SHOCKING Hidden Costs Of Manufactured (Mobile) Homes

[@revilsdr]

I purchased a new manufactured doublewide in Oct 2023 from Clayton Homes in Southeast Texas and put it on a piece of land that I owned. I did septic and well also. I would be more than happy to share my experience with Clayton unfortunately not all of it has been positive. I like the home, but there's tons of things I wished I'd known prior to dealing with Clayton Homes and their dealerships. I love your channel and would be more than happy to share a very honest review of Clayton Homes buying/build/loan process and the caliber of warranty service they provide after you're in the home for you viewers.

[@AnnAndNala]

I'd love to hear it as well!

[@revilsdr]

@@AnnAndNala I owned a stick built home before I went through the process of buying a manufactured home and I wish I would've found this channel before I did because it's a way different process. Many of the manufactured homes that are made today are built under the Clayton Warren Buffet umbrella and of course they own Vanderbilt Mortgage one of the preferred manufactured home lenders they want you to use to finance so they can rake you over the coals. I would also avoid Cascade Mortgage along with Vanderbilt Mortgage they have much higher rates and fees for their manufactured home loans.

[@RustyYorkThievery]

hearing your well and septic experience and cost would be interesting and very little said about. i realize area specific but still it would provide general idea of what to expect and look for in land.

[@eckankar7756]

make a video and post it on KZbin.

[@eddenoy321]

Please make a video

[@goombabear]

If you are going to buy a manufactured home, buy a new bare-basics double wide and put it on land. And put it on a concrete block foundation. You can always fix up the home after you've bought it. You can remove the strips, fill, sand, and paint the walls. You can put in nicer cabinets in the kitchen. Don't buy an old mobile home. It's not worth it. They are full of mold, sinking floors, have poor insulation, and a whole host of other problems.

[@REAL-ow3nu]

I agree gooma

[@inflationsux]

Dont forget polybutylene pipes which is a disaster. They should be priced at give away prices but people buy them

[@intentionalhome]

Best advice ever thank you 🙏🏽

[@dmark6699]

Sound advice thanks.

[@cindars]

Some of us here in AZ joke that we can't even afford mobile home parks because the lot rents are $700+ and don't include utilities.

[@cherylcampbell7495]

That’s why Don Purse is so rich.

[@araci88]

I don’t get what’s the point of buying a home and still paying rent 😥😥😥😳😳

[@eddenoy321]

@@araci88 Usually your lot rent will be much less than rent on an apartment of the same size, but the main point is that you have no common walls and much more privacy. One downside is that if you buy the home , you are responsible for repairs and upgrades. There are pluses and minuses in every case. That is how I see it.

[@eckankar7756]

Make more income.

[@jeran881]

Yup. I think the trailer park is the new American dream but that is also priced out for most of us. We need to go back to teepees or something.

[@Hoffmanpack]

Got one for 1,000$ 1969 model, stuffed with junk. Cost 5k to move it and renovate it. New carpet and thew everything away. Went from 900 a month rent down to 300 and 3 extra bedrooms and 1 extra bathroom. Nobody above me or below me. I never should have hesitated!.life changing.

[@eckankar7756]

cleaver solution to a problem. now invest that saved money rather than spend it.

[@God-Love-Freedom]

Glad it worked out for you!

[@YeshuaKingMessiah]

If ur young to to do that work Go for it!

[@REAL-ow3nu]

Sounds like %100 complete garbage😅

[@Hoffmanpack]

@@REAL-ow3nu it was a mess and a risk

[@lindawilson4625]

LOL! "Kicked off the lots..." Everyone considering going into a tinyhome, mfg home, etc. really would do themselves a HUGE favor by watching your videos FIRST. Forewarned is forearmed. THANKS!

[@jagilo9677]

We had one built for my son in 2019 in Georgia. We had a few upgrades and extra strapping Level III even for MS. We ended up buying the house but my son actually got divorced before it was even delivered. Pandemic happened and we were able to sell it without ever taking possession of the home. During the pandemic the wait list of a new manufactured home was forever! A doctor was moving back to MS to be with his mom, they needed a home to move on their land. Because the house never left the seller’s lot, luckily it retained its value. The home was absolutely beautiful! It cost us $52K with a lot of upgrades. I can tell you without hesitation the doctor was absolutely impressed because we put high grade appliances, sinks and tubs and extra insulation. We chose 14 inch separation of floor studs instead of the wider studs we saw everywhere. We had beautiful high grade windows and quite solid doors. We had roof AC and not on floors and added ceiling insulation. That same home today is very likely $100K or more. The finished home did not feel like a manufactured home at all. It was solid! Sound proof! We bought it from a small private guy Scooch in Columbus MS and he was great.

