The VERY COSTLY Differences Between Modular and Manufactured Homes

There is some confusion between modular and manufactured homes with that home buyers can be misinformed about which home will make them the most money when it’s time to sell. In this video, we will be going over the most costly differences in Modular homes and manufactured home so you can make the most profit when it’s time for you to sell your investment.
🔴 If you’d like some more videos on affordable housing: • Mobile Homes, Manufact...
🔴 Here are the 5 biggest MYTHS of Manufactured Homes, • 5 Biggest Lies About M...
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[@KristinaSmallhorn]

Are You Thinking Of Buying A *Modular Or Manufactured Home* ? To Know More About The 5 * Biggest Lies About Manufactured Homes* kzbin.info/www/bejne/aoCVf6ZmiJZnfbc

[@mbrower3304]

l'm looking at both modular and manufactuted homes. lt depends on what kind of financing and insurance l qualify for. This will be within the next 4yrs. l did view your video about the lies about manufactured homes. lt was very informative.

[@midos6767]

My brother owns a modular home and it looks just like a site built house. It has a full finished basement..2x6 walls.. a 6/12 high-pitched roof.. has an attached garage, 4 bedrooms, 3 bathrooms and an acre of land.

[@sheriszajna-mckeon9902]

I have seen your video and appreciate all the information you have provided. I am looking at manufactured due to the fact that it is considered personal property and not taxed. Is it better to go with modular? Are there advantages to modular as well?

[@KristinaSmallhorn]

Sheri Szajna-McKeon if you plan on moving in the future the property will have more equity than it would of you go with a manufactured home.

[@sheriszajna-mckeon9902]

@@KristinaSmallhorn Thank you so very much! This will be our final resting place, lol. I am hesitant about a mortgage in my 50's but that's what life insurance is for, right?!? 1. I like the way modulars look. Is it possible to add a manufactured addition to make it look more like a house or would that be a mistake or not possible? 2. You mentioned something about not getting a loan from the dealer. Do banks and credit unions do land home packages? 3. Is a triple wide delivered on 3 trailers... thus freight x 3?

[@pumpkinpepsi]

I'm not trying to make money selling my home eventually though. I'm trying to buy a home to live in to make sure I'm never homeless again and make sure my kids always have a home.

[@propertiesbybryan1964]

Best wishes to you Pumpkin Flatt!

[@Blackcatsaregoodluck11]

That’s exactly how I feel as well!

[@LauraDickenson]

Bless you!

[@jessikalopez4710]

I feel the same way. But I don't know what the future has in store. If there comes a time when I'm forced to move, I'd like to know that I did better than renting.

[@ellachallas]

🙏🏼

[@waterheaterservices]

I will just be grateful to not end up living in a van, DOWN BY THE RIVER!

[@THEEINNERGOD]

Classic 😂

[@windsongshf]

I could do vanlife! 😊

[@marylaurenmcmath]

Funny enough that’s trending hahaha!

[@kojowilson1385]

😆😆😆😆

[@bosse641]

I would love to live in a cozy van. ...down by the river at a beautiful spot, and elsewhere. Like AdventureVanMan here on YT does. And to see amazing places everywhere. Seems to be an exciting and great way to live.

[@samTollefson]

Speaking as a retired builder, some years ago I put a couple modular homes together for a client that were permanently attached to a concrete foundation and I would say they were stronger than a conventional stick-built house simply based on the fact these things have to travel down the road at high speeds in halves. They have multiple 2x8 ridge beams and extra internal bracing that when the halves are bolted together create a much stronger unit. As a builder I kind of hate to say that but it's true!

[@davidjamesshaver]

Thank you for your honesty Sam :)

[@samTollefson]

@@davidjamesshaver Thank you! Sometimes the truth just has to be said, even if you don't particularly like it.

[@clanger]

Hi Sam! Thanks for your experience and honesty! Do you have any advice on finding a contractor to help install a prefab/modular home?

[@msk3905]

I wouldn’t think twice about buying a modular home as long as its secured as a stick built but will never consider a manufactured no matter what!

[@user-jk2hb5qq8r]

@@msk3905 what do you think the difference is between a modular home a manufactured? Thanks

[@rolandrosairemetayer2616]

My older brother purchased a manufactured home several years ago here in Quebec,( Canada) at the time, his friends thought that he was making a DUMB move. He paid the manufactured home off in a very short period of time and my brother always kept his manufactured home in tip top shape. He and his wife raised two children in that home. Today he has ZERO debts. Hence, I would change BANK ACCOUNTS with him any day. So, who gives a POS what type of home that you purchase as long as you have a ROOF over YOUR HEAD and that you are DEBT FREE !!! Cheers from Canada, snow country.

