyle and long-term goals, and carefully consider the pros and cons to make an informed choice that aligns with their needs and preferences.

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April 12, 2024
Why Do People Buy Mobile Homes: 8 Shocking Reasons!
Are you here because you are looking for positive and convincing reasons why people buy mobile homes? You are in the right place, so continue reading! Featured Medium author Jason Michaels said he used to own eight homes and not making any money until he invested in a mobile home. In this article, we are going to discover why people buy mobile homes.

If you are looking to buy a mobile home and are still not 100% certain about your decision, this article will help you make the right choice.

“My wife and I have owned eight homes, but none were as financially beneficial as the mobile home I bought years before we were married. I paid $19,500 and sold it a dozen years later for $45,000. I also collected more than $50,000 renting out rooms in my mobile while I lived in it.”, recounted Mr. Michaels.

Mobile Home for Sale in Sebring

Living in a mobile home may sound strange to some people who haven’t experienced doing it, but for many who are enjoying their lives to the fullest, there are many reasons to be proud of being a mobile home owner. Although affordability and efficiency are some of the major reasons why people buy mobile homes, there are other good reasons many people fail to see.

You may never have thought of buying a mobile home before but as we enter another year, mobile homes could be a profitable investment. Real estate investors were jumping into buying single-family homes last year in 2022, but this year in 2023, you can get a step ahead of them with the lower-cost mobile home units in high demand.

Mobile home parks and manufactured homes are not new and are not a thing of the past. Yes, there are some negative stereotypes mostly from people who lack knowledge about these homes, but the fact that 6.4% of the US population lives in mobile homes, these homes are surely worth the attention.

Negative Stereotypes About Mobile Homes

There are a few negative stereotypes about mobile homes but there are also a number of great reasons why people are buying them instead of single-family site-built homes.

One of the myths about mobile homes is that they are built for poor people and use substandard construction materials.

“Not everyone who lives in a trailer park is poor,” says Charles Becker, a professor of economics at Duke University, and one of a handful of academics nationwide who has extensively studied the subject.

“And there are parts of the country, like Michigan, where living in a mobile home community doesn’t have the stigma it does in the south. You also have retirement communities in Florida where people aren’t poor at all,” he added.

According to the US Census. The number of occupants is not recorded but it’s estimated to total about 20 million people using mobile homes as their housing.

According to the Manufactured Housing Institute, about 57% of the heads of mobile home households are in full employment and another 23% are retired.

Other negative stereotypes include shoddy, irrelevant to urban housing needs, parks are exploitative, and other ridiculous claims. Let’s leave these things to experts, as we are here not to debunk these false claims but to explain why people keep buying mobile homes despite these claims.

Why Do People Buy Mobile Homes

Living in a mobile home has advantages and disadvantages but because of the rising cost of traditional real estate, mobile homes are becoming popular not just because of price but because of other reasons you may not hear of before.
1. Affordability – Mobile homes are more affordable than traditional site-built homes.
Since 23% of mobile homeowners are retired, let’s take a look at their income.

According to the Social Security Administration, the maximum Social Security benefit you can receive each month in 2021 is $3,148 ($37,776/annum) for those at full retirement age. The average Social Security income per month in 2021 is $1,543 ($18,516/annum) ( after being adjusted for the cost of living at 1.3 percent.

According to some experts, the country’s average mobile home lot rent is $380 per month. However, the lot rent rate can vary depending on several factors and could start from as low as $100 and go as high as $2,000. Larger organizations usually present standardized lot rents compared to small parks.

Looking at the above data, even a senior who is receiving the lowest monthly social security pension of $1,543 can still afford to pay the highest lot rent of $900.

This is not the case, however, when renting a traditional site-built home or apartment.

The average American renter pays $1,326 a month in 2021. For those looking to move, prices are even higher in 2022. The average asking rent is now $1,900, with single-family houses averaging $2,018 a month, while a typical apartment costs $1,659.

So how about the other 57% of full-time employees who prefer to live in mobile homes? Can they afford to rent traditional real estate homes and apartments?

While the average American income depends heavily on the industry, field, and experience, according to Zippia, the median income in the U.S. as of 2022 is $44,225.

Although a full-time American employee can afford to pay the average rent, the disparity between renting traditional stick-built real estate and buying a mobile home and renting a lot is too big to ignore.

For Michael Breeden, 27, picking a mobile home rather than a fixed home a year ago was all about freedom. “I know I could have got a foreclosed house if I wanted to but we can move this to where we want.”

It’s been a largely happy 12 months in the 80ft home for his 23-year-old girlfriend Samantha, their 17-month-old baby Kelli Lynn, and Breeden’s mother, Mary McGee.

Breeden, who works at a printing plant nearby, pays the park owner $325 a month for lot rental, rubbish collection, and water supply. There’s also $150 to pay monthly for electricity, $60 for property tax, and $220 to Samantha’s parents who lent them the $16,000 to buy the home.

Since most mobile homes are set up on leased land and are considered motor vehicles, the lack of property taxes is another big thing that contributes to their affordability. Because most manufactured homes are paid in cash, owners enjoy living without paying a mortgage.
1. Mobile – Mobile homes can be moved and transported to any mobile home park you want
Mobile homes are called mobile homes for a reason. The name speaks for itself. Although mobile homes are not usually transported to another location once they are set up, they are easier to move than a site-built home when needed.

So, for example, if the mobile home owner can’t afford to pay the lot rent anymore but has no plan to sell their mobile home, they have the option to relocate to another mobile home park where the lot rent is lower.

There are other reasons why a mobile home is relocated and not just the increasing lot rent. Some owners want to have a new and different environment while living in the same house where they create memories.

Moving closer to a family is another reason especially when the owner is getting older and needs close family care, something that is hard to do if you own a traditional stick-built home.
1. Great Choice for First-Time Homeowners – Mobile homes are perfect for couples who are just starting to build their own families.
Many new couples struggle not only with their finances but also with their choice of living and mobile homes can solve this problem. Mobile homes come with many benefits such as easy customization. If you are a new home buyer and want to save every dollar while living in comfort, a mobile home is a perfect choice instead of renting a stick-built apartment.

