A mobile home costs less than half of what traditional housing costs, largely in part because these homes are placed in communities, or “parks” and the land is leased. In other words, the homeowner owns the house but not the land. Some people still refer to these manufactured homes as “trailers”, but mobile homes provide the buyer an alternative to traditional homeownership at substantial savings. These days, the economy and job market makes traditional home buying tough, but many are exploring the option of buying manufactured homes.

Folks get the lingo mixed up sometimes, but to sum up, mobile homes are built in factories and then towed to a mobile home community, where they are placed. Modular homes (there are several kinds) are built in factories. Many different methods are used to build. Then the sections of the home are typically transported to a lot owned by the homeowners where the modular home is assembled. Demanding construction and safety codes are followed when building manufactured homes, just like building codes and traditional homes.

There are foreclosures on mobile homes, just as there are with traditional homes. Banks are ready to unload their inventory of bank-owned mobile homes and often you can find great buys. There’s a high demand for mobile homes, because as today’s economy reduces buying options, more folks look into this option as an affordable way to be a homeowner. Like regular homes, an inspection is necessary before buying any manufactured home. Make sure systems such as structure, electrical, plumbing, and HVAC are all working before you sign.

Find out more about purchasing mobile homes or modular homes by going online to your local realtor’s website. You can also search a number of multiple listing service sites like Trulia or Zillow to search and learn.

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