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How To Buy A Second Hand Mobile Home And Achieve A Quality Purchase

There are without doubt numerous benefits of owning a mobile home. For most people, the biggest benefit is that buying a mobile home is a much cheaper option than purchasing or renting a traditional house. In this regard, buying a used mobile home is bound to save you even more money. However, this is not automatic as it is also fraught with risks and can end up costing you more if the mobile home does end up to be in disrepair. Here are some tips on how to buy a second hand mobile home.

One of the first things you need to do is to determine your budget. This is important because it is going to help you target the units that fall within your budget. this not only saves you time but also eliminates unnecessary trips and costs which you may otherwise incur if your budget is not clearly spelt out from the onset.

As you come up with a budget, it is important to remember that even though it is possible to obtain a mobile home at a price far below that of a traditional home, manufactured homes tend to depreciate rather than appreciate in value over time. This fact is usually more pronounced if you want to purchase your mobile home as a long term investment. However, it is also worth mentioning that it is also possible to not only retain but also increase the value of the unit if you consistently conduct routine and periodic maintenance on it.

When on the lookout for a used mobile home, it is important to cast your search net as wide as possible. Search for a unit in newspaper classifieds, internet classifieds, local trading papers, local real estate channels and other online sites. This is important because the more choices you have, the higher your chances of getting a perfect fit that’s going to fit your lifestyle.

Once you have identified a unit that’s impressive, always keep in mind that the first impression does count. Look at the home for any signs of disrepair or neglect. If you see that the mobile home has not been well taken care of, then you should steer off the property unless you are keen on getting a unit on the cheap then spending some money and time to rehabilitate it to your specifications.

Irrespective of your first impression, it is important to know how to inspect a home and appreciate what you need to look out for. Depending on your location, you should ensure that the home can pass all the necessary codes. These may include foundation, plumbing, electrical, structural and transportation codes. If the home is older than 1976, make sure it has been re-wired and a new breaker box put in place. For newer versions, check out how the breaker box has been fixed. Be on the lookout for organized and ample circuitry. The wall switches should be functional and GFCI switches used at all water sources. Check out for leaks; look under each and every water source as well as around and above windows and doors for any signs of leakage or water entry.

You should also decide on whether you want to use the mobile home in a park or on private land. A manufactured home park is an ideal spot if you want to rent the land where your mobile home will stay. If you are purchasing a unit that’s already in the park, it is important to carefully review any park rules or regulations before you submit any offers to make a purchase. You should also check on the available amenities before you make an offer. It is important to mention that most if not all units that are in a mobile home park are usually considered as personal property and not real estate because you don’t own the land. If you want your mobile home to be considered as real estate and enjoy all the benefits associated with traditional homes then you should buy some land elsewhere and then put a foundation in place and set up your mobile home.

The next thing you need to consider is the financing. Manufactured homes that are considered real estate are much easier to finance since there are many players out there in the market who are willing and ready to assist. The same cannot be said about manufactured homes which are considered personal property which tends to have fewer financiers and even when you get one, the terms and conditions are not so friendly.

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