While the allure of a moderately-priced home that can be moved may be strong, mobile homes have many downfalls that make them less than ideal.
Disadvantages of Mobile Homes
They Lose Their Value Quickly
Historically, mobile homes do not hold their value in the manner that of site built homes. Mobile homes typically do not appreciate or can even decrease in value over time. The amount that a home depreciates in a single year is based on the remaining useful life, wear and tear, and the salvage value.
Moving Them Can Be Difficult
Mobile homes are considered “personal property,” because they can be moved even after they are built or placed. However, although mobile homes were designed to be portable, oftentimes it can be almost impossible to move these structures. Anything attaching parts of the structure to the ground or anything that could fall off during transportation must be removed prior to moving the home. In addition, the process of relocating a mobile home can be costly.
They are More Prone to Damage
Generally, mobile homes are set on a temporary foundation. This makes them more prone to damage from catastrophic events and natural disasters. It is highly likely that if a mobile homeowner experiences either of these events, the home will be considered a “total loss.”
Advantages of Site Built Homes
The value of site built homes appreciates over time, because the homeowner typically owns the underlying acreage. They are defined as “real property,” which also increases their value.
Also, many developments do not have restrictions on site built homes as they do for mobile homes. Deed restrictions often exclude manufactured homes, but be prepared for some confusion between the two types of dwellings.
Manufactured homes also conform to a Federal Housing Code, known as HUD, instead of the code that exists at the destination. They are built on steel chassis that are not removable.
In order to secure home ownership through Ponderosa Homes of Texas, you already own the land. No more messing with landlords or rental agreements. There are several options to choose from, so you can select the model that works best with your property layout.
Contact us today!
If you are searching for affordable housing in Johnson, Parker or Wise County, look no further. Call the professionals at Ponderosa Homes of Texas or contact us here to to find out more about a real site built home. Specialized mortgage lenders are ready and waiting to help finance your dream home.