28 Modular Homes Ellsworth Maine For A Jolly Good Time - 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 are retiring and wanting to downsize your living arrangement, a mobile home park may not be on your list of areas to check out. Mobile home parks sometimes conjure up images of dirty streets and cluttered yards not anywhere a person who is house and community-proud would want to live. However, mobile home parks are changing to meet the demands of a growing demographic who want quiet, well-maintained communities where they can live in peace.