Is Buying A Mobile Home A Good Idea -

The biggest hurdle is how the home holds its value. Unlike traditional real estate, which usually appreciates because the land goes up in value, a mobile home is often treated like a vehicle.

With a smaller footprint and modern building materials, the upkeep is generally less demanding and less expensive. The Downside: The "Depreciation" Trap is buying a mobile home a good idea

You view it strictly as a short-term investment or you are moving it into a park with rapidly rising lot rents. The biggest hurdle is how the home holds its value

You want to lower your cost of living, you plan to live there for a long time, or you own the land. The Downside: The "Depreciation" Trap You view it

Are you looking to buy a directly from a dealer, or are you considering a pre-owned home in an established community?

If you rent a lot in a mobile home park, you are subject to rent hikes and park rules. If the park owner sells the land to a developer, moving a modern double-wide can cost $10,000–$20,000—assuming the home can survive the move. The "Sweet Spot" Strategy