There are stories of couples who started living in mobile homes but years later, they still do while saving a lot of money on mortgage and property taxes. After all, life savings is more important for them than buying a new single-family home.
1. Mobile Homes are High-Quality – Mobile homes are built and installed according to strict standards.
Contrary to what some people believe that mobile homes are shoddy, they are built according to strict Federal and State housing standards and regulations, just as stick-built homes. Today’s manufactured homes are also designed aesthetically pleasing and can compete with modern real estate designs. Someone who is not knowledgeable about mobile homes may often mistake mobile homes for site-built homes.

Mobile home buyers can choose among different floor plan designs from single rooms to luxurious spaces. And even though a mobile home is built with a basic floor plan, customization is easier than stick-built houses.
1. Buying a Mobile Home is Better than Renting – You may be paying a monthly lot rent but you are not losing home ownership!
Assuming you don’t have $15,000 cash to buy a mobile home, you can always apply for financing. Remember Dave Ramsay the finance personality? He mentioned in one of his podcasts that his mortgage was $257 per month. Add his mobile home tax, insurance, maintenance, and lot rent, he was paying less than $900 a month while owning a house. Compare that to someone who rents an apartment with the same amount. Both spend the same amount but Ramsay owns a house.

“Before, when you were paying out X number of dollars in rent, that’s all you were losing. Now you’re paying out X number of dollars in rent and you’re losing money every day on the ownership of the thing, so you’ve done double dumb now.” He said.
1. Mobile Homes Can Be Financed – You can get financing for a mobile home!
Contrary to what some people believe that mobile homes can’t get financing, HUD programs banks will loan up to $69,678 on a mobile home on a rented lot, and up to $92,904 on a mobile home attached to a lot. According to the Consumer Financial Protection Bureau, “More than 2,000 institutions reported originating one or more manufactured housing purchase loans in 2012” (more recent statistics are unavailable).

Although mobile home financing options are limited compared to traditional real estate homes, still, there are several ways to finance your mobile home. Visit our blog article “Are You Able To Get Financing When Buying A Sarasota Mobile Home?” to learn more.
1. Most Mobile Homes Have Nice Neighborhoods – Mobile home parks are peaceful!
Although many mobile home parks are designed for 55+ people, especially in Florida, thousands of mobile home parks for all ages cater to young people. Most mobile home parks are strictly managed by park owners and managers, especially those mobile homes on leased land.

One of the reasons why many mobile home parks have better and more peaceful neighborhoods than traditional real estate neighborhoods is that it is easier to oust mobile homeowners who do not follow the park policy.
1. Mobile Homes are Energy Efficient and Environmental Friendly
The younger generation is more environmentally conscious than the older generation, so a mobile home is a great option if you are a Millennial looking to purchase your first home.

Modern mobile homes are built with eco-friendly materials that reduce waste to save money. Many modern manufactured homes are also equipped with solar panels and smart technology, reducing carbon footprints and using centralized electricity.

Conclusion

“There is no perfect home,” and this saying applies to both mobile homes and traditional stick-built homes. Although mobile homes have their own disadvantages, their strengths outweigh their weaknesses, especially on the financial side.

The above reasons are just some of the things that prompt people to buy mobile homes. There are other reasons based on individual needs and preferences. If you plan to buy a mobile home, it is important to know your needs and financial considerations.

We at The Mobile Home Dealer are always open to hearing your questions and helping you with all your mobile home needs. Feel free to contact us!

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March 26, 2024
3 Common Lies Told About Mobile Homes!
Hey guys, what’s going on?!

This is Mark with The Mobile Home Dealer and I want to thank you so much for taking a few minutes out of your busy day to learn about the three biggest lies we continue to be told about mobile homes on leased land.

Before we go any further, please feel free to take a look at all of our videos on our channel as we strive to provide you with the most direct, up-to-date, no-BS content in the mobile home space anywhere online.

If you like what we have to say, please do us a favor and hit that Subscribe Button down below as it will notify you about any video that comes on our channel. By doing this it helps us to get a better idea of what videos are being watched and what videos are not so we can focus on bringing you the content that you want to see.

Mobile homes are having a tough life. They are stereotyped, misunderstood, judged, and always labeled negatively. The mobile home stereotype is one of the most prominent stereotypes in the US. When someone calls a mobile home “trailer trash”, they are essentially judging 2 million homes and more than 17 million people based on the actions of only a few.

Lies about mobile homes are abundant, and they contribute to the negative stereotype that surrounds them.

One of the common misperceptions is that mobile homes are inherently unsafe and prone to disasters such as fires or floods. However, this couldn’t be further from the truth. In fact, modern mobile homes are built with high-quality materials and must adhere to strict safety standards set by federal laws.

Another myth is that mobile homes depreciate quickly in value, making them a poor investment choice. Again, this notion is inaccurate since many factors affect a home’s appreciation or depreciation rate, including location, upkeep, and market demand.

Lastly, there’s a belief that living in a mobile home means sacrificing comfort and style for affordability. While it’s true that some older models may have limited design options or amenities compared to traditional houses, contemporary manufactured homes offer customizable floor plans with features like energy-efficient appliances and luxury finishes.

It’s time we debunk these lies about mobile homes so people can see their true value- affordable housing solutions without compromising quality or comfort.

These negativities surrounding mobile homes and manufactured homes are not just misunderstandings, they are outright lies. People are spreading it either intentionally or not based on personal reasons. Jealousy sometimes can be a big reason too.

The reason why these lies and stereotypes are never dying is because of some people who are mentioning these lies – journalists and other online platforms like blogs.As as long they make money out of their controversial content, they don’t care.

Let’s go ahead and dispel these three biggest lies that we hear all the time!

You ready, y’all?!