[@jasonmerlino3903]

You forgot the most important thing, you must make sure you get the converted to real property certificate. It's not considered real estate until it's placed on a permanent foundation and has been certified. If the seller doesn't have that certificate it can be difficult to track down a copy. If your a real estate agent don't waste your time unless that certificate is available because the deal will fall apart.

[@LynnSharp-s5r]

I own & live in a 3 bdrm Modular Home built by Skyline in 2008. It has 2×4 Walls and the Windows also have storm windows. It is by FAR the BEST Investment for me. No Steps Everything is 1 Level. My Electric runs me around $80mo-$120mo. Winter thru Summer. I bought it after owning a House raising Kids 4 plus.

[@erics3101]

Excellent, and I just remodeled a modular that I was surprised to find it had 2x6 walls😳

[@lindacurtis3513]

Bought a new double wide in 2002 with 1/2 acre and new Septic ststem,Well. One loan, and appprox. 65,000 total. Made in Northern Indiana at Patriot Homes.Thought it was decent and it was affordable. Then the issues began and any warranty seemed to disappear. Not angry because i bought a Manufacturered home .Lived in many when married to my Army husband .I blame the Manufacturer and the Dealer .!!!!

[@natnielsen8472]

Hi Linda, You are absolutely correct - blame the company - not the entire manufactured home community of builders. Also, it is so important for purchasers to do their homework and research before making any purchase. You and your husband sadly failed to do this. Yes, up front, you would have paid a little more for a top tiered home. Just like any other purchase:, homes, cars, boats, etc. Doing research would have paid off and would have given you the top choices in the manufactured home industry to pick from. Thank you for being honest in your comment:-)

[@pineda4333]

Just purchased our 2nd mobile home 2024, set it down on concrete founfation, 1 acre land paid for cash, gave 30%down on mobile home, payment is only $535, septic paid for cash, seller paid for water and electric meters, if this is your option make sure yoy wil own the land.. as there is no point in buying a mobile home if you need to rent the land..

[@miriamseidel8463]

How much did property tax increase between if u didn't put on a concrete foundation? Unless you are in tornado alley, I wouldn't put on concrete foundation until ready to sell it. Cause property taxes w/real estate on it (concrete foundation) vs using tie-downs (land only) can make property tax 10x the amount.

[@ddg7694]

@@pineda4333 It’s still on blocks right?

[@StephanieStone4737]

My mother lived in a mobile home park since 1986. She passed away a year ago on Tuesday, and to my horror, she was paying them just under $700 a month for no amenities beyond water/sewer. That is an outrage. There is no swimming pool, nothing. Someone is making bank.

[@KristinaSmallhorn]

OMG, Thats criminal.

[@djack915]

This gal is the TRUTH 😊

[@specialk2514]

Been waiting for a video that explains these various homes...and you always do this well. Thank you.

[@suzannakoizumi8605]

I plan to buy a mobile home in a year or so. I appreciate the information.

[@ALongLongWaytoGO]

Having watched a LOT of videos lately for modular homes…I am blown away of the cost….living here in SE Tx these things are exceeding the cost of site built homes. Unfortunately also….just the word modular causes depreciation….so even though they’re built to the same standards or better….your going to loose money on the home itself…now if you improve the property you may be able to appreciate a little back. Being in this situation with our current home ( a Clayton built modular home ) we have been shafted by our taxes increasing for value yet our resale values are suffering with comparative site built homes….no matter what we do…..crown molding..granite countertops…no seams whatsoever in our house….full sheet rock…..it’s still a modular home…..

[@DeniseCold]

HUD really needs to come in and regulate the mobile home parks. We were thinking of moving into one and read Google reviews that rents had gone up three times in one year. Crazy! In Utah most of the rents are up to 1000K and climbing. Especially in 55+ Communities where everyone would be on a fixed income. If HUD would step in and finance co-ops for the residents, it would be so helpful.

[@letusgrow2gether801]

Ms. Smallhorn, you are the Real Estate Whisperer!! So much VALUABLE INFORMATION is in this video … equivalent to Royal Jewels!!

[@khadijahdavis1572]

KZbin need to let us have the option to 'like' a video more than once lol, better yet, throw a love❤️ button up there😁, because kristina is the best, she has great sense of humor and she gives great info...

[@ChrisMcCorkle-c7n]

Great information as always. I brought one last year I love it Always buy from a local dealership instead of the big brands because of those extras are already in the price.

[@karenscookingkorner]

It’s going to cost me almost 10K to close on a $50K manufactured house. Super frustrating and insurance is out of hand $2,400 per year!

[@John1908-vo1iv]

Why so high? Closing cost is based on the value.

