With a smaller footprint and modern building materials, the upkeep is generally less demanding and less expensive. The Downside: The "Depreciation" Trap
When you attach a manufactured home to a permanent foundation on land you own, it is usually reclassified as "real property." This makes it easier to get a traditional mortgage, and the entire package (land + home) is much more likely to appreciate in value over time. The Verdict is buying a mobile home a good idea
If you don't own the land the home sits on, the home itself will likely depreciate over time. With a smaller footprint and modern building materials,
If you rent a lot in a mobile home park, you are subject to rent hikes and park rules. If the park owner sells the land to a developer, moving a modern double-wide can cost $10,000–$20,000—assuming the home can survive the move. The "Sweet Spot" Strategy If you rent a lot in a mobile