Lie Number One:

Mobile Homes Are Not Real Homes.

I hear this one all the time from folks who are not familiar with what mobile homes are and what they are not. Mobile homes that were built after 1976 have been held to strict building standards by the government agency HUD, just like that of stick and brick houses. This means that no home being built after June of 1976 can be approved for sale without the stamp of approval from HUD.

In my opinion, this puts mobile homes in the same category as regular stick and brick homes, right out of the shoe.

This is understandable though as some people who are not familiar with mobile homes may think of RVs and Caravans which are in totally different categories. Although these are called mobile homes, they are large and can be anchored to the ground like traditional homes.

Palm Terrace mobile home

Lie Number Two:

Land Lease Communities Are Financial Rip Offs.
This one kills me!

Mobile homes on leased land require the owner of the home to pay a monthly fee each month to the park for usage of that land. This is called lot rent. Many times, lot rent covers the usage of the land, the water bill, the sewer bill, trash bill, the usage, upkeep and insurance of all the park amenities, such as the pool, and the residents’ own lawn care. These parks also do not have a CDD fee or an additional HOA payment for residents.

Now, all you negative Nancy’s out there, what do you pay each and every month both the time and money to get all that taken care of?

Lie Number Three:

Mobile Homes Fall Apart So Don’t Ever Buy One.

This one, is just plain foolish!

I have been in mobile homes that were built in the 1960s that were dropped off at the park directly from the factory and have been in much better condition than stick and brick homes built in the 2000s. Like with anything, the way to keep up with your mobile home and having it look nice for decades on end is to keep up with the routine maintenance. If you see something that is having a problem, look to get it inspected and immediately fixed, so you do not have a small problem grow into a huge disaster!

One of the most common myths is that mobile homes are weaker than site-built fixed homes. The reality is the opposite. The additional structure of the mobile home designed for moving is sturdier than that of the site-home home.

We will continue to discuss the routine lies and misunderstandings here in the mobile home space in order to help give you a better idea of what a mobile home is and what a mobile home is not.

Mobile homes are not perfect, I assure you that, but then again, what in life is?

Mobile homes are real homes. They may differ in name and construction but they are built to last like your conventional brick and concrete homes. In fact, there are some advantages to living in a mobile home compared to that in traditional homes. Depending on your lifestyle, living in a mobile home can be affordable. Living in a mobile home park can be quite enjoyable because you are surrounded by people who mostly share similar interests

If you are looking to buy a mobile home don’t listen to these lies that could sway your decision in a bad direction. We at The Mobile Home Dealer always provide expertise and knowledge and educate people like you who want to experience living in mobile homes.

This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.

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January 29, 2024
10 Compelling Reasons to Invest in Mobile Homes
In the dynamic landscape of real estate investment, mobile homes are emerging as a hidden gem, offering a plethora of advantages that make them an attractive option for savvy investors. Whether you are a seasoned investor or a first-timer dipping your toes into the world of real estate, here are ten compelling reasons why you should consider investing in a mobile home.

1. Affordability Breeds Opportunity

One of the most appealing aspects of mobile homes is their affordability. With a lower initial investment compared to traditional houses, mobile homes provide an entry point into real estate for those working with a limited budget. This affordability opens doors for a broader range of investors, fostering inclusivity in the real estate market.

2. Lower Maintenance, Higher Returns

Mobile homes typically come with lower maintenance costs than their traditional counterparts. The simplicity of their design and construction translates to fewer components that can go awry. This advantage makes mobile homes easier to manage and contributes to higher returns on investment as maintenance expenses are kept in check.

3. Quick Returns on Investment (ROI)

Speed is often a critical factor in investment success, and mobile homes offer a pathway to quick returns. Their lower acquisition costs and potentially faster rental turnover mean investors can recoup their initial investment sooner than with traditional real estate. This swift ROI can be particularly appealing for those seeking a more dynamic investment strategy.

4. Rental Income Potential

The demand for affordable housing has never been higher, and mobile homes are positioned to meet this need. Investing in a mobile home park or individual mobile homes provides an opportunity to generate steady rental income. With an increasing number of individuals and families seeking cost-effective housing solutions, the demand for mobile homes as rental properties is on the rise.

5. Flexibility in Location Choices

Unlike traditional homes that are fixed to a specific location, mobile homes offer investors the flexibility to choose their investment location strategically. This flexibility is particularly advantageous when targeting areas with high demand for affordable housing or regions experiencing economic growth.

6. Diversification for Risk Mitigation

Smart investors understand the importance of diversification, and mobile homes present an opportunity to diversify a real estate portfolio. By including mobile homes in a mix of investment properties, investors can spread their risk across different types of assets, providing a safeguard against market fluctuations.

7. Unlocking Tax Benefits

Mobile home investments can come with attractive tax benefits. Similar to traditional real estate, investors may be eligible for deductions on mortgage interest, property taxes, and even depreciation. These tax incentives can significantly contribute to the overall profitability of a mobile home investment.

8. Rising Popularity of Mobile Home Living

Advancements in mobile home design and construction are reshaping perceptions of this housing option. With modern amenities and a focus on energy efficiency, mobile homes are gaining popularity among those seeking an affordable yet comfortable lifestyle. This growing trend can positively impact the resale value of mobile homes, presenting investors with potential appreciation over time.

9. Opportunity for Fix-and-Flip Success

Mobile homes offer a unique avenue for the classic fix-and-flip strategy. Investors can target distressed or outdated mobile homes, renovate them to meet modern standards and sell them at a higher price. This strategy combines the satisfaction of revitalizing a property with the potential for a lucrative return on investment.

10. Potential for Appreciation

While traditional real estate is known for its long-term appreciation, mobile homes in desirable locations can also experience value growth. Investing in mobile homes situated in regions with increasing demand for affordable housing positions investors to benefit from both rental income and potential appreciation.