[@karenscookingkorner]

@@John1908-vo1iv They want 10% down, I have to pay the agent selling the home their fee, 3% origination fee, appraisal fees and Inspection fees. No one will give me a quote lower than 2,400 for insurance. I’ve called numerous places.

[@mapguy32]

@@John1908-vo1ivbecause insurance companies have stopped writing new policies and are non renewing existing mobile home insurance. The remaining carriers can charge what they want.

[@Omar_Zazzle]

Where in the world do you live? Your insurance is too expensive. Do you live in Time Square or Red Square?

[@karenscookingkorner]

@@Omar_Zazzle lol Florida 🤦‍♀️ so frustrating. I can’t afford housing. It’s out of hand and I can’t find a solution

[@Soundhertzfrequency]

I watched all the commercials and didn’t skip!!

[@basil8760]

Educational very interesting great content informative. Ty for sharing. Enjoyed it.

[@bratcat4433]

Just happened upon you, wow! You are a wealth of information! Thank you for a very informative video.

[@spacecaptain9188]

Can you do one on building a bare minimum house, like vanilla boxes, or shell with core houses? It would be super helpful to know what the actual bare legal minimum house would consist of, and cost, without the technically unnecessary "extras", like wood flooring, interior walls, trim, paint, cabinetry, appliances, etc.. It seems like we should be able to save money by dealing with all of that stuff ourselves, after moving in.

[@KristinaSmallhorn]

Oh! This is a very good 👍🏻 idea. Thank you!!

[@jakebredthauer5100]

I had never heard of this. I am not sure what to think of it. Why not just do a regular site build? It would be a custom build and more expensive because manufacturers don't like to do special things. Not many people like that sort of house. Another thing you could just buy a house that needs repairing.

[@YeshuaKingMessiah]

A sink A toilet Is bare minimum for all states No cooking ability needed even! No window. Ofc states have their own huge lists sometimes - “it’s not a bedroom without a closet & window” yada yada But some areas of some states are more allowing for minimal living. Harder to find tho

[@inflationsux]

This would be area specific. Check with your local county building inspector or your municipality. Interview general contractors for pricing to get a home to the stage you want. Again prices vary by location. Read the building code that applies to your location again varies by location which version they use and make ammendments to. There is a reason homes cost so much and contractors charge so much.

[@gsxellence]

Kristina is the best 💯🤠🤗

[@traxxi2003]

Could you talk about the financing options available for someone who already owns the land. Could the land be used as collateral and count as a down payment for a FHA loan? This is when buying a brand new manufactured home.

[@KristinaSmallhorn]

Saving this to interview someone specifically on this. Since I’m not a lender I don’t want to miss any vital information.

[@karenredding9439]

I did this back in the early eighties. I had 10 acres, but I divided off my land for the manufacturer home. When you use your land for collateral and if you end up not being able to make payments, you only lose the land you put up for collateral. I had to survey and give the other property a right away. Each state has different rules for dividing land, and you would have to inquire. I hired a lawyer to get my property divided with an right away to the back property. Take survey to your lawyer.

[@ShalomShalom-d5c]

Yes, most Ive checked with in NC can cover lot + more home or just m home.

[@pineda4333]

@@KristinaSmallhorn if you own your land they have different options, you can get mobile with zero down , 3% or 5 % what ever you like. I had my land paid as well. I got the mobile with 20% by choice and to have lower payments. But you do have a choice in what you do. As for other things such septic I was quoted $14k rolled to the mobile from mobile homes price and I paid cash for the installation $8400. Try to pay for as Much as you can in cash or other finance options

[@Beatricegove733]

I recently sold my condo for $400k and i want to invest the money in the stock market. However, it appears the market is at an all-time high. Should I invest elsewhere or wait for a market correction?

[@PatrickFitzgerald-cx6io]

The stock market is risky But staying on the sidelines is riskier. Missing the next bull run will be far more costly to your long-term wealth than getting in at the "right price". Consult a financial advisor if you're unsure how to proceed.

[@brucemichelle5689.]

You're right, I and a few Neighbours in Bel-Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 37% in the last quarter

[@Justinmeyer1000]

Mind if I look up your advisr please? I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now

[@brucemichelle5689.]

I've experimented with a few over the past years, but I've stuck with the popularly ‘’Aileen Gertrude Tippy’’ for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up.

[@Justinmeyer1000]

Thank you for the lead, searched Aileen by her full name and at once spotted her consulting page, she seems highly professional having over 12 years of experience. amazing!

[@stephencarlisle6339]

I am currently in the process of buying a Bravo double wide. My current thought process is to buy the home and refinance with a local lender. I own my 13 acres and already have well and septic system. There are no local lenders that offer a manufactured home building loan.

