Manufactured homes, which is what mobile homes have been called since 1976, benefit from new technology and improvements to building practices. I feel like I'm missing some information here about why I wouldn't want to live in a mobile home park. I knew some people in the Navy who did so. But the actual materials are the same in a manufactured home as in a stick-built one. This requires a few differences in the way the HVAC unit of a mobile home is installed and designed. A study by the Manufactured Housing Institute, a manufacturer’s association, that was done in 1990 is more optimistic. If you bought a mobile home 15 years ago, you'd have no equity since you don't own the land and whatever you've paid for the mobile home has almost completely depreciated. The Worst Manufactured Homes Worst Manufactured Home #1: The Pre-1976 Built Home. Right here, you can see one of our mobile home remodel before and after gallery, there are many picture that you can found, do not miss them. The major difference is that manufactured homes sit on sheet I beams located under the floor joists. While the manufactured homes built today are better than what was around in the 1980s and 1990s, they will not hold value. The boards, panels, piping, and metal frame that dislike water only experience outdoor weather when they’re complete. Will a mobile home see me out? Sometimes the temporary housing issued by FEMA will look similar to the appearance of certain manufactured homes. for more on this. They're essentially just big RVs that can't be moved easily. Manufactured homes. Your first step is to find a homesite where you want to build your home. They really do not last longer than 15-20 years (at most), at least in any state that you'd want to live in. Our condo in San Diego was built in 1988. With fewer variables at play than in the field, the attention to detail and consistency of craft can dramatically heighten standards and outcomes for a new manufactured home. The difference is that "trailers" were last manufactured in 1973. The lifespan of mobile homes is a frequently discussed topic and a curious consideration. Manufactured housing has come a long way since the 1976 introduction of the HUD code. Reasons to Be Optimistic About the Longevity of Mobile Homes: Unlike site-built homes, the wood and metal that goes into a new manufactured home have been safely stored inside a building. We make it easy to stay updated with all things manufactured housing. These average about 600 to 1,300 square feet, and generally include one to two bedrooms and one to two bathrooms. Have you ever spent a night or longer in a mobile home? I know there's a negative stigma against mobile home parks, but I've never understood why. Thermostats usually are replaced before the end of their 35-year lifespan due to technological improvements. Why would a manufactured home wear out any faster than its counterparts? Be sure to check zoning and government restrictions regarding manufactured homes before you buy any land. We do live in 'tornado alley' but my parents have owned a good mobile home for 10+ years and never had issues, and all mobile parks are required to have tornado shelters. and the fact that, by design, the framing is reduced. Bloom However, given the same care as other types of homes, mobile homes should last forever. They are now regulated by state codes and are called manufactured homes. MHVillager. I bought a beater of a mobile home in college for $4100 (in a middle-upper class city in the Midwest), 60k seems very high. It's basically renting with a stigma. Get the latest home buying, renting, and selling insights delivered right to your inbox. So if you buy for for 60k you need to expect it to go down to near zero in value and be ready to buy a newer one. The article explores the average cost of the different kind of manufactured homes as well as the cost of land. However, the life expectancy of the manufactured home should be less of a concern. For mobile homes, this value means the amount you get when you sell the home. I'm not sure how they would stand up to CA natural disasters, but where I grew up (tornado alley), mobile homes/ manufactured homes were looked down upon because they were just plain not safe in a tornado. The installation process for a heat or air conditioning unit in a mobile home differs from a site-built home. This is another website that is about a specific lender. House is really not an option for us in our current salary situation. Your going to pay it off, and then in five years, It's going to be complete crap and your going to have to buy another mobile home with crappy building materials. The Three Types of Mobile Homes. It seems like the ridiculous savings along on living cost would be worth it. The homeowner looking to get the latest model home will sell the existing manufactured home to a buyer who needs and wants that home for their current place in life. Anyone that has been inside a mobile home knows this. Also not a lot of mobile home parks in nice parts of town in most of American cities. 5. I guess it would appeal to my minimalist tendencies, but I know it would be crazy to live in a boat with my wife, dog and hopefully future kids. An older study done in 1990 by the Manufactured Housing Institute placed the average life expectancy of a manufactured home at 55.8 years. Tankless water heaters last more than 20 years, while an electric or gas water heater has a life expectancy of about 10 years. I just don't think it's a simple apples-to-apples comparison in terms of the financial benefits. This rule is only for single-wide mobile homes and manufactured homes, almost all double-wide mobile homes have pitched roofs. The lifespan of mobile homes is a frequently discussed topic and a curious consideration. Understanding these differences is important when troubleshooting HVAC problems on a mobile home. News reports focus on manufactured home communities above all other property types when harsh weather is in the forecast. In addition, when storm damage does occur, the Federal Emergency Management Agency (FEMA) sends “temporary housing” to areas where people are displaced from all variety of homes. Where we live there is a very good market for buying and selling mobile homes. I'd try to go for a situation where it's someone that is dying to get out of their trailer. I guess how well they would stand up depends on how sturdy the manufacturing is, what type of ground they're on, and the topography of the land. They're a 2x4 frame wrapped in a thin veneer (not even 1/4" thick in a lot of cases). Once the boat is paid off, you just have to pay for the slip rental, and could get up and move whenever you wanted. Moneywise it may not be such a great deal, unless you're in an area where the housing market is insane, because you're not really building any equity in your living space. How long do manufactured homes last? I live in a 200 year old house. A lot of older people do both and travel around cheaply while living off their retirement savings. Trends (Resources) That's the