In conclusion, the world of real estate investment is evolving, and mobile homes are emerging as a viable and lucrative option. From affordability and flexibility to tax benefits and the potential for appreciation, mobile homes present a compelling case for investors looking to diversify their portfolios and unlock new opportunities in the housing market. As with any investment, thorough research and due diligence are crucial, but for those willing to explore the potential of mobile homes, the rewards can be both substantial and satisfying.

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November 30, 2023
10 Compelling Reasons Why You Should Buy a Mobile Home in Florida
Florida, known as the “Sunshine State,” is a popular destination for tourists and retirees alike. Its warm climate, beautiful beaches, and diverse cultural attractions make it an appealing place to live. If you’re considering relocating or investing in a property in Florida, you can buy a mobile home for change. Here are ten compelling reasons why you should consider buying a mobile home in Florida.

Mobile home for sale in Florida

10 Compelling Reasons Why You Should Buy a Mobile Home in Florida

1. Affordability

One of the most attractive aspects of buying a mobile home in Florida is the affordability factor. Mobile homes are generally more cost-effective than traditional houses, making homeownership more accessible to a broader range of people. This cost advantage allows you to enjoy the Florida lifestyle without breaking the bank.

2. Location Options

Florida offers a wide variety of mobile home communities, each with its unique amenities and surroundings. Whether you prefer coastal living, a peaceful lakeside setting, or a bustling urban environment, you can find a mobile home community that suits your preferences. This flexibility in choosing your location allows you to live in your dream setting while still enjoying the benefits of mobile home living.

3. Florida’s Favorable Climate

Florida’s climate is undoubtedly one of its most significant attractions. With mild winters and long, sunny summers, you can enjoy outdoor activities and bask in the sun year-round. This pleasant weather is ideal for those who appreciate the great outdoors and don’t want to be cooped up indoors.

4. Community Living

Mobile home communities in Florida often foster a strong sense of community. Neighbors often form close-knit bonds, creating a supportive and friendly environment. Many mobile home parks organize social events, clubs, and activities that allow residents to connect and build lasting friendships.

5. Low Maintenance

Mobile homes require less maintenance than traditional houses. With a smaller living space and less outdoor maintenance, you can spend more time enjoying the Florida lifestyle and less time on chores. Additionally, many mobile home parks offer maintenance services as part of their amenities, making it even more convenient for homeowners.

6. Amenities Galore

Florida’s mobile home communities are known for their abundant amenities. These can include swimming pools, fitness centers, tennis courts, and clubhouse facilities. Living in a mobile home community often feels like being on a perpetual vacation, as you can take advantage of these amenities at your leisure.

7. Proximity to Beaches

Florida’s pristine beaches are renowned for their beauty, and many mobile home parks are located near the coast. Imagine waking up to the sound of waves crashing and having the beach just a short walk or drive away. The convenience of living near the beach allows you to enjoy swimming, sunbathing, and beachcombing whenever you please.

8. Tax Advantages

Florida is one of the few states that do not impose a state income tax. This is a significant financial advantage, especially for retirees on a fixed income. Additionally, Florida has a homestead exemption, which can provide property tax benefits for permanent residents, further reducing your cost of living.

9. Retirement-Friendly

Florida is a top destination for retirees and a good reason. The state offers numerous services and amenities specifically tailored to the needs and preferences of retirees. From healthcare facilities to senior-focused activities and communities, Florida caters to those looking to enjoy their retirement years to the fullest.

10. Investment Potential

Buying a mobile home in Florida can be a sound financial investment. The state’s real estate market has historically shown steady growth, making it an attractive option for investors. You can also rent out your mobile home when you’re not using it, providing you with an additional source of income.

Conclusion

Buying a mobile home in Florida presents an array of compelling reasons to consider this housing option. From affordability and location choices to the favorable climate and abundant amenities, mobile home living in Florida offers a unique and appealing lifestyle. Whether you’re looking for a permanent residence, a vacation getaway, or an investment opportunity, a mobile home in Florida could be the perfect choice for you. So, why wait? Start exploring the mobile home communities in the Sunshine State and make your Florida dream a reality.

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November 3, 2023
5 Major Benefits of Mobile Home Living
Mobile home living has gained popularity in recent years as an attractive housing option for people seeking affordability, flexibility, and a strong sense of community. This housing alternative offers a unique and cost-effective way to achieve the dream of homeownership while enjoying numerous advantages. In this comprehensive exploration of the subject, we will delve into the manifold benefits that mobile home living offers.

Mobile homes, also known as manufactured homes or trailers, provide a lower entry point into the housing market, making homeownership more accessible to a broader range of individuals and families. Their customizable features, low maintenance requirements, and energy efficiency make them an attractive choice for those seeking a simplified lifestyle. Additionally, mobile home communities foster a strong sense of camaraderie and often include amenities such as recreation areas, security, and maintenance services.

Florida Mobile Home for Sale

Through this article, we will explore the financial, lifestyle, and communal advantages of mobile home living, shedding light on why this housing option is on the rise and how it can improve the lives of those who choose it.

1. Today’s Mobile Homes are Safe and Quality-Controlled

Today’s mobile homes are a far cry from the stereotypes of the past. They have evolved significantly in terms of safety and quality control. Thanks to stringent manufacturing standards and regulations, mobile homes now offer a level of security and structural integrity that rivals traditional site-built homes.

The construction of modern mobile homes adheres to rigorous building codes and industry standards. Advanced materials and construction techniques ensure durability and stability. These homes are inspected at various stages of production to ensure compliance with safety and quality measures, and they are designed to withstand various weather conditions, including hurricanes and earthquakes.

Moreover, mobile home manufacturers prioritize energy efficiency and environmentally friendly features. Many mobile homes now come equipped with energy-efficient appliances, well-insulated walls, and advanced heating and cooling systems, allowing homeowners to reduce their carbon footprint and utility costs.

Modern mobile homes are a testament to advancements in safety and quality control. They offer a secure, comfortable, and environmentally conscious housing option that appeals to a wide range of homeowners seeking affordability and modern amenities.

