Should I get a mobile home?

[Anonymous]

They r are not so expansive and i would never need to worry about being homeless. Maybe even move in full time

[ohsheeT]

I bought one about 8 years ago it's a double wide and I paid $7,000 for it

It's now worth $120,000 because of the work that I've done to it so I'm thinking about turning around and selling it and then buying another one they're built very cheap as long as you take care of the heater motor your heater will work forever if it's going to be a newer mobile home make sure it has vinyl windows because they're not insulated very well but you can do quite a bit of things to them and depending on where you buy it the value will go up if you take care of the exterior the interior the roof and the breaker box outside if it's outside and it depends on where you live and the weather and by next year it should be probably worth about $140 something if it was on the foundation it would be worth $300 and something right now

[ohsheeT]

But here's one thing that you want to definitely do if it's in a mobile home park your rent for your space is always going to go up so you're going to be stuck still paying rent if you put it on a piece of property you own everything and that's when you can make real good money if you buy it you can fix it up

[HighValue]

Look into your state's land laws regarding placement of mobile homes. Depending on the state, double wide mobile homes may be legal to place on a foundation just like a site built home on any residential lot as long as it is 960 sq. Ft. Or larger, and single wides can be placed on lots as long as it is 700 sq. Ft. Or larger.

Even if you only plan on putting it in a park for now, you may want it on land permanently in the future. Get a new one, not a usedold one because the modern ones use standard construction materials like houses. You could potentially buy a new one now to put in a park, then wait until sometime in the future when property prices/values crash and then buy land for it.

[midnightmoon05]

Generally not a good idea. No long term gain. Hard to resell and you have to rent a lot.

[Asker]

i saw caravans just parked anywhere

[midnightmoon05]

Yes and? Do you know how much it costs to rent to park a mobile home?

[Asker]

i meant anywhere meaning in the most random places, in a forest etc

[midnightmoon05]

Do you know how much it would cost to park one?

[genericname85]

i mean typically i'd say that's a bad idea cause you know houses typically don't come with the maintenance issues that cars have. but considering world war 3 is about to break out, this is probably not the worst idea ever.

[seeyounexttuesday]

If it's what you can afford, it's a reasonable solution. Be careful with exorbitant lot rental rates.

[HelpfulWoman]

depends a lot more on other things.

[RoronoaZoro8]

Use the money for your emergency fund