Mobile and manufactured homes have a reputation with some people that they really don’t deserve. This less-than-flattering reputation can often make others think that investing in a mobile or manufactured house is a bad call, but that couldn’t be further from the truth. In fact, investing in a mobile home is a great idea for a lot of people—often, it’s a better option than renting an apartment. We’ll go over why mobile homes are a good investment so you can make a more informed decision for your housing situation.
Lower Upfront Cost
It’s no secret that you’ll pay much less for a mobile or manufactured home than you would for a standard one. It’s arguably one of the biggest draws of mobile housing. It’s important to mention it, though, because having a lower upfront cost allows more people to get a home that they feel safe in and feel at home in. Homes shouldn’t just be for people who can pay a bunch of money upfront. Everyone deserves to feel like they have a home, no matter how much money they can pay up top.
Lower Long-Term Maintenance Costs
Another reason why mobile homes are a good investment is that they take much less money to maintain over time. Many people fall into the trap of buying a larger and more expensive home without thinking about how much it costs to keep that home. Even something a simple as air conditioning or heating costs a lot more when you have a larger home. These costs add up quickly in larger homes, which can take away from their value as a long-term investment.
Less Value Loss Over Time
Owning any home is a good thing because you can build equity over time. It’s important to remember that you are at the mercy of the housing market, though. The market even affects mobile homeowners, but not nearly to the extent of standard homeowners. If you paid a certain amount of money for a standard home, but the market causes it to lose 20 percent of its value, the total value loss will be much lower for a mobile home than a standard one. This means that mobile homes are often the better option in a turbulent housing market.
Excellent Introduction to Homeownership
In today’s day and age, not everyone can buy a full-sized house as soon as they leave high school or college; it just isn’t as feasible as it once was. Many people turn to apartments because of this, but apartments don’t allow you to start building useful equity. If you’re looking for a safe investment for your future, a mobile or manufactured home may be the exact thing you need.
For a wide selection of modular homes in Carencro, Louisiana, Evangeline Home Center is sure to have one that fits your and your family’s needs. We’ll gladly help you through the process of finding your next home.