Pros And Cons Of Buying A Mobile Home

Posted by Maxwell Progressive on Tuesday, October 31st, 2017 at 3:12am.

Are you thinking whether you should buy a mobile home? You can take a look at our Edmonton mobile home listings to find beautiful homes in your preferred neighborhoods. However, if you don’t know if mobile homes can be the best choice, understand the pros and cons of buying mobile homes listed below.

Edmonton mobile home listings

Pros Of Mobile Homes

Lower Initial Cost

Mobile homes cost much less than any other traditionally built home of the same size. This is because the homes are fabricated under factory conditions. No natural condition or weather can affect the process and hence, the fabrication process gets completed quickly with the help of fewer laborers.

Availability Of Variety

Modern mobile homes are pre-manufactured using supreme quality raw materials. They meet strict standards to ensure they are built to last. And the common myth about mobile homes is that they are block-like looking homes is not true. Mobile homes can be easily and quickly customized using fewer resources.

More Space

As these homes cost less than traditionally built homes, you can get extra square footage for the same price than with a smaller traditional property. Also, if you are on a limited budget, you can find good and customizable homes.

Cons Of Mobile Homes

Less Financing Options

Although the initial cost of mobile homes is less than that of traditionally built houses, they aren't always affordable for the buyers. It is difficult to find financing options for buying mobile homes. Lenders hesitate to give mortgage loans to purchase them as they aren't considered as real properties. However. some mobile home manufacturers do offer financing options.

Depreciate In Value

The major reason why the value of mobile homes depreciate is that they are considered to be "personal property" and not "real property". "Real property" is defined as land and anything attached to it permanently. Hence, anything that can be removed or detached from the land is considered as personal property.

Now that you know the pros and cons of mobile homes, you can decide whether you want to buy this type of home or not. You can take a look at our Edmonton mobile home listings to take a look at mobile homes available on sale. Or, you can talk to our real estate agents if you are still unsure about making a decision.

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