[@marvingarden4587]

Thank you - your videos are so helpful! I learned a lot today, not everything I wanted to hear, but a valuable life lesson nonetheless.

[@dantheman9395]

There has some people trying to sell their mobile homes for so ridiculous prices. It’s crazy

[@John1908-vo1iv]

Agree, seen one from 1982, not on a basement. With few acres listed at 300k. I bet no insurance company will insure this one.

[@gsxellence]

Yes, and it's always,**"must be moved"

[@dantheman9395]

@@gsxellence i’ll see where they try to get 100 grand for one in a mobile home park lol. Didn’t even own the land

[@bentleymalshi7953]

"Dog Eat Dog" world in the manufactured home industry that was once viable alternative to traditional home ownership .. And that world got even smaller when billionaire Warren Buffett got involved in the industry with the purchase of Clayton Homes. Soon his wealthy followers followed suit and got into the industry and saturated the market .

[@Hoffmanpack]

​@@dantheman9395yea? 5 years apt. rent at 1k per month is 120 grand.

[@JessicaFerri-um4hf]

Great videos, really informative. Much appreciated 👍

[@goombabear]

I agree about 21st Mortgage. That's the one my husband and I used. Very competent staff and an easy process. Few banks know how to finance manufactured homes, but this company does.

[@AnnAndNala]

Thank you. I always appreciate your content. It's helpful and hopeful.

[@arccroses9061]

I do believe the "multi unit manufactured home" is one of the duplex style models. I Just watched Chance's Mobile Home tours go through one a few weeks ago.

[@AzerinaM]

I went through 21st mortgage, I came with great credit, my interest rate was almost 12%.. 😱😱😭😭.. so, I paid the mortgage for about 5 months then paid cash on the loan to pay it off. I am not going to pay that much for interest on a 30 yr loan.. I was trying to build my credit up a bit more, but yeah, I was getting ripped off so I noped out 😂

[@spacecaptain9188]

cool! Can you do one of these on Steel Barndominiums? I'd love to learn about both buying them and building them cheaply ourselves.

[@mikeh66]

BARNDOMINIUMS! YES!

[@resurrectionsunday4164]

Ooh yes! Steel building and container homes please please please 🙏 😊

[@AnnAndNala]

Yes please!

[@jakebredthauer5100]

The idea of putting wood into the ground is now considered poor quality and not necessary.

[@ShalomShalom-d5c]

Most counties dont allow them but if they do, make you build them so heavy duty they are 2x more pricey than stick built.

[@janetmacdonald2823]

Aluminum wiring before 1976, fire risk. And some drywall from "🙄 - yes, the usual place" has corroded wiring in walls. Teardown to studs, many bitten by the cheaply made drywall. We stopped buying food from there, ke😮

[@SarahS1214]

Thank you for the great video! SO much helpful information! Did not know that about wells etc.

[@natnielsen8472]

The "well" explanation is the same with a stick built home as a manufactured home.

[@lisapitts9518]

We bought a Brand New home in a community with a 3% interest rate for 15 years.

[@adrianruiz8690]

@@lisapitts9518 where?!

[@janetbusener6326]

Consider moving to areas where border crossers come from. Laten Anerica is way cheaper and affordable for retirees and remote workers.

[@nokosha1]

Wow! I was schooled today. Thank you for the info, I learned so much. 😊

[@janiceperkins4340]

I was surprised to hear that some HOA's can raise fees at will !😳 Mine can not! Any fees increase must be approved by a majority vote!😊 And do not take affect until the next Annual dues are to be paid (usually January) We have all the amenities (pool, spa, gym, pickleball, shuffleboard, Bingo,Library, etc.) We just voted an increase from $328yr to $386yr the first increase in 10+ years 😁

[@Knowledge-b6o]

May I ask where you live?

[@janiceperkins4340]

@@Knowledge-b6o Mesa

[@DeniseCold]

There's only one Co-op in Salt Lake I can find. It's still $695/month but the others in the area are about $1100/month

[@elsarave-williams6839]

Fleetwood Anthem series is multi unit manufactured. They are HUD approved duplexes.

[@dondefenthaler4587]

Amazing video! I sell plenty of manufactured homes and I learned a lot from this very detailed and accurate video!

[@gail995]

I bought my 2002 manufactured home in 2013 for 48k. Sold it it in 2022 for 123k. It was on a rented lot in a park too.

[@thomas6502]

Thanks Kristina. We love your channel and appreciate your experience! We'd be curious for more info on finding a co-op (for that matter any approaches that challenge the incumbent players are garnering interest as confidence wanes in the status quo). Without getting "too far out there", are there other property or community approaches that have traction and folks willing to share experiences? (Fwiw, we see the ratio between price and income widening around us and suspect many folks in the area have found a hack... of course homelessness here is also increasing at alarming levels, so maybe not.)

