Buying a mobile home (also called manufactured home) is an affordable and convenient option for many homebuyers. These homes are built in a factory and then transported to their final destination, where they are set up on a foundation.
Because of their construction process, mobile homes are often less expensive than traditional stick-built homes. They can be an excellent option for first-time homebuyers or for those who are on a tight budget.
Our mobile homes in Sacramento are a serene oasis tucked into a forested enclave. From the idyllic country neighborhood setting to the hustle and bustle of Sacramento, you will find peace and serenity here.
However, there are a few things that you should be aware of when considering purchasing a mobile home. Read the tips below to be confident in your decision and find the perfect home for you and your family.
Tip 1: Know what you want
Knowing your target price and financing options before you engage in the buying journey is your best strategy against high-pressure sales tactics. Do as much research as you can. Determine which manufacturer you like best and your favorite floor plan and features.
Tip 2: Research the manufacturer
Look for a company with a good reputation and a history of building high-quality homes. You can do this by checking online reviews and asking for recommendations. It may also be a good idea to visit a mobile home community and talk to residents about their experiences with the homes and the manufacturer.
Tip 3: Consider the location
Mobile homes can be placed on various foundations, including concrete slabs, crawlspaces, and basements. Choosing a location is essential as it affects the home’s value and resale potential. You may also want a site that’s near schools, shopping, and other amenities.
If you intend to locate your new home on private property, make sure that local housing agencies will authorize mobile home placement and any restrictions placed on the installation. If you choose a land-lease mobile home community, familiarize yourself with the rules and regulations of the park.
Tip 4: Understand the financing options
Cost is a major consideration when buying a mobile home. You will need to calculate your budget to account for your down payment, projected maximum monthly mortgage payment, insurance premiums, existing installment payments, utilities, etc.
Financing a mobile home can be different than financing a traditional stick-built home. Many mortgage lenders do not offer loans for mobile homes, so it’s best to research your available financing options.
Some mobile home dealers offer in-house financing. But these loans may have higher interest rates and fees. It’s good to shop around and compare rates from different lenders.
Tip 5: Don’t be afraid to negotiate the price
Mobile home dealerships may mark up the price and utilize holdbacks. This means a profit is built into the home’s invoice price, so dealers will still profit based on the holdback even if you buy a home at invoice.
Some dealers will talk to you about monthly payment amounts instead of the total price. But don’t let them talk you into naming a monthly payment that you would pay. You want to negotiate on the home’s total price, not the monthly costs.
Tip 6: Get a professional inspection
Just like with any other type of home, you should have a mobile home inspected by a professional before purchasing. A professional inspector can identify any potential issues with the home, such as structural problems or faulty appliances.
This can save you a lot of money in the long run by allowing you to negotiate for repairs or credits before closing on the home.
Tip 7: Understand the community rules
If you are purchasing a mobile home in a community, be sure to understand the rules and regulations of the community. Some of these rules may include restrictions on the age of the home, the type of foundation it is placed on, and the type of landscaping allowed.
Tip 8: Understand the warranty
Most mobile homes come with a warranty from the manufacturer. This warranty covers the home for a certain period and protects against defects in materials and workmanship.
Understanding the terms of the warranty and what it covers before purchasing a mobile home is critical as it not only keeps you informed of your rights but it also exists to protect your investment.
In the same way, failing to read and understand the terms of the warranty could lead to problems or unexpected expenses in the future.
Tip 9: Decide on the installation options
Once you have chosen the home, you must decide on the transporters, carpenters, and installers. Most issues that arise after installation are caused by faulty transportation and installation, so you want the absolute best people doing the work.
Dealerships often use only one company, but you should research any companies involved just as you would any contractor.
Tip 10: Give yourself time to think
Refrain from rushing through the process of purchasing a mobile home. This can help keep you from making rash and poor decisions. Allow yourself time for thorough research and due diligence.
By taking your time and not feeling rushed, you can ensure that you are making a well-informed decision that you feel comfortable with and that you are getting the best value for your money.
Buying a Mobile Home in our Senior Community in Sacramento
Mobile homes are an excellent option for many homebuyers. But you must first research and understand the unique aspects of buying a mobile home. This means researching the manufacturer and the home model, visiting the home in person to inspect it, and reviewing the terms of the warranty carefully to understand what is and is not covered.
Knowing these tips, don’t hesitate to visit Country Squire Estates, a mobile home park in Sacramento, CA and check out their stunning amenities and facilities.
To learn more, drop us a message here.
