Looking into Buying Mobile Homes?

To own a home is one of the dreams every common man cherishes, even from the childhood. With hard work and years of savings, he might be able to build or buy a dwelling for him and his family. More than a place to stay safe from bad weather and sun, a home is also a handy investment option. In this context, buying mobile homes is an option worth considering. Recently, in the US, there has been a surge in the number of people opting to live in mobile homes. Buying mobile homes is cheaper than other forms of housing and is widely seen as a good investment option as well. Statistics show that nearly 8.8 million American households live in mobile homes.

Before getting on with the details of buying mobile homes, let us look at what a mobile home is. A mobile home is a residential structure that's been constructed in a factory and is then shipped as a single piece to the address. Sometimes it is a misnomer as only 5% of these type homes ever leave their original site.

Buying mobile homes is an even better option when it's placed on land on a concrete slab with a well and full septic system. It will suit those who are looking for inexpensive housing. It's also a good idea if it is sitting on a nice piece of land such as an acre or more if you have plans to build a new home on the lot, or if you are an investor.

Before buying mobile homes you have to make sure that the mobile home conforms to the US government's Manufactured Home Construction and Safety Standards (known as the HUD code). That is, each mobile home must conform to a Federal building code rather than to the building codes at their destinations.

When looking into buying mobile homes, it is a good idea to check for the latest varieties of mobile homes available in the market. Nowadays, mobile homes options vary from single-section homes to large, multi-section units equipped with a fireplace or a cathedral ceiling. Buying mobile homes is a good housing choice for most due to wide price range available.

When buying a mobile home, make sure that everything is in place. First, shop around as much as you can until you find the home of your choice. Compare the cost, floor plan design, interior and exterior decor as well as the construction methods and materials used. Make sure that your mobile home displays the label certifying code compliance and the dealer is licensed with the Division of Motor Vehicles, Department of Highway Safety and Motor Vehicles. When buying mobile homes, it is always better to secure the manufacturer's as well as dealers warranty on the home.

In the context of buying mobile homes, there will be a lot of finance providers offering you loans in addition to dealer financing. Take care that you shop around for the best finance and insurance plan. While finalizing the contract, precisely understand which items on the contract are your responsibility. Clearly define yours and the dealer's responsibilities so that there is no ambiguity in the deal. Do not leave any blank spaces on the contract, and be certain that all the items which you and the dealer have agreed to are covered by the contract. Say no to oral agreements. Read the entire contract before signing it, and make a point to save a completed copy for your records. And if the dealer is to retain the wheels, axles and other mobilizing hardware, this should be stated in the contract.

Before investing in a mobile/manufactured home, be sure you have a place to put it. Remember, the structure must be tied down in accordance with the specifications provided in Department of Highway Safety and Motor Vehicles Rule 15C-1 or the specifications provided by the manufacturers. Remember, such structures are open to on site inspections.

Copyright 2005

Buying and Selling Mobile Homes Selling Mobile Homes

A 1750s farmhouse has a beautifully carved sandstone facade and offers sweeping views of the vineyards and the river.

In downtown Manhattan, new condo developments offer owners both single-house-style privacy and luxe-building-style amenities.

Where others saw a ruin, the buyer of a house in Millburn — a former contractor — perceived buried charm.

A gated community on Coney Island surrounded by sandy beaches, Sea Gate has a suburban feel.

The Yankee shortstop is selling an apartment on the 88th floor of Trump World Tower.

Until the financial crisis, foreigners had been a significant force in the real estate market, an area broker said.

A 1907 brownstone in Washington; a 1914 English Tudor in Kansas City, Mo.; and a 1925 bungalow in Sarasot., Fla.

The difference between viewing housing as a luxury good or as a staple is the subject of a debate about the recovery.

The property market in Stockholm has been insulated from the worst of the housing crisis by low interest rates and by a shortage of apartments in the city.

Laka Nona medical city will include a medical school, hospitals, research centers and space for biotech start-up companies.

Soho House is undergoing a $100 million expansion, including a new exclusive club in Miami Beach.

Real estate listings noting a need for TLC acknowledge problems with a property. Just what those are is not always clear.

Some economists and analysts urge a dose of shock therapy that would shift benefits to future homeowners from current ones: Let the housing market crash.

Two longtime loftmates appeared to be going their separate ways, but the hunt for new apartments landed them in the same building in Williamsburg.

In the weak economy, more buyers are being asked to shoulder the so-called flip tax.

West End Avenue and vicinity was once a stronghold of town houses. Three of the now-rare breed bear distinctive traces of the attentions of recent owners.

At River Pointe, a community in Manchester, N.J., solar technology that earns energy credits is a standard feature in each house.

Questions for a principal of the law firm Proskauer Rose and a co-chairman of the firm’s real estate division.

The wealthy and celebrities often buy property under limited liability companies, often with whimsical names.

Once a grand mansion steps from Central Park, it had fallen into disrepair. Now it is for sale for $8.95 million.

One in eight homeowners had household debt exceeding half the monthly income in 2008, a recent report says.

A parking space that comes with the lease; a condo building with no emergency reserve fund; a landlord’s liability in a burglary; dealing with fees on security deposits.

An art collector builds a nontraditional house in an Alpine village where life hasn’t changed that much in decades.

On Lake Waramaug, a converted boathouse has a stone foundation, a wraparound deck and direct access to the water.

A half-dozen buildings on Second Avenue will house ventilation equipment, disperse smoke and allow for evacuation from subway tunnels in emergencies.

A one-bedroom condo in Philadelphia, a three-bedroom bungalow in Tennessee and a two-bedroom house in Wisconsin.

Developers in Midtown are refurbishing older buildings, using tax credits and public financing, as much as they are building from scratch.