[@SandraAnnEvans]

THAT'S AWESOME!

[@bobbygetsbanned6049]

The point is, if you spend $50k on a manufactured home, that home will eventually be worth $0. If you spend $300k on a real house, that house will be worth more than $300K within a year, and keep increasing in value from there. In one instance you LOSE money, in the other you GAIN money. So if you want to make a smart financial decision it does matter.

[@JamieM470]

@@bobbygetsbanned6049 It may be worth more, but will the amount that it's worth exceed the amount you will pay in compound interest? Compound interest on $300k over 30 years of inflation......you'll probably wind up paying close to $1 million. And with this current insane economy? What if you lose your job? You'll lose everything. On the other hand, if you pay $50k and have zero debt, you can save or even invest that mortgage payment that you would have paid for 30 years, and you can wind up having the cash to buy your dream home & pay it in full. And still have no mortgage payments, & zero debt. So going into massive debt for 30 years may not be the "smart financial decision" you think it is.

[@guntcheck]

@@bobbygetsbanned6049 it will literally never be worth 0, unless it is condemned. A home is an investment, but, it is first and foremost, a home. If you secure shelter, debt free, by 30, then invest in funds, stock, small business, you'll make more profit, than using a home, as an investment

[@bobbygetsbanned6049]

@@guntcheck If you secure shelter, debt free, by 30? This isn't possible for most people, most people are going to have to rent until they buy, so that argument is a fantasy for most people. And no you will not make more investing in the stock market because that requires cash. A mortgage gives you access to the cheapest debt an individual has access to, so you're investing with someone else's money, for the cheapest rate you can possibly get. That it a great tool for people to use as long as they are smart enough to have reserves to get through hard times so they don't get foreclosed on. You can only invest in the stock market with your spare cash, so if you have $1,000/month to invest, which is a lot for most people, your investment starts at $1,000, with a house it would start with the total value of the house, about $300,000K on average in most areas. Both investments go up about 9%/year, so in 12 months you make less than $1,080 on your $12,000 cash investments while the home makes $27,000. There's no comparison, you will make more investing your in primary residence than you will in the market because of you're utilizing leverage, no financial adviser or research would ever tell you otherwise.

[@richardbutch1617]

I bought a new 30,000 dollar manufactured home in 1994, placed it on 3 acres in Florida and paid it off in about 9 years. So, from 2003 until present time I haven't had to worry about monthly payments or rent. Just had to pay land taxes once a year which is low compared to other areas in the US. It made it through Hurricane Irma a couple of years ago and is still in pretty good shape. Even if I gave it away for free, I have still saved a ton of money.

[@CD-vb9fi]

But you cannot do that today. The cost of many of these homes built, manufactured, mobile, or twig and spit are $100 per sqft to build now. While true the location matters most, the value of the built house grows the fastest and often times manufactured/mobile homes are built to trash specifications. Heck even built homes standards are poor as it is. Housing standards nearly everywhere are garbage. Leak like sieves, poorly insulated, and just about everyone of them with the cheapest possible materials that barely meet the meager standards required. The hurricanes have driven the prices of housing up far too much an nothing seems to be stopping the problem. I am betting we are going to be seeing another housing bust soon.

[@ratherbfishing455]

@@CD-vb9fi Maybe if you live outside of Austin? People can't afford a house in my city. They start at about $800,000.

[@biffmasterson9786]

Perhaps a better education system would be of benefit for you and your ilk

[@CD-vb9fi]

@@biffmasterson9786 This is not the product of any education system. It is the product of the culture. Perhaps "your ilk" deserved a better education system so you could have understood this?

[@eileenfostel2645]

I am considering the purchase of a manufactured home on leased land in a 55+ golf resort community. Should I run from this notion? Its very well cared for and a pretty area.

[@Alpha-to9od]

Here in California anything with a roof goes up in Value..

[@onomatopoeia162003]

yikes. Probably wouldn't be like that here in the majority of this state of MN.

[@KristinaSmallhorn]

So true.

[@msnpassjan2004]

I wonder if Las Vegas is the new California based on the surge of new residents from CA and the rapidly rising prices ?

[@SpecialPenguinnn]

That's why there are more homeless people there than anywhere else in the country hahahaha

[@italiaj.e2905]

That will definitely get worse. 🙄

[@perpetualmotion8090]

I am a single retired woman looking to get out of my horrible apartment when my lease is up in 6 months. I want to purchase a manufactured home to live out my retirement years and don't care about resale value since this will be my first and my last home. Whatever happens to it after I'm gone doesn't concern me.

