I may decide it's too much of a gamble for me because I'm not an investor (who could average out gains and losses across several properties)--this would be my one home.
Does anyone know if manufactured homes have the same issues as wood frame site built homes? (Is their construction such that they are even more at risk for termites, or less so because they usually sit up off the ground?) I'm asking because I've seen a few listings in 55-plus co-ops and condo associations that appeal to me (apart from the wood frame issue).
I do already know they're very hard to find insurance for and the insurance is expensive due to their being at risk for damage in a hurricane--I'm wondering specifically about the termite issue with them.
You have indeed stumbled across one of Florida home buyer's major points of concern. .."stick built" homes. They are more difficult to insure and finance and because of this are at best a difficult sell. There are several other issues associated with this type of construction: Wood destroying organisms(WDO's), the inability to withstand high winds during severe storms, and their deminished values lead the way as reasons why to avoid these housing options.
Hope this is helpful.
Clearly some people do buy them so it is not a total deal breaker. Just get a good inspector.