If you don't own the land the home sits on, the home itself will likely depreciate over time.
You want to lower your cost of living, you plan to live there for a long time, or you own the land. is buying a mobile home a good idea
Are you looking to buy a directly from a dealer, or are you considering a pre-owned home in an established community? If you don't own the land the home
Because they are often classified as personal property (chattel) rather than real estate, interest rates on loans can be significantly higher than standard mortgage rates. Because they are often classified as personal property
The biggest hurdle is how the home holds its value. Unlike traditional real estate, which usually appreciates because the land goes up in value, a mobile home is often treated like a vehicle.
If you rent a lot in a mobile home park, you are subject to rent hikes and park rules. If the park owner sells the land to a developer, moving a modern double-wide can cost $10,000–$20,000—assuming the home can survive the move. The "Sweet Spot" Strategy
With a smaller footprint and modern building materials, the upkeep is generally less demanding and less expensive. The Downside: The "Depreciation" Trap