New or Used? Which Type of Mobile Home is Right for You?
If you want to own your home, but don’t need anything too large, a mobile home may be a great option to consider. Mobile homes are often far less expensive than traditional homes and can be transported if you decide to relocate in the future. It can be difficult to decide if you should purchase a used mobile home or a new one, though. The following guide walks you through a few of the benefits that come with buying each so that you can decide which option is right for you.
Rest Assured Everything is in Great Condition When Buying a New Mobile Home
When you buy a new home, you don’t have to worry about anything needing to be repaired in it. It will arrive in the best condition that it will ever be in. When you purchase a used mobile home, there may be issues that need to be addressed before you can live comfortably in the home.
Get a Warranty When Buying a New Home
A new mobile home will come with some sort of warranty that if certain things go wrong within the home within a specific amount of time, the company will have them repaired for you. This could save you a lot of money in the long run as home repairs can be quite costly. It’s important to make sure that you understand the stipulations of the warranty before buying the home so that you can know what you are responsible for and what the warranty actually covers.
New Homes Have Newer Technology
When you purchase a new home, you can rest assured that it has up-to-date appliances and equipment in it. Most mobile homes now come with energy-efficient appliances, water heaters and heating and cooling systems. Having energy-efficient options saves you money on your monthly energy costs. Having new appliances and equipment also makes it less likely that anything will go on the fritz in the near future which decreases your home upkeep costs.
Transportation Costs Are Often Included with the Purchase of a New Mobile Home
Mobile home dealers often work with transportation companies on a regular basis. They work out a deal with the company to minimize the overall cost that the dealers have to pay for the transportation of the homes that they sell. This allows them to include transportation costs in the asking price of the home, which can make the house more appealing to buyers. Not having to worry about how the home is going to be moved makes the whole process much easier. With the purchase of a used mobile home from a private seller, you have to figure out all of the transportation details on your own.
New Homes Can be Customized to Suit Your Needs
There are many times when you purchase a new mobile home before it is even built. You get to walk through a model of what the home will look like when it is finished but have the ability to customize it any way you see fit before it is finished being built. This allows you to create the home of your dreams from the start. If you purchase a used home, you may have to remodel it to make it feel like home to you. This could be quite costly and time-consuming in the end.
Used Mobile Homes Cost Far Less Than Newer Ones
If you are on a limited budget or simply want to minimize the amount of money you spend on your home, a used mobile home may be a great option for you. They are often in great condition and will last you for years without the hefty price tag that comes with newer models. In order to ensure that you are getting the most bang for your buck, price compare other similar mobile homes that are for sale and have the home inspected by a professional. This allows you to have peace of mind that there are no major repairs, you’ll have to pay to have done in the near future.
Buying a Used Mobile Home Can Sometimes Negate All Moving Costs
It’s very common for used mobile homes to be situated on a property where they can stay. You may have to pay a monthly fee to keep the home on location, but it will save you a lot of money because you won’t have to pay to move it. Take the time to find out if there are any rules or regulations for the property where the home is located. You want to be sure that you can abide by those guidelines before buying the home because if it doesn’t work out, you’ll have to pay to have it moved or sell it to someone else.
Used Mobile Homes Are Often Affordable to Repair
Since used mobile homes are often a year or more old, finding the necessary parts to make repairs is often easier than it is for newer models. Repairing a used mobile home is often far more affordable than a newer model because repair companies already have experience working on them and can gain access to the necessary parts with ease.
Financing for a Used Home Can Sometimes be Easier
When you need to finance the purchase of your mobile home, it can sometimes be easier to get financing for a used model. This is because the cost is often far less and because the home often doesn’t have to be moved. Since the home doesn’t cost as much, your monthly payments will be lower, too.
It’s important to keep an open mind when it comes to buying a mobile home. There are homes available in every price range imaginable, so it’s best to sit down and determine how much you can really afford to spend on your new home. Talk to a mobile home dealer in your area and find out what options are available to you. Mobile home dealers sell not only new mobile homes but often have quite a few used options available for purchase too.