2. Purchasing a Manufactured Home Give Owners the Ability to Live More Simply

Purchasing a manufactured home offers homeowners the opportunity to embrace a simpler way of living, which can be incredibly rewarding and liberating. In a world often marked by complexity and fast-paced living, these homes provide a respite from the hustle and bustle.

One of the key advantages of manufactured homes is their affordability. With lower upfront costs compared to traditional site-built homes, they allow homeowners to live within their means and reduce financial stress. This financial freedom extends to lower maintenance expenses, as these homes are designed with ease of upkeep in mind. They often come equipped with modern, energy-efficient features that save money in the long run.

Simplicity is also reflected in the reduced environmental footprint. Many manufactured homes are built with sustainability in mind, incorporating green materials and energy-efficient systems. This eco-conscious living contributes to a more straightforward, sustainable lifestyle.

Furthermore, living in a manufactured home often means residing in a close-knit community. This sense of camaraderie fosters a simpler and more social way of life, where neighbors look out for one another.

In essence, manufactured homes enable a more straightforward and fulfilling lifestyle, characterized by financial freedom, environmental consciousness, and a strong sense of community. They provide an opportunity to focus on what truly matters and simplify the complexities of modern living.

3. You Won’t Break the Bank when Purchasing a Manufactured Home

The decision to invest in a manufactured home offers a practical and budget-friendly housing solution that won’t break the bank. Unlike the steep costs associated with traditional site-built homes, the affordability of manufactured homes stands as a compelling advantage. These homes typically come at a considerably lower price point, making them an accessible option for a wide range of individuals and families.

The savings begin with the initial purchase, where you can acquire a quality home without shouldering the enormous financial burden often associated with conventional housing. The construction process is highly efficient, streamlining costs and allowing manufacturers to offer competitive pricing without compromising on quality or safety.

Moreover, ongoing maintenance and utility expenses tend to be more economical, given the modern materials and construction techniques that enhance energy efficiency and reduce repair needs. This affordability translates into financial flexibility, enabling homeowners to allocate resources to other essential aspects of their lives, such as education, travel, or personal investments.

Choosing a manufactured home is a wise financial decision that empowers individuals and families to secure a comfortable and attractive living space without depleting their resources. It’s a pathway to homeownership that respects both your aspirations and your budget.

4. Living in a Manufactured Home Park Give Owners a Sense of Community

Living in a manufactured home park provides homeowners with a deep sense of community that is truly unique. These communities offer a social fabric and camaraderie that can be hard to find elsewhere.

In a manufactured home park, you’re not just buying a home; you’re joining a close-knit neighborhood. The proximity of homes shared amenities, and often similar life stages of residents create a natural environment for social interaction. Neighbors become friends, and friendships often extend beyond your front door.

Community events and activities are commonplace in these settings, fostering a sense of togetherness. From potlucks and barbecues to gardening clubs and book groups, there are numerous opportunities for social engagement. This supportive network is especially valuable for older adults, providing companionship and a safety net as they age in place.

Furthermore, many manufactured home parks have homeowner associations that collectively make decisions about the park’s management, further enhancing the sense of community and allowing residents to have a say in their living environment.

Mobile Home in Nokomis Florida

Living in a manufactured home park is not just about having a place to live; it’s about belonging to a community where friendships are easily formed, and a sense of unity prevails. This enriching social environment adds a profound dimension to the experience of home ownership.

5. Purchasing a Manufactured Home is Environmentally Sound

Opting for a manufactured home is not just a financially prudent choice but also an environmentally responsible one. These homes are designed with sustainability in mind, offering numerous benefits that reduce their environmental footprint.

Manufactured homes often incorporate energy-efficient features such as advanced insulation, high-efficiency heating and cooling systems, and low-flow fixtures. These elements help decrease energy consumption, which, in turn, reduces greenhouse gas emissions and lessens the strain on the planet’s resources.

Additionally, many manufacturers use eco-friendly materials and production methods. Sustainable materials, such as bamboo flooring and recycled-content countertops, are increasingly common in the construction of manufactured homes. The streamlined production process also generates less construction waste compared to traditional site-built homes.

Another green advantage is the ability to install these homes in existing manufactured home communities, reducing the need for land development and preserving green spaces. This land-use efficiency minimizes urban sprawl and helps maintain local ecosystems.

By choosing a manufactured home, homeowners contribute to a more sustainable and environmentally friendly housing option that aligns with the growing emphasis on ecological responsibility. These homes not only reduce environmental impact but also promote a healthier, more sustainable way of life.

The Bottom Line

The benefits of mobile home living are abundant and far-reaching. Today’s mobile homes, safe and quality-controlled, provide homeowners with a secure and comfortable living environment that is not only affordable but also environmentally conscious. They offer an opportunity to embrace a simpler way of life, with reduced financial burdens and a focus on community and sustainability.

Purchasing a manufactured home is a financially prudent choice, allowing individuals and families to achieve homeownership without draining their resources. The affordability extends to lower maintenance and utility costs, providing financial freedom and flexibility for other life priorities.

Furthermore, the sense of community in manufactured home parks is unparalleled, fostering friendships, social engagement, and a strong support network. Residents not only find a place to live but a place to belong.

Additionally, manufactured homes are environmentally sound, with energy-efficient features, sustainable materials, and reduced land development. They contribute to a more eco-friendly housing option that aligns with the imperative to reduce our ecological footprint.

In embracing mobile home living, one can enjoy the benefits of financial stability, a simpler lifestyle, a strong sense of community, and a commitment to environmental responsibility. It is an appealing and holistic housing choice that enriches the lives of those who choose it.

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October 23, 2023
What Is The Expected Life Of A Mobile Home
One of the most popular questions most people ask is “What is the expected life of a mobile home?”. Although this sounds like a simple question, the right answer can be more complicated than you think.

This question should not be taken lightly when considering buying a mobile home. It will always trigger another big question in return like “What are your plans for the mobile home?”