[@KristinaSmallhorn]

This is the best resource about a co-op rocusa.org/ they will point you in the right direction.

[@Roxy1990]

Just bought my manufacturer home almost 3 yrs ago. On a ace of land. However, they charged me 250,000 for this place in Sc. We are in a great area, so I believe we will get more back, especially since the renovation we have put into it.

[@mikeh66]

GREAT VIDEO!

[@randiD123]

Farm Bureau insirance in your state is a fairly priced insurer for home owners. Also, GEICO will write it, but there's no telling what company underwrites it.

[@natnielsen8472]

There are quite a few insurance companies that insure manufactured homes. Progressive is low cost.

[@Gingerhomeandgarden]

The inspector will tell you how to treat the well prior or after the initial tests.. all our homes are stick built but well/septic it's not that scary. We live rural out in the country. Insurance is higher if you don't have city water and fire hydrants.

[@pilydumbolton5548]

Hi Kristina, my husband and I are planning to moved to small town in north AZ, we just got a 1 acre lot, where fence and septic tank are on schedule. We are planning to sell our house, pay our debts and give a down payment on a new double wide manufactured home in about 5 years. Any advice you can give us I truly appreciate it. Thank you 😊

[@bentleymalshi7953]

According to one commenter, if "manufactured housing is just like any form of housing" with "large and small ticket items," then we should be able to choose the type of housing we want and can afford to buy without falling into the trap of cannot afford to buy. And the latter has been the experience of hundreds of millions of Americans in the last few years, who once were able to opt for singlewide manufactured homes as the least expensive alternative to more expensive site-built, modular, and even double or triple wide manufactured homes, that includes cheaper lot rents in mobile home parks compared to expensive rentals. What happened to those choices of affordable housing that kept families American from being homeless and/or compelled to rent expensive home and apartments or manufactured homes ? Gone, because of corporate greed that our government officials allowed for whatever reasons unbeknownst to the American people, that keeps them guessing on when the madness will stop. As for the extra features ("bells and whistles ") that people are supposed to want in these manufactured homes, they are quickly learning to do away with those niceties on in their homes and would settle for just a roof over their heads they could comfortably call their own, especially in today's political and economic uncertainties. So those desires for "bells and whistles " in new homes are dwindling down fast and will soon be disappearing. Then we'll be forced to go "back to basics," as the saying goes (if that's even possible for most people's thinking) for the sake of survival during hard times.

[@annak804]

Problem is money is worth less every year and they don't build homes that are cheap enough to buy for most people on standard pay

[@khadijahdavis1572]

I love this channel 😊

[@mariadln777]

Very informative. Thank you.

[@EarlBalentine]

Today I am in a Community that has spots for 50 RV's and hundreds of spots for Park Models and manufacture models. The RV. sites are $650 to $750 per month plus electric depending on what seasons. The Park Model and Manufacture homes sites are $560 per mon th plus utilities. They have many amenities and great shopping location. Location is Dewey AZ.

[@jeran881]

Does Walmart still sell tents? Or is squatting still allowed?

[@AnnAndNala]

Right?! Or those dome like enclosures. Those withstand extreme cold and heat.

[@lecardios]

I believe California allows the homeless to squat legally.

[@Israel777]

What about property improvements before the home delivery in situations where the land in to low and equals too the ditch line?

[@Knowledge-b6o]

Excellent video!!!! New subscriber!!

[@KristinaSmallhorn]

Awesomeness! Thank you. Welcome to the channel.

[@Doc1855]

Friends of ours bought a new manufactured home 6 years ago. A couple of years ago they wanted to refinance at a lower interest rate. Their credit score is very high. They own their vehicles, but because it’s a manufactured home on their own property they couldn’t refinance it.

[@christophertanyaseifried5672]

I've seen many negative reviews pertaining to mold in new Champion manufactured homes. Is this a true issue or an exaggerated problem?

[@jeannemchin7245]

One of the worst decisions is to buy in a mobile home park where you rent the land. There is a big REIT company that overcharges for utilities, refuses to repair rented homes, threatens to evict anyone that complains, tries to force a renter to purchase the trailer (at the price they deem it to be valued at, demand a down payment, force you to finance with them, pay extra frees, and has refused to make repairs since you moved in) However, when they are trying to force you to buy a rented trailer, they don't disclose interest rates, terms, length or conditions of the loan). Or, they tell you that the trailer you are buying has a free and clear title when in fact they have not paid taxes on the property for several years. They try to trick you into paying the back taxes so that you can get the trailer in your name. If you bring up the fact they owe back taxes they say "go ahead and pay them and we will reimburse you". Then they don't reimburse you. My Dad lived in a mobile home park where you owned the land under the mobile home. He didn't have any problems. Living in a lot rent community is in every way a rip off.