[@traskstoneworks]

Have you chosen your location yet? In some places it's cheaper to live and property taxes are low. We are looking in the Tucson area, cheap food and low property tax. .

[@perpetualmotion8090]

@@traskstoneworks I found the perfect property for a manufactured home that is also near my family, but I can't find anyone to finance since I'm single on a small pension. I have to get out of this apartment and into my own home. Very discouraged.

[@sophiemckenzie7527]

I live in one and i love it we are retired been in my home for over 20 years id never buy a house again once its paid off the taxes will eat u up so i say live in one of theses i love mine ..

[@traskstoneworks]

@@sophiemckenzie7527 You find a low property tax state! That's why we dropped looking in California for a retirement place.

[@sophiemckenzie7527]

@@traskstoneworks i pay 12.89 a year i live in a community and i love it .id never live in California nor any state around there ..we owned a house in Virginia and sold it ..i hated Virginia came back to my home town in Michigan and we happy ..love my place and i have great neighbors ..we are blessed

[@jojo191234]

My grandmother bought a manufactured home for $26,000 less than 10 years ago in a community for cash. She is selling it and it has almost quadrupled in value. The housing market is nuts & don't let someone sway you out of living your best life

[@lucyfuir6386]

My grandparents purchased their manufactured home for around $30,000 in the late 80s. they recently passed and the home was sold for $110,000

[@sherriitsamea3476]

Lucy Fuir Most of that if not all is probably the value of the land.

[@lucyfuir6386]

@@sherriitsamea3476 not at all it was in an 55+ park

[@305Oski]

Yea in South Miami Dade these things are going for 100000 easy.

[@googleuser8448]

Lucy Fuir i dont believe that unless it was in a certain spot in commyforina.

[@lucyfuir6386]

@@googleuser8448Believe what u want. No need for me to lie.

[@barbaragraceful]

I bought a manufactured home 4 years ago, it is on a permanent foundation, in a gated 55+ community in Palm Springs area, and I got a mortgage. Its more attractive and comfortable than any other home I've ever lived in. It's more than doubled in value since I got it, very glad I did.

[@alibouland1671]

May I ask which company did you go with?

[@bangryman100]

I was in California years ago. They called them Pre-Fab homes. It was cool to see them set up up in a slab of concrete, because they dont have basements in California. But here in the east coast. I would want a basement. And I dont think those type of homes come built for that.

[@wootertooter45]

Hello . California is tough! You did very well . I am on the Central Coast and it is very expensive .

[@mikekellum6238]

Has not doubled in value. The money used to buy initially has lost its value. You only make money on a home if you buy and then sell in the same “ money value”. All you have achieved is it takes more green pieces of paper ,that has a lesser value, to buy the house you live in.

[@lljustice3877]

@@mikekellum6238 that’s not necessarily true either. Housing market plays by a different set of rules. I have a modular home that I bought for $62,000 in 2013. It just sold this past summer for $210,000 and we paid off the $40,000 we owed. A car worth $20,000 in 2013 certainly does not value at $75,000 today. That can be said about many other things as well. Now, if you try and purchase a home with what you made from the old house being sold right away then you will find you’re not getting much in return because they are all valued higher. We actually just paid cash ($72,000) for a manufactured home in Florida on 1 acre. We are in our 50’s and don’t need anything huge. Kids are grown. So now we have no mortgage anymore and $95,000 leftover.

[@vertihvost7675]

I bought a 3/2 trailer in Arizona for 33K in 2012. Now it’s 200K with multiple offers.

[@jodimckee6396]

My husband and I currently live in a manufactured home and we love it. We downsized from a 3000 sq ft home and love the financial freedom we now have. I think manufactured homes get a bad rap because you always see the run down homes on the news with the toothless dude in a sleeveless shirt out front talking about how the hurricane took out his house. I live in Louisiana so I can say that. Manufactured homes are no different than a regular home, they require regular maintenance and upkeep. We have replaced our roof with a metal roof, replaced windows, doors, flooring all kinds of stuff. No different than a regular home. Our place is 23 years old and no one believes us. It looks great! DO YOUR MAINTENANCE!

[@honeybadger2986]

Imagine, the realtor trying to dissuade people from choosing the option she benefits the least from.

[@alderaancrumbs6260]

We’re purchasing our first home. It’s a manufactured home built in 2014 and is on a fully-landscaped 6,670 sq/ft lot. The people who built and beautified it did an amazing job and it’s 5 times what it was worth 6 years ago. As long as we continue the legacy of beautification and maintenance, I have little doubt it’ll continue to grow in value. I love Dave Ramsey but he’s not always right