Inside The 20 Washington State Manufactured Homes Ideas - 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.
Having a mobile home these days is a good economic sense in this time of global crisis. With a proper plan and a careful study you can transform it to look just like any other stick built home and worthy of your investment. But when you consider that having a smaller home and yard to care for could make the difference in leaving you with some time and energy to enjoy your retirement years.