Mobile Home for Sale in Sebring
- Do you plan to live in it full-time?
- Will it be a holiday season mobile home?
- Will it be an investment that can give you passive income by renting it out?
- Do you plan to buy and flip it?
- Do you plan to buy a brand-new mobile home or a used one?
Your answer to the above questions will determine how long your mobile home will last.

Before going deeper into details, we’ll give you a short and simple answer.

According to the Department of Housing and Urban Development (HUD), mobile homes have a life expectancy of 30 to 55 years. Of course, it still goes down to how the mobile home is maintained. We feel this is a fair answer but in our experience, we see mobile homes that looked ready to get scrapped in just under 15 years, while others last for over 55 years and are still in great-looking condition.

The HUD estimate is a great reference but there are tons of factors that contribute to the longevity of a mobile home.

Why Do Mobile Homes Tend To Live Shorter Than Traditional Homes?

This is a question that many mobile homeowners and mobile home brokers would disagree with. There are plenty of mobile homes that last far longer than the estimated 55 years of the HUD.

When the HUD created a uniform code that mobile home manufacturers must adhere to in 1976, the mobile home construction standard became higher. It’s been 46 years and still, there are many mobile homes built in 1976 that still stand in perfect condition. Take note, 46 years!

For example, this California mobile home (photo below) was built in 1963. That is exactly 60 years today and still, it is asking for $38,000 and is perfectly livable. There are other mobile homes built in the 50s and 60s that you may find for sale on some real estate websites and remember, this was before the HUD standardized the construction of mobile homes.

Sarasota Mobile Home

Many of the best-maintained mobile homes are found in age-restricted and senior mobile home parks. Older people are mostly good at taking care of their homes and the things they care about. You can find many of these 45 to 55-year-old mobile homes in Florida, Texas, and Arizona.

The weather condition contributes a lot to the longevity of mobile homes. “In Florida where there is a lot of rain, humidity, and storms the average life of a mobile home tends to be shorter than those places that do not have the same extreme weather conditions. Although many of the mobile homes in Florida are considered older units, most have been kept up nicely”

On the other hand, Arizona has some of the oldest but well-maintained mobile homes due to its drier climate. The drier climate has a minimum effect on mobile homes compared to the subtropical rains of Florida.

Having said that, saying that mobile homes live shorter without balancing the given circumstances is just an overstatement.

The Quality of The Materials Used In Mobile Home Construction

Most mobile homes are made out of metal, wood, and vinyl, while stick-built homes are mostly made of concrete, metal, and wood. Although many of the mobile homes have footings that are made of poured concrete, mobile homes are not permanently attached to them.

The quality of materials used and how the mobile home is set up also play a bigger role in the longevity of mobile homes.

Having said that, mobile homes are built with high-quality materials and follow strict building standards. Mobile homes are lighter than traditional homes not because of low-quality materials but because of their lighter materials. Most of the actual materials used in both homes are almost the same except for the bricks and concrete used in stick-built houses.

Another reason why mobile homes are lighter is the roofing. Most mobile homes use steel, composite, and rubber membrane roofing as opposed to stick-built homes’ traditional shingles.

Mobile Homes’ Construction Process

Mobile homes are constructed to last longer and are not meant to be temporary. The HUD construction standards set the uniform quality of mobile homes nationwide. This means that mobile homes that are manufactured below the given standards will not be approved to be used as permanent dwellings.

Stick-built homes are built permanently on solid concrete foundations and many suffer cracks that result in the sinking of the house. Mobile homes, on the other hand, are built atop solid steel chassis and frames that could pretty much last forever. And since they are built to be transported, they are pretty flexible and sturdy. Since mobile homes are built in the factory, they are not made by bare hands so precision is needed.

The National Manufactured Housing Construction and Safety Standards ensure that mobile homes are built to uniform strength, durability, and stability, and the materials used are designed for maximum longevity yet we are told that mobile homes can only last between 30 to 55 years.

Factors That Impacts The Longevity And Lifespan Of Mobile Homes

So what really impacts the lifespan of a mobile home?
1. Improper Initial Installation
Based on our experience, much evidence suggests that improper initial installation is one of the major reasons why a mobile home can have a shorter lifespan. As we discussed, the materials and construction process are all guided by high-quality standards, but the installation is not. The installation of a mobile home is technical and should not be done by inexperienced people. The initial installation should be checked by an experienced and certified inspector to make sure it is properly done.
1. The Quality and Design Of Foundations
The foundation has the most important job as it supports the whole weight of the mobile home. Just as in stick-built homes, when the foundation is poorly built, the house can collapse. The same applies to mobile homes. When part of the foundation cracks and breaks down, the mobile home can tilt and there can be an avalanche of problems when the house loses its balance.

The actual condition of the soil where the mobile home is sitting can also affect its longevity. If the land is not graded well or left loose, the foundation can sink over time and can create an imbalance in the structure sitting on top of it. Add rainwater that can deteriorate the land and you could have a major problem on your hands.

There are many types and designs of foundations used in mobile homes. Some are expensive and some are cheap based on the type of land where the mobile home is to be set up. The location and soil conditions have a big role in deciding what type of foundation is needed in order for the home to be placed safely and correctly.
1. Man-made Damage Due To Irresponsibilities
Damage created by its owner is a big reason why a mobile home doesn’t last. While many people take very good care of their possessions, some people do not. This is evident in cars as well as some vehicles that are several years old and are in better shape than more recent models. Some 10-year-old cars smell like flowers while some several-months car smells like sewer. Although people don’t intentionally destroy their mobile homes, the lack of proper care, cleaning, and maintenance is a big factor in why the mobile home deteriorates faster than its natural depreciation.

Finances also play a major factor in why owners are not taking care of their mobile homes. When the owner is in financial turmoil, the home is always the last thing to be taken care of. The lack of cleaning can attract mold, wet spots, and water leaks could turn badly water leaks, and everything. If these damages will not be taken care of immediately, expect the mobile home to give up sooner than later.

