You Have To See These 29 Inspiring New Homes Spokane - Portable Homes – Mobile Homes – Manufactured Homes – Prefab Homes | Mobile Homes Club
Mobile homes are included under the category of real estate. Mobile homes built on fixed foundations are appreciating properties their values appreciate with the passage of time. Hence, after a few years the value of the mobile home will be much higher than what it was bought for. This difference is called mobile home equity. Equity on a mobile home is equal to the numerical difference between the appraisal value of the home and the value of the mortgage.
If you have been thinking about buying a home for your family, you will be very aware that the cost of buying a traditional stick-built home can be prohibitive. Home prices have soared, making it more difficult to take the plunge into homeownership. But what about a mobile home, also known as a manufactured home? The cost of owning one of these homes can be as little as half what it would cost to buy a traditional home, yet you still can enjoy many of the same features and floor plans. The best deal would be to buy a pre-owned mobile home, although it may require some repairs or renovation to bring it up to your standards. How does one go about sprucing up a mobile home?