Mobile Home Checklist: What You Need to Know Before Buying One

Now is a good time to invest in a mobile home. You may be able to find a mobile home at a much lower price than traditional housing, which means you can realize your dream of home ownership without spending too much. Purchasing a mobile home also allows you to make decisions about design and layout, which isn’t possible when buying a house that’s already constructed.

While it can be a great decision, you must enter into the process fully informed. This guide explains a few important things to consider before making a down payment on the mobile home of your dreams.

1. Answer Some Basic Questions

If you know friends or family who currently own mobile homes, talk with them about their experience. You should also ask yourself the following questions:

  • How many bedrooms/bathrooms will you need?
  • Are there certain features you can’t go without?
  • Do you want a single, double, or triple-wide home?
  • Is green construction and sustainability important to you?
  • Do you plan on staying in one place for a while?

2. Look for a Suitable Location

You have two location options for your mobile home. You can lease space in a mobile home park, or you can set up on your own plot of land. Mobile home communities are great for families, as they usually offer common areas and fun activities. You may also have the option to buy the land you’re leasing at some point in the future.

If you have dreams of being a landowner and leading a more solitary lifestyle, you may want to purchase a plot of land outright. This process is more complex, as you may need to deal with things like road construction and utility installation. It’s also more expensive, but it’s more than worth it if you have it your budget.

3. Consider Your Financing Options

Financing a mobile home isn’t like financing a traditional home. You can secure a land and home financing package, which combines the costs of the home and the land you’re purchasing into one package. If you’re only purchasing the home and leasing in a mobile home park, you can apply for a traditional mortgage. Depending on the price of the home you’re buying, you may be able to apply for a personal loan, which cover smaller amounts of money.

We Can Answer Your Questions

No matter where you are on your mobile home buying journey, Fiesta Homes is here to help. We understand what a big decision buying a mobile home is, so we’ll guide you through every step of the process. We’ll answer your questions about mobile vs. manufactured homes, help you find the perfect floor plan, and even provide info on financing options. Please call (575) 525-4680 to speak with a friendly and knowledge representative or contact us for more information.