Humans can create more damage than nature can give. For example, when the owner of a Florida mobile home goes back to Canada and stays there for four months, their mobile home can attract some problems such as mold, soft spots, and even termites. If the mobile home is not well prepared for its owner’s absence, a small issue can turn into something much larger fast.
1. Natural Disasters
Natural disasters are responsible for much housing damage (both mobile homes and traditional homes) in critical areas like South Florida. A strong hurricane can totally wipe out the entire mobile home. But natural damage like water leaks on the roofing can be repaired immediately. Minor natural damages can not be a problem if the mobile home is properly maintained.

How To Extend The Life Of Your Mobile Home

Extending the serviceable life of your mobile home is not a difficult task to do if you are just responsible enough to take care of your shelter. As mentioned above, if you are buying a brand-new mobile home, make sure to have it installed properly. If, however, you are buying a used mobile home, proper maintenance is the key in order to giving your mobile home more years of existence

Here are some simple tips to help you prolong the life of your mobile home
1. Roof Maintenance
The roof is the most important part of your mobile home as it protects everything under it. Water leaks can destroy the whole ceiling which can then destroy your appliances, furniture, and everything. The roof leak over a period of time if left unrepaired can cut the total cost of your mobile home in half and you may find yourself selling your home to a fixer-upper when you can’t afford to have it repaired anymore.
1. Skirting
Skirting is one of the most important features of a mobile home and not just for having good looks. Animals love the shade and the small space underneath your mobile home is a great place for rodents, snakes, and other insects like termites to live. cats, rabbits, raccoons, and even stray dogs can call this space their home if you don’t have skirting, and this could give you a major headache, especially when a cat gives birth underneath your home.

A handyman friend told me that he had a lot of experience finding all sorts of animal skeletons under many mobile homes he repaired and the new owners often find themselves horrified.
1. General Maintenance and Cleaning
Sometimes, a simple act can save a lot of money. One of my new neighbors bought a mobile home from an old friend who passed away a few years ago. The mobile home they purchased has an external faucet underneath the carport that was running, they did not know this until months after their purchase causing extensive water damage to the skirting of the mobile home. When Pat opened the faucet, it broke and the water showered all over the place. They were planning for a long California vacation. The plumber said the faucet would likely break even if it wasn’t checked and could result in massive repair costs as some power tools are stored nearby. Those power tools could have been soaked in the water.
1. Immediate Action
We know procrastination is a bad habit and could result in a myriad of problems. Wherever there is a small issue, make sure to act immediately and no not wait until a small problem becomes a large issue. For example, when you see a wet spot, investigate where it comes from and why. Some people ignore smaller issues only to find themselves spending a lot of money due to their negligence.

Final Words

The longevity of a mobile home primarily rests on how we take care of it. Although natural disasters and bad weather can be a big factor, regular maintenance, and cleaning play a vital role in maintaining the good condition and value of our home.

If you are planning to buy a mobile home, don’t believe other people saying that mobile homes don’t last. Mobile homes last as long as the owner wants them to last.

If you need more information about mobile homes, we are always happy and willing to give you more information. Contact The Mobile Home Dealer if you are looking to buy or sell a mobile home!
September 27, 2023
Are Mobile Homes Really “Mobile”?
Are mobile homes really mobile? It’s a common question and one that doesn’t have a straightforward answer. On the one hand, mobile homes are designed to be moved from one location to another. They’re typically built on a chassis that can be towed behind a truck or other vehicle, and they often have special features that make them easy to transport. On the other hand, once a mobile home is set up in a permanent location, it can be very difficult to move.

The cost of moving a mobile home can be prohibitive, and many local zoning regulations make it difficult to relocate them. So while mobile homes are technically designed to be mobile, the reality is that they often become stationary once they’re set up in a particular location.

Have you ever seen a mobile home and thought to yourself that the home would be perfect if only it were located in another park?

Ever wondered what it would take to move a mobile home and how the actual moving process is completed?

This is a common question that gets brought up all the time and we are happy to help educate you on this question as well as dispel many of the mobile home mobile myths that exist within the mobile home industry.

Perhaps, where we should start first is the name of the home we are discussing in the first place, mobile home.

Sarasota mobile home

Mobile homes, also known as “manufactured homes,” are fabricated in a factory and placed on a trailer chassis to allow them to be moved. In most cases, mobile homes are placed in a mobile home park or on leased land. In these cases, the owner rents a space or leases land but owns the mobile home itself.

Alternatively, mobile homeowners can place mobile homes on land they own or are buying under contract

If the term is not clearly defined then we will be spending all of our time chasing our tail!

Mobile home is a term that many associate with a home being able to be moved from one location to another.

At its surface, this seems accurate, right?

Not totally so.

Mobile homes in the state of Florida can not be moved, legally with a permit, if they are over 20 years old from the manufacturing date.

In order to determine what year the home was manufactured one can look at either the data plate in the home or on the actual title paperwork of the property.

The reason why a mobile needs to be 20 years old or newer is that the governmental agency, The Department Of Motor Vehicles (DMV), is the one who will be issuing the permit for the moving company to transport the home from its current place of origin to that of the owners desired location.

If the home is older than 20 years old then the DMV views this home to be too old to be safely moved.

This, right here, causes confusion as the term “mobile” isn’t exactly accurate if you are dealing with an older home.

The average age of a mobile home in the greater Sarasota Florida area is that of a 1976 year model, clearly showing that the vast majority of these mobile homes can not be permitted to move from their current location.

When looking at buying a mobile home in and around the greater Sarasota Florida area we strongly suggest before buying the mobile home first look at the park and the general area it is located in.

If this meets your needs then go and take a look at the home.

Going in the reverse order may very well lead you to like a home that can’t be moved and thus you get stuck with the perfect property in a less-than-ideal location which only leads to further frustration during the mobile home buying process.

The next question is, how do you move a mobile home?

