If you are able to buy and hold for 15+ years you may realize appreciation of about $50K or so at the end of that time due to interest of companies such as Tesla that will foster further growth of infrastructure such as medical and commerce/shopping centers. However, consider what we found out just by doing our research online along with 25+ years experience in the industry of industrial chemical disposal:
*Distance: Apx. 50 miles from medical and major shopping centers.
*Water: All wells throughout Lyon County require reverse osmosis due to 100+ year old pollution from mining as far back as gold rush days up to present day mining and industrial activity. We visited 2 separate homeowners in this area, the 1st had outright Parkinson's disease. The second had a tremor in her hands and regretted that they failed to install the proper water filtration system when they bought their home 7 years ago. Arsenic is the main identified heavy metal but there are several others including the radioactive ones that can only be filtered out professionally to EPA standards & even then, if you are on public water it is always advisable to filter your water further for optimal health
*Mohave Green rattlesnake is present in the area so if you are looking at rural property and have children you need to keep dangers such as these in mind and be prepared!... more
There are standards of construction that many use to define Manufactured vs Modular. Manufactured actually describes them all but more specifically, modular refers to a dwelling that was not site built but moved from its place of construction to it final location and placed on a foundation.
The standard of construction is what you want to be specific about. Homes that were built to the UBC Code ... that is Unified Building code ... are basically the same quality as site built homes and tend to be considered the best. They have the same construction standard as homes constructed on site.
Newer manufactured home are vastly different from the older trailers that proceeded them. Whether manufactured or modular, newer home today are both fine places to live!
RE/MAX Realty Affiliates
1320 Hwy 395
Gardnerville, NV 89410
There is financing available for mobile/manufactured homes, with (fee simple) or without (land lease) the land being a part of the property being financed.
When there isn't land as part of the property being financed, it is called a "chattel" loan and interest rates are generally about 3-4% higher than if you were to have land as part of the property. These homes are on what is called a "land lease" since you are leasing the land from another individual or company, separate from the mobile home itself. These are most common in mobile home parks, but it is not exclusive to those parks.
When there is land as part of the property being financed, the home was built on or after June 15, 1976, and it's permanently affixed to the foundation, then it is eligible for FHA, VA, USDA and even Fannie Mae & Freddie Mac (conforming) financing. However the sources for manufactured home lending has majorly dried up over the past few years, but it is still available. Special item to note: with USDA financing the manufactured home has to be brand new/never been lived in, and needs to be built by a USDA approved manufactured home builder/dealer (the USDA office in your area will have a list).
Now what are these homes in Stagecoach like?
I helped someone buy a manufactured home with FHA financing in Battle Mountain, NV once, unfortunately we do not have any manufactured home loan programs anymore, but if you need it I can point you in the right direction.... more