Mobile Home vs. Manufactured Home

By
Real Estate Broker/Owner with MBA Broker Consultants CalBRE Broker #00983670

Mobile homes and manufactured homes are pre-fabricated houses (often called “coaches”) that are manufactured off-site and hauled in to the site. What’s the difference between a mobile home and a manufactured home? Typically a mobile home refers to a unit that was built before mid-1975, and is also known as a “pre-HUD” home. Manufactured homes, built after 1975, conform to a higher quality standard imposed by HUD.

Manufactured homes offer many benefits. Affordability is often a driving factor, because values are much lower than a single family home. It’s wonderful that most mobile home parks include amenities such as a swimming pool, spa, clubhouse, and parks. Residents prefer manufactured homes over condos, because they want a home that has NO common walls with neighbors. Senior parks often have planned activities and events which foster a strong sense of community.

The main drawback for manufactured homes is the lack of competitive financing rates and terms. So even though a mobile home may be priced lower than a detached stick-built home, it may be difficult or impossible for first home buyers to purchase. Older coaches were constructed with sub-standard processes (by today’s standards), so there may be continual repairs and maintenance. Yard space is very minimal. Another challenge is the lack of garage space, as most coaches come standard with only a carport.

Some manufactured homes allow you to own the land (your lot) and others you will have a pay monthly rent for your land. Mobile home parks are highly restrictive, so be sure to read their list of rules and regulations before you make an offer to purchase.

Make an appointment to meet with the manager and bring your real estate advisor with you. Ask questions. Pet owners, for example, should ask: Are pets allowed? How many and what size? Do they have to stay indoors? Where can you walk them? Regarding residents, does every occupant need to apply and get approved by the management? How long can visitors stay? Can you rent out your home later on?

Read more in our book, "Buy Your First Home", http://tinyurl.com/dy2wjx4.

 

 

Posted by

Regina P. Brown
Broker, Realtor®, M.B.A., e-Pro, GREEN
California DRE # 00983670
www.CalCoastCountry.com

                

Text copyright © 2011-2018 R.P. Brown, All Rights Reserved

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Rainer
126,987
Robert Fowler - 55CommunityGuide.com
President of Retirement Media Inc. - Braselton, GA
55+, Active Adult and Retirement Communities

Good explanation of manufactured homes.  There is that other term "modular homes" that is out there too. Have a good definition for that one?

Jan 27, 2014 07:12 PM #1
Rainmaker
4,432,533
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Regina, Good information. I will bookmark this and share it with others.

Jan 27, 2014 08:01 PM #2
Rainmaker
1,966,547
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

Just don't use that "T" word.  (Hint: trailer) The older ones serve the purpose and you could give them away and be further ahead when you do move to a home with the savings on rent while you are getting ready to buy. Don't add additions because you create a mongrel, Frankenstein.

Jan 27, 2014 09:15 PM #3
Rainer
106,853
Rob Marken
Bend River Realty - Bend, OR
25+ years experience in Bend

Thanks for sharing that clearification.  I have a few clients looking into purchasing a "mobile" or "manufactured" home and they were unsure about the difference.  What a great and easy way to explain the different to them!  Thanks

Jan 28, 2014 12:52 AM #4
Rainmaker
525,202
Regina P. Brown
MBA Broker Consultants - Carlsbad, CA
M.B.A., Broker, Instructor

Thank you all for dropping by and sharing your wonderful comments.

Feb 02, 2014 03:02 PM #5
Rainmaker
525,202
Regina P. Brown
MBA Broker Consultants - Carlsbad, CA
M.B.A., Broker, Instructor

Robert, great question!  Modular homes are prefabricated in pieces to be assembled on site, or manufactured at warehouse and shipped to the site.  Manufactured homes are a type of modular homes, but there are other types as well.

Feb 16, 2014 05:48 AM #6
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Rainmaker
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Regina P. Brown

M.B.A., Broker, Instructor
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