Living in a Mobile Home vs. Traditional Home

If you’re thinking about buying a home, but don’t need excessive amounts of space, the option of a mobile home may be on your mind. Mobile home living is perfect for individuals, small families, or people looking to downsize. However, the thought of a traditional home may also be on your mind, so we’re here to help you discover the pros and cons of buying a mobile home vs a traditional home. So keep on reading!

 

Pros to Buying a Mobile Home:

1. Usually the Cheaper Option: Purchasing a mobile home is usually the lower cost option in comparison to a traditional home. With mobile homes coming in at less of a cost, you usually get a more square footage for your money.
2. Flexibility: One of the great advantages of a mobile home is that it’s semi-permanent, meaning that once built and placed on a plot of land, they can be picked up and moved somewhere else at any point in time.
3. Great Quality: It’s a common misconception that mobile home living isn’t the same or lesser quality as traditional home living. However, it’s completely the same! The quality of material that make mobile homes is the same material that make standard stick built homes.
4. Perfect Down Size: Depending on the style of mobile home you choose, typically the entire home is located on one floor. Making it easier on the older community who are looking to decrease the size of their home as well as the amount of stairs.

Cons to Buying a Mobile Home:

1. Depreciation: In time traditional homes usually appreciate in value, however mobile homes tend to depreciate fairly quickly.
2. Living in a Park: Unless you have a plot of land to put your mobile home on, most mobile homes are located within mobile home parks. So although you may own your mobile home, you still have to answer to the park owner and comply with the park restrictions.
3. Harder to Resell: Due to its depreciation, owners find it difficult to resell their mobile home to a potential buyer.
4. Moving the Home Can be Pricey: The fact that a mobile home is moveable, it can come with a hefty price tag. So if you choose to move the home to another location, it will be at a larger cost. 

 

It’s important to consider all your homeownership options in this competitive market. Mobile home living is a great option for a lot of people so ask questions and weigh in all the factors before you limit what you’re willing to go and see with your real estate agent. Looking for an experienced agent to guide you through buying your home in New Hampshire? Search our website for agents near you.