Home Buying in 85641>Question Details

Kathleen Rar…, Home Owner in 85641

Is an older manufactured home on rural acreage near Tucson a good investment as a second home?

Asked by Kathleen Rarey, 85641 Sat Aug 6, 2011

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1
good evening katheleen...several things to consider...is the home on a foundation or the wheels?...if it's on a foundation, that's best..also, what year was it built?..how old is old?...it will have a plate that states the date of manufacture..
i suggest you have the well and septic checked...
if you are considering financing it...it may be a bit more difficult...lastly...how many acres?..if it's on a foundation, you will be given credit for the value of the home and the first five acres on a residential mortgage appraisal....if it's a large parcel..you'll need more down and have to go to a local bank or credit union for financing.....
hope that helps..
best regards
bob mcclure
percentPlus
0 votes Thank Flag Link Sat Aug 6, 2011
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