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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.