beauty of a mobile home :). Except for the crappy polybutylene plumbing, everything else is in great shape. Reselling them seems harder also. Battery Life Batteries in all mobile devices degrade with time. Mobile Homes Can Be Financed. If it doesn't have a permanent foundation, banks often treat it like a car loan as well. The cutting and other manipulation of materials create less unused product than that of a site-built home. My wife and I live in Southern California, and pay $1475 a month to rent for a two bedroom near the beach. I prefer living at a marina on a boat because only around 10% of the slips at a marina have someone living on their boat. The perception that the life of a mobile home is shorter than other kinds of housing is off-base for a couple of primary reasons. Furnaces on average last 15-20 years, heat pumps 16 years, and air conditioning units 10-15 years. Homes do usually appreciate over time, if you factor that in you may not be saving much. Since 1976, the U.S. Department of Housing and Urban Development (HUD) has maintained a high level of quality inspection on all manufactured homes. This can lead to a notion that the previous home is out of commission. Sure, the manufactured home is lighter than the stick-built home. There are many homes over a century old. Rent is not cheap there. So - about how long does a mobile home last if kept well maintained? However, report showing that manufactured homes retain value much like site-built homes. With manufactured homes and other homes built in a factory, there’s a natural inclination to upgrade to a home that’s just been constructed. I'm not sure if a mobile home park might not be more crowded. The mobile home industry has faced more twists and turns and valleys and peaks than any other industry that I know. Thoughts? If you like the place, though, could work out. The only natural disasters we have here are earthquakes...occasionally flooding during horrible storms but that only affects homes that are in areas where water would pool. Compared to traditional, site-built homes, manufactured homes offer more bang for the buck in terms of dollar per square foot. I would imagine your cost of living would be minimal. Sellers (Resources) The walls and insulation are much thinner than in a actual house, which mainly boils down to higher heating/cooling cost. Homes Direct has an article that discusses the type of loans available: Top 6 Manufactured Home Loans. No, a trailer home will probably not last that long. Still, might be worth looking into and could still save us $700 a month or so. The number of mobile homes in the United States grew 16 percent from 1990 to 2000, reaching some 9 million--double the amount of mobile homes in existence in 1980. For a mobile home, a crew or independent contractor typically install the AC unit and furnace when it's being assembled on the property. My wife and I could care less about social stigma and just want to live somewhere reasonably safe. $200/mo is a great deal, but are you factoring in the cost of renting the land/space in the park also? The housing market here is completely insane. May be localized perceptions. Manufactured homes are made out of the same materials as any other kind of well-built home. So, neither the materials used or the construction process are designed to compromise the longevity of a mobile home, yet we are told that the average longevity of a mobile home is 30 to 55 years. Cheap ass quality building materials mostly stapled or glued together that can only be replaced by more of the same bought from mobile home dealers, not hardware stores. Have a property survey and a soil analysis conducted. Manufactured homes built to HUD code are built to last. I want to put a mobile home on my property. To put a mobile home on a piece of land that you own, you’ll need to look into state regulations, zoning regulations, and restrictions caused by private covenants. If you bought a home in Torrance or Redondo 15 years ago, your home is probably worth double today opposed to what you paid for it 15 years ago. Construction Timelines for Manufactured Homes Step One: Selections Time: As long as you need. This is mainly due to the absence of any masonry (bricks, fireplaces, etc.) So not as good a deal as I had thought at first. If you can get any information on how the prices of manufactured homes in that development performed over the last 10 years, how did that compare with single-family homes? I've also noticed that there is a distinct 'mobile home smell' that shows up after about a decade, no matter how well-kept the place is. HUD estimates that a mobile should last 30 to 55 years, depending on maintenance, and the Manufactured Housing Institute, an industry organization, pegs it more optimistically at 55.8 years. They really do not last longer than 15-20 years (at most), at least in any state that you'd want to live in. Of course, I've never lived in a brand new $60k one. An older study done in 1990 by the Manufactured Housing Institute placed the average life expectancy of a manufactured home at 55.8 years. But most of us don’t have the money to do that (at least I don’t). New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Is there a difference in the expected lifespan of mobile homes built in the 80's vs. 90's vs. 2000's? Lifestyle (Resources) Step 2: Land Purchase. State regulations. And you may or may not enjoy mobile park life. So it's really quiet and has a really nice view. Comparison of data from 2016, 2017,2018 to 2019. All the plumbing, all the fixtures, all the fasteners are unique to the industry, oftentimes to the brand, making inferior products more expensive and more maddening to repair or replace. Visit out blog post What is the life expectancy of a mobile home? That said, if you do the math and it's a good deal, and you're happy with the neighborhood and the amenities, it could be a perfectly fine decision to live in one if it allows you to save a lot of money that you can apply to other financial goals. Clayton Built® manufactured and modular homes are built to very high standards of structural strength and durability so that you as a homeowner will not have to worry about unnecessary upkeep or the hassle of repairs. Built to Last. Yeah, after some google-fu it looks like you have to rent the space it sits on too. The building code and enhanced home installation practices for manufactured homes have entirely countered the notion that home built in a factory are particularly susceptible to weather. A stick-built home is also made out of wood and metal. However, some of the stereotypes and negative perceptions of this era still haunt the modern industry. I'm considering buying one in a nice part of town so I can still have a two bedroom that's not in the ghetto, but pay approximately $200 a month on the mortgage instead of $1475 on rent. Also as was mentioned, you'll need to rent out a lot for it to live out of. Why would a manufactured home wear out any faster than its counterparts? 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