I am considering purchasing a manufactured home (only because it is on acreage) any advice?

Asked by Kathleen Johnsonsan Francisco/north Bay, Mon Oct 22, 2007

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Ute Ferdig, Agent, Auburn, CA
Mon Oct 22, 2007
Hello Kathleen. That's a good question and also a difficult one to answer as it really depends on what kind of market you are in. During the real estate boom, manufactured homes enjoyed unexpected appreciation, but now that the inventory of affordable stick-built homes is plentiful, manufactured homes have become again less desireable overall. Again, this is just a broad-sweep observation and things might be different in your market. If you plan on staying in this home for quite a few years, it may be worth your while. You'll also have to weigh the benefits of having land that you might otherwise not have if you were to buy a stick-built home for the same price. One of the question is how important the land is to you. What are you planning to do with it? Will you have horses? Are you into gardening? I know that many people think they want to have acreage but they don't really have plan for the land. In the end, it's really a personal decision and it's impossible to predict how the market for manufactured homes on acreage will develop. Most likely you'll be fine as long as the home is not too old which would limit financing option down the road. Best of luck to you.
Web Reference:  http://www.theMLShub.com
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Ruthless, , 60558
Mon Oct 22, 2007
The advantage is that it has plumbing, electric and sewer or equivalent. The quality of manufactured homes are actually very good. The disadvantage is resale value. If you plan to built eventually, it should be good for you.
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