Asked by Jackie Brown, Pennsauken, NJ • Sat Mar 30, 2013
I am a first time homebuyer looking to buy a home and pay less a month than I do now renting (I currently rent a 1br apt for $1000/month plus util.) so that my fiance and I may save up for a real stick home. While home searching, i came across a manfactured/mobile home (2br, 1 bath and all newappliances and cabinets and full size washer and dryer included) for $18,000. It is located in a park with other MH, but looks very well kept. There are no property taxes, just a $20/month lot fee which includes water and sewer. Ive done my math and with prop. Fees andhomeowners ins and paying off the place and all utilities, it would be less than $500/month. This would give us the chance to have a slightly bigger place and more importantly save over $500/month for a stick home. We figure we could sell or rent the place once we were ready to move. It is located in a great area with new shopping center and a huge park nearby. Is this a waste of $? Would we get near $18,000 later on? Thanks
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