Assuming your mobile home is 20 years old and younger, still, there are still a lot of things that you should know before making a final decision to move your mobile home.

Hundreds to even thousands of people successfully move their mobile home each year and as long as you do your research, you can do it too. Here we are going to discuss the things that you need to know and be prepared with, before moving your mobile home.

A mobile home in Sebring Florida

If you are moving to another town, contact the town building commissioner.

Prepare your title certificate and county treasurer certificate. These documents prove that you own the mobile home you are moving to and that all taxes are paid on it.

Hire a moving company. Once all the paperwork is ready, hiring a moving company is time. Many people think this is the first thing to do when moving a mobile home but it is actually one of the last”. Moving companies will not bother hooking your mobile home without a proper permit and documentation.

The cost of moving depends on many factors and differs across different moving companies. Distance should be considered as well as the difficulty of moving your mobile home. There are places with tight corners and difficult to access. Moving companies consider these factors when giving you a quotation.

Another factor that may increase the moving cost is the size of your mobile home. It’s obvious of course, the smaller the house, the easier it is to move. Weight is also another factor. Older mobile homes are typically lighter than new ones.

In the state of Florida, older mobile homes must be inspected before a permit is granted.

If your mobile home is older or in need of serious repairs, moving could cost more. The movers will have to spend extra time fixing and altering things that could fall apart before they put them on the road.

There are other small but important things to consider when moving a mobile home, as every move is unique and has different circumstances. If your mobile home is insured, check with your provider to see if moving to a different location is covered.

This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.

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September 26, 2023
Can Mobile Homes Be Used As Investment Properties?!
It seems like when you turn on any reality TV show that has to do with selling a home or remodeling a home, it always goes back to single-family homes, doesn’t it? Can Mobile Homes Be Used As Investment Properties?!

You know the type of show is I’m referring to you.

For sake of not wanting to mention any specific show on this video, it is safe to say that anyone who has ever a channel surfed over the past decade knows these shows.

One thing that I think is always interesting is that I have personally never seen a show explaining the benefits of investing in mobile homes as investment properties as these shows always focus on that a single-family home or sometimes an apartment complex.

Although apartment buildings and single-family home rentals certainly are the tried and true way to put one’s money in if they are looking at purchasing a piece of real estate for investment purposes, I always ask myself why doesn’t someone do a show about investing in mobile homes on leased land as possible rental properties?

My goal today in this brief video is to give you a very, very basic understanding of mobile homes as investment vehicles when used as rental homes.

First, let’s go over the basics so we are all on the same page about what we are talking about here.

As we have discussed several times in the past, mobile homes on leased land are viewed as and taxed as used vehicles in the state of Florida which means that you do not pay property taxes on the home. We have also discussed in the past that most mobile homes in and around the Gulf Coast of Florida are older than 1976 models which means that it is difficult to obtain a mortgage or loan on them as nearly all pre-owned homes of that age are sold and purchased in cash. We have also discussed lot rent, it is the monthly carrying cost most all parks have which covers the usage of land as well as basic utilities, such as water, sewer, trash, and lawn care. Additionally, we have mentioned in the past that most mobile home parks in the area allow rentals so long as they are either seasonal or annual rentals.

We are all aware of the need for affordable housing options as apartment wait lists are continuing to increase. The apartment rents go up accordingly as well. Buying a single-family home right now as an investment property is just plain bananas with how high the real estate market is swelling at the time of this video.

With all that understood, let’s peel back the onion a little bit here.

Most mobile homes only have lot rent as a monthly carrying cost for the owner that they need to pay each month. Most apartments do not offer to-your-door parking or a lot of times even laundry services within the apartment unit for the base price of the rent. As we all know many people are moving to Florida right now looking for more affordable places to live than ever before. Mobile homes on leased land usually don’t carry debt as we have mentioned which brings down the owners’ liability when looking to rent the property.

With all of these things mentioned, do you see all the immediate needs that mobile home rentals meet right out of the shoot?

Mobile homes on leased land are fantastic investment vehicles for those folks who are looking to invest but do not want to take on debt or get into a bidding war with other investors trying to purchase traditional real estate!

Furthermore, the fix & flip investment strategy usually works great with mobile homes. Let’s say you purchase a mobile home for $10,000 and fix it for $5,000. You can sell it for $25,000. A $10,000 quick profit is not a bad idea especially if you are into a fixer-upper business strategy.

Mobile homes are cheap and in Florida, they are not taxed as real estate. People who can’t afford conventional homes always look into buying mobile homes. Not only that they are easier to manage, mobile homes in Sarasota Florida are mostly located inside mobile home parks that are easily accessible. If you are selective during your buying process, your mobile home can appreciate its value and can build your wealth over time.

Any investment that involves real estate has its pros and cons and investing in a mobile home can also be risky if you are not fully prepared and lack knowledge on how to do it properly. The reward can be greater than your expectations if you do it perfectly

Assuming you are looking to purchase a mobile home to live in, there are a number of pros that may make this type of investment appealing.

For starters, mobile homes are generally much cheaper than traditional stick-built homes, so you will likely have a lower mortgage payment and/or be able to pay cash for your home outright.

Additionally, most mobile home parks offer a sense of community that can be appealing, especially for retirees or those looking for a more affordable lifestyle.

Finally, mobile homes tend to appreciate at a rate similar to traditional homes, so you can expect your investment to grow over time..

We look forward to answering any questions you have on mobile home investing and we will be happy to answer additional questions in the coming weeks through our video series on this topic. Feel free to contact us directly with a specific question or drop a comment and a question in the comments below.

The Mobile Home Dealer are licensed mobile home broker in Sarasota Florida and the surrounding areas. We provide professional buy and/or sell assistance to our clients. If you have any questions, please contact us by clicking this link. You may also visit our Facebook Page and send us a message.

This is Mark Kaiser with The Mobile Home Dealer and we help mobile home Buyers and Sellers get to a better place in life.

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September 25, 2023