Keel Team LLC BBB Business Review

10 Lesser-Known Facts About Mobile Homes

lesser known facts about mobile homes

Here are 10 lesser-known facts about mobile homes:

1. Built to HUD Standards:

Since 1976, all mobile homes have been built to strict standards set by the U.S. Department of Housing and Urban Development (HUD), ensuring safety and durability comparable to traditional homes.

2. Not Always Mobile:

Despite the name, most mobile homes are never moved after installation due to the high cost of relocation and the complexity of the process.

3. Wind Zone Requirements:

Manufactured homes are built to specific wind zone standards depending on their location, especially in hurricane-prone areas, making them safer in extreme weather.

4. Customization Options:

Modern mobile homes are highly customizable, with options for upscale interiors, energy-efficient features, and even smart home technology.

Download my FREE eBook, and explore the top 20 things I’ve learned from investing in this exciting asset class!

5. Multi-Section Homes:

Many manufactured homes today are “multi-section” or double-wide, offering floor plans and layouts that rival those of traditional homes in size and comfort.

6. Fire Safety:

Statistically, manufactured homes built after 1976 are just as fire-resistant as site-built homes, thanks to updated construction materials and regulations.

7. Longevity:

With proper maintenance, modern mobile homes can last 50 years or more, challenging the misconception that they have a short lifespan.

8. Increasing Appreciation:

While mobile homes historically depreciate, homes in desirable locations, especially on owned land, can actually increase in value.

9. Tax Differences:

Depending on how they are classified (real estate vs. personal property), manufactured housing can be subject to different tax rules, with some homeowners paying lower property taxes.

    10. Alternative Foundations:

    While some mobile homes are placed on wheels, many are set on permanent foundations, like crawl spaces or basements, which helps with stability and financing options.

    Learn more about mobile home park investing.

    Interested in learning more about mobile home park investing? Get in touch with us today to find out more.

    Disclaimer:

    The information provided is for informational purposes only and is not investment advice or a guarantee of any kind. We do not guarantee profitability. Make investment decisions based on your own research and consult registered financial and legal professionals. We are not registered financial or legal professionals and do not provide personalized investment recommendations.

    View The Previous or Next Post

    You May Also Like