there are several advantages to purchasing a Movable House . It is less
expensive than buying a stick-built house, it may give you the option of
purchasing more valuable land because you have spent less on the home itself,
and it is cheaper to maintain. Also, the idea that movable houses depreciate in
value is not always valid.
house was preciously viewed as a bad investment because it will depreciate.
This is only partially true. Movable houses in parks do go down in value, but
movable houses on privately owned land usually go up in value, particularly if
the land is in demand. In certain desirable areas, in fact, you'll find a
preponderance of movable houses: property around lakes, for instance, where
people have been living in movable houses as vacation or retirement homes.
Also, double-wide movable houses tend to remain at the purchase value or even
appreciate. Double-wide movable houses are very common in retirement
communities, where values continue to increase.
houses are cheaper upfront to purchase, and at about 1,100 square feet for a
single-wide, living space is similar to a small two-bedroom house or relatively
large apartment. Besides, a double-wide has about 1,700 square feet, making it
as big as many houses.
several options for handling the mortgage. The least expensive option is to
move the new home to a movable house park, although you'll need to pay lot
rental. Another possibility is to purchase a relatively inexpensive property
where zoning allows a movable house. With these options, you can keep the
mortgage small, build equity faster and pay the loan off sooner.
you can also use the savings from buying a movable house to purchase more
expensive land. You may be able to obtain some choice property if you are
willing to have a less expensive house. This is an excellent investment
strategy as well, if you are in an area where property values are expected to
continue increasing because of desirability, job stability and other economic
factors. In addition, property taxes and insurance also cost less for a movable
house than for a stick-built house.
houses are cheaper than a house to maintain in several ways. Fixing a movable
house roof costs less than fixing a traditional shingled roof, and adding a new
roof over the top of the old one costs less than putting a new roof on a
stick-built house. The furnace can be more reasonably priced because it heats a
smaller living space and one floor only. Your heating bills will be lower
because of the more compact space, particularly if you do some winterizing.
looking at the movable house as a short-term option (five years or less), you
will most likely be able to sell it for at least what you paid for it, as long
as you keep the building in great shape. A used movable house will cost
significantly less than a new one, so people will be inclined to buy a used one
if it's almost like new.