[@bentleymalshi7953]

A manufactured home, especially a singlewide, is simple in design and floor plan options; as it should be because of its limited space. But the manufacturers are always trying to sell the buyers on unnecessary "bells and whistles" to charge more. Thus, making the affordability of even traditional singlewides out of reach for many buyers looking for affordable housing.

[@natnielsen8472]

Bently, Manufactured housing is just like any form of housing. It is like any large ticket or small ticket item we purchase. The purchaser can choose the low cost item or add the extras they deem necessary in order to make them happy. Every form of housing is no different. You can not single out manufactured homes and treat them differently. That is the beauty of choice. A purchaser gets to choose the extra goodies they desire to add on to their home - as with any other new home purchased anywhere.

[@bentleymalshi7953]

@@natnielsen8472 You're "preaching to the choir " that "manufactured housing is just like any form of housing" with "large and small ticket items." If that's the case, then we should be able to choose the type of housing we want and can afford to buy without falling into the trap of cannot afford to buy. And the latter has been the experience of tens of millions of Americans lately, who once were able to opt for singlewide manufactured homes as the least expensive alternative to more expensive site-built home, modular homes, and even double or triple wide manufactured homes, that includes cheaper lot rents in mobile home parks compared to expensive home and apartment rentals. What happened to those choices of affordable housing that kept families American from being homeless and/or compelled to rent expensive home and apartments or manufactured homes ? Gone, because of corporate greed that our government officials allowed for whatever reasons unbeknownst to the American people that keeps them guessing when the madness will stop. As for the "goodies" that people supposed to want in these manufactured homes, people are learning to do away with those extra features on their homes and just want a roof over their heads they could comfortably call their own, especially in today's political and economic uncertainties. So those "choices " that you mentioned are dwindling down fast and will soon be disappearing. And we'll be forced to go "back to basics," as the saying goes, which we should (if that's even possible for most people' thinking)---for the sake of survival during hard times.

[@bentleymalshi7953]

@@natnielsen8472 You're "preaching to the choir " that "manufactured housing is just like any form of housing" with "large and small ticket items." If that's the case, then we should be able to choose the type of housing we want and can afford to buy without falling into the trap of cannot afford to buy. And the latter has been the experience of tens of millions of Americans lately, who once were able to opt for singlewide manufactured homes as the least expensive alternative to more expensive site-built home, modular homes, and even double or triple wide manufactured homes, that includes cheaper lot rents in mobile home parks compared to expensive rentals. What happened to those choices of affordable housing that kept families American from being homeless and/or compelled to rent expensive home and apartments or manufactured homes ? Gone, because of corporate greed that our government officials allowed for whatever reasons unbeknownst to the American people that keeps them guessing on when the madness will stop. As for the "goodies" that people supposed to want in these manufactured homes, people are learning to do away with those extra features on their homes and just want a roof over their heads they could comfortably call their own, especially in today's political and economic uncertainties. So those "choices " that you mentioned are dwindling down fast and will soon be disappearing. And we'll be forced to go "back to basics," as the saying goes, which we should (if that's even possible for most people' thinking)---for the sake of survival during hard times.

[@bentleymalshi7953]

@@natnielsen8472My reply to you is not posting (?), so I reposted it as a new comment.

[@jeanmckinney7589]

Great information, what about regulations on rent? If you can afford the home and then find out rents can be as high as 1500.00 . Buying a lot can be a hassle , !

[@janiceperkins4340]

Depends on where you live! In Arizona many mobile home communities are strictly HOA (you own the land but pay HOA fees which can vary greatly from $400a year to $500 a month for a gated community with Security) I know the Host said otherwise, but in AZ, the property owners have to approve any increase in HOA fees 🤷‍♀️

[@DawnRich-t2l]

We were having problems with our mobile home/rv and when we called the warranty company because of one of two problems with the toilet and the warranty company told us that they would fix it “ONLY” IF WE TRANSPORTED THE WHOLE THING DOWN TO THEIR REPAIR WAREHOUSE as they weren’t willing to come out and fix it 🤷🏿‍♀️🤷🏿‍♀️🤷🏿‍♀️ ☹️

[@maryg.7790]

I may have asked this before, but what about replacing a 90 year old run down home with a modular?

[@maryg.7790]

I should have said it's on a city lot that I own already so the hassle and cost of demolition and bringing In a modular to replace it?

[@ChrisSalinas-v5k]

My friend lived in a trailer home and what was holing it together was wall paper .

