Prior to 1976, mobile homes were also called trailers because they were homes on wheels. However, the production, design and government regulations have changed the trailers to resembles homes and modern-day campers. They mobile homes are still movable. Michigan mobile homes for sale have many advantages over a site-build single family home, it generally has more amenities and space for the money.
Types of Mobile Homes in Michigan
Mobile homes are sold in two ways: single-wide or double-wide home. A single-wide home has a narrow frame. Inside the home, rooms are connected to each other and not separated by a hallway. A double-wide home is larger than the single-wide and look more like a traditional single-family home. In fact, it is about twice the side of the smaller home because two single-wide units are attached together.
The homeowner may choose to upgrade their mobile home to have a different look inside and out such as a sub-flooring, vinyl and carpeting There are several different sub-floorings used in mobile homes. They should be at least 7 R-value. A higher pitched roof is important for Michigan winters. This way snow does pile onto the roof.
Finding a Mobile Home and Location of it
A person wanting to buy a mobile home will usually have to find a location when they want to live. In rural Michigan, lenders often provide land-home packages to buyers. This bundles land and the mobile home together. This may be a better investment option. Many mobile home buyers decide to rent lots in mobile home parks instead of buying a lot and placing the home on it.
Mobile Home Loan Options for a Buyer
Financing a mobile home is different than buying a traditional single-family home. The government has different rules for mobile homes depending on the age and condition of the mobile home. For instance, a double-wide home financing rules depend on the type of loan a home buyer chooses. This means that a person wanting to buy a mobile home more than 15 years old may not qualify for a conventional mortgage loan.
Another rule is that government-backed loans are not permitted when mobile homes are not originally set. The “original set” mean the mobile home is in the original place. It broke down in one place, then it was moved to another place.
Picking the Right Mobile Home
Buying a mobile home generally costs less than a traditional single-family home. It may have a lower down payment requirement to buy the mobile home. A home buyer should always remember the choice of a mobile home depends on the budget and home preferences. The buyer knows if they want a single or double-wide mobile home and other amenities.
Before buying a mobile home it is important to determine which location in Michigan is best along with any upgrades are needed on the mobile home. Also, investigate the different loans available to help finance the mobile home.