The price of a mobile home is indeed far lower! According to the website Centris, the median price observed for a dwelling of this type—corresponding to a two- or three-bedroom apartment—in July 2023 was $160,000. An ideal situation for first-time homebuyers. They can live in a mobile home for a few years as they save for larger downpayment for a second property. It should be noted that a downpayment isn’t always needed to purchase a mobile home.
No Immediate Neighbours
This is a noteworthy advantage! One potential downside of living in a condo or rental apartment is the uncomfortable proximity with your neighbours: above, below, on either side. Mobile homes offer significantly more privacy, in addition to a yard where you can set up a dining or play area, for example.
A mobile home is typically constructed in a factory, according to strict production standards. Therefore, you can be certain that you’re buying a quality home. If you opt for a new mobile home, factory manufacturing also means you can expect the house to be delivered on time (indeed, rarely do external factors such as weather impact the building process).
No Notarized Paperwork
As a notary is not required for this type of real estate transaction, you will save on this professional’s fees. But you can still hire a real estate agent if you decide to opt for a mobile home. From start to finish, they can help at every stage of the process, from finding the property that best suits your needs to securing a fair purchase price.
You will easily find the exact type of community you wish to live in since mobile home parks are typically geared toward a specific clientele. For example, some have been planned with retired residents in mind while others have been tailored to the needs of young families. In this regard, 25 years ago, it was rare to see children in a mobile home park, but today it’s common. You could likewise choose a park near services and entertainment venues, such as a corner store or a beach. Sometimes, park residents even form quite close-knit communities, just like in a campground.
Not Responsible for Utilities
Usually, a mobile home owner cannot purchase the land on which this type on dwelling is installed: the entire park belongs to a single landlord who rents each lot. All the owners—or, more precisely, tenants—can enjoy utilities, such as a sewage system and snow removal, for a monthly fee, without the worry of having to deal with breakdowns.