[@erics3101]

D*** girl! That was awesome, so much rapid-fire information that I need, thank you!❤

[@cherylcampbell7495]

Sun city Az has aluminum wiring in the older homes. They catch fire.

[@natnielsen8472]

The aluminum wiring was pre 1976. This was back in the day when the side walls were thin and the wiring ran unprotected through holes in the narrow studs.

[@eckankar7756]

If they are still standing since 1976 evidently they didn't burn up.

[@janiceperkins4340]

Can't get Financing for anything prior to '76

[@johnharts2463]

A multi unit mobile home is a double wide or triple wide.

[@patrickbennett439]

Its messed up that some areas dont allow mobile homes when like you said, they are built to the same standard if not better than a stick home.

[@judycook2151]

You are SOOOOOOO "WELL" INFORMED!!! WOW!

[@evelynrogers7145]

Thanks for the info

[@glenhill2034]

I work on homes and rentals as well. it not cheep for labor and materials.

[@karleells6540]

Is there a worse term than “double wide?”

[@sharonjoachim2602]

Hi Kristina, My daughter needs help on this situation ,she and dad bought a mobile home/single wife on 5 acres in 2018. ..it is ownerfinancing ..however she is needing more space to raise a family..she wants to trade in the single wide on a new used double widemanufactured home ..how does she handled it? Can we get a link from you to ask questions! She only owes $30,000. Wouldn’t she has equity. Please help! Thank you!🙏

[@natebrigadier]

To my knowledge you can’t just trade in a home like a used car.. You could have the buyer be responsible for moving the home off land but typically I’ve seen the seller help in most cases. Why not keep the home and rent out and also put a double wide on the 5 acres of land? If played correctly they could be paying for the mortgage of the single wide.

[@KristinaSmallhorn]

To handle the situation where your daughter wants to trade in her single-wide mobile home for a double-wide, here are some key steps and considerations based on the information I found: 1. **Trade-In Process**: Many manufactured home retailers offer trade-in programs where the value of the current home can be used towards the down payment for a new home. It’s important to understand how the trade-in value is assessed, which can depend on the home’s condition, age, and the market value as per guides like NADA. Local dealers usually conduct an in-person evaluation to determine this value www.claytonhomes.com/studio/how-to-trade-in-a-manufactured-home/) [](www.claytonhomes.com/studio/buy-a-new-or-pre-owned-mobile-home/). 2. **Financing the Upgrade**: If the trade-in value doesn't fully cover the cost of the double-wide, additional financing might be necessary. Your daughter could consider options like a new owner-financed arrangement or traditional mortgages. Fannie Mae's MH Advantage program offers financing options for newer, higher-standard manufactured homes, which might offer favorable terms compared to standard loans FAQ: Manufactured Housing | Fannie Mae](singlefamily.fanniemae.com/faq-manufactured-housing). 3. **Owner Financing**: Since the current home was bought with owner financing, it might be possible to arrange a similar deal for the new home, potentially with the same lender if they are amenable to adjusting the terms for the upgrade. 4. **Equity Assessment**: Before proceeding, it's crucial to establish how much equity your daughter has in her current home. This is the difference between its market value and the amount still owed. If her home has appreciated in value or she has made substantial improvements, her equity might be considerable and useful in reducing the amount she needs to finance. 5. **Professional Advice**: Consulting with a real estate agent who specializes in manufactured homes or a financial advisor can provide personalized insights and help navigate the complexities of trading in a manufactured home and securing the best financial arrangement. For more detailed information on trade-ins and to explore specific options available in your area, your daughter can visit manufactured home retailers or use online resources like those offered by Clayton Homes and other specialized websites. These resources provide comprehensive guides on the trade-in process, financing options, and other necessary details to make an informed decision l Clayton Studio](www.claytonhomes.com/studio/buy-a-new-or-pre-owned-mobile-home/).

[@natnielsen8472]

Sharon, I read all of the replies to your comment. You didn't mention the age of the home or the condition. Is the home on any type of permanent foundation? What is the condition of the home? Also, it is a terrible idea to involve a real estate agent. You're daughter is already in a contract and real estate agents have little to absolutely no experience in mobile/manufactured housing. Yes, a trade in may be possible - but, transporting the home she has now off of the property will up the price. This is something you need to find out up front. Also, the owner of the home has a large vested interest in what happens to the home because it isn't her legal home or land until she has paid off the contract. The true legal owner may not be willing to have your daughter trade off a home that does not belong to her. There are many reasons for this. Just think about it. This home, and the land, are not hers to mess with - please have her consult an attorney to look over her contract before she would advance any further.

[@janiceperkins4340]

​@jetjan 🤣🤣🤣 Seriously!? We bought ours in 2020 , for $158K we get notices from Redfin occasionally, it's now appraised at $230K You are sorely Uninformed! 😂😂

[@jasonholmes6137]

This helped I was thinking about a new mnf home it is a double wide in a park is listed MLS and I want so much info on the park it's in this home is already on the lot and turnkey do you have any advise on ohio laws regarding this process

[@MusicLover-ui9sm]

Here in Myrtle Beach and all the surrounding areas Mobile homes are extremely expensive Even very old mobile homes Insane prices Anyone can google Mobile homes for sale in Myrtle Beach South Carolina Or Surfside South Carolina Murrells Inlet South Carolina Longs South Carolina Loris South Carolina North Myrtle Beach South Carolina And Aynor South Carolina Garden City South Carolina Most all of the mobile homes do not have land with them And the lot rents are insane prices per month

[@jda72]

You are 100% correct I looked at one just south of Myrtle in 2019 it was over 100,00$ and you had to pay about 600$ per month for maintenance and the lot rent also had to buy flood insurance and this home was probably a 1970's or 80's model. My fear would be someone buying the place for development and then you have to move out.

[@cindyguerrero3802]

California stop writing insurance for mobile and manufacture homes. Everyone I know including family members recv a non renewable notice. Keep in mind they do not live near the coast at all.

[@ocean1233]

YOU ARE AWESOME ‼️👏👏👏👏👏📢📢📢📢 EXCELLENT INFORMATION

[@peterdement]

A home with no value actually has negative value: the cost of permits, removal and disposal/dump fees, utility relocations, hazardous waste disposal fees. etc.

[@Ms.Corliss]

In Tucson Arizona do you have to use the new manufactured homes finance company or can you get your own financing? Does anyone know?

[@MsTasha217]

$3000 to $6000? A septic system can run from anywhere from 12,000 to 24,000 in my area. If you are on a septic, you have a septic inspection separate well as well.

[@anor94]

If a storm re: tornado or hurricane, it doesn't matter if you live in a brick house it can be destroyed..

[@keywestalert6329]

I have to sell my house and move into a smaller and cheaper house due to an increase in the cost of living increasing. I will be losing $75k in the deal. I will also be overpaying for the cheaper home because of the bubble. Literally overpaying $100k or so. So increasing my loses to $175k. Unbelievable because I just lost 10 years of work in 1 transaction. No wonder people are going crrazy!

[@cathy1944]

Ugh, so much to learn.

[@jeaninefiandaca5355]

Looking to purchase land and the single wide 1983 mobile home in Florida. They are attached real property. Will I be able to get a loan for this? Or get denied because of the year?

[@Akaempres1]

Sadly, Many,Many Manufactured Home Parks are being bought up by Conglomerates, the park rent here,started out at $545.00 its now$ 850.00 with in a 3 year time frame. The water is next to use useable, the park rules are insane. No utilities, Poor trash pick up ,which is part of the park rent, This is a 55 plus park, average age of folks living here are over 65 on fixed incomes, disabled. The management of this park breaks the law with rent increases up to twice a year with no new contracts. And the park rents now being charged are making it super hard to sell a home. Where are these people supposed to live ?

[@KristinaSmallhorn]

@@Akaempres1 I’ve done several videos on this topic. It’s shameful.

[@424stormygirl]

Paying 100K or more for a hopped up trailer is nuts. You can buy 3 reg. homes for the price of one of these.

[@jda72]

Please tell me where I can buy these homes I am a investor.

[@ronaldedson496]

Befriend the contractors in park, have coffee ready. Those costs go down to minimal.

[@ocean1233]

3 bdrm/ 2 bth nice. SOLD for new manufactured home on own land. Much better ‼️

[@chuckfinley5206]

Only buy one if you know how to repair them. Mine is 35 years old.

[@Suzanne-f4x]

Why buy a tin can? Bad weather lofts them or crumbles them. Bad idea.

[@TheDogPa]

All I find is the modular homes all rip people off and there are always mostly bad reviews. Who can I possibly buy from, in East Texas, that can do ANYTHING right? PLEASE...HELP! :O)

[@everydaybladesinc]

They are all trailer houses and they all deprecate rapidly. That’s what they have in common.

[@complexpixel5297]

They may be built better than they were before 1976 but you still shouldn't stay in one while there are tornadoes running around your area

[@tommydortch]

It is rare .

[@evelynrogers7145]

Is there a particular person you could hire to go through the whole process with you?

[@Retiredatlast65]

Multi unit is a modular built home.

[@patientcustomer9876]

None of this happen to me or pay any extra fees.

[@luciusgorgo14]

Can you put a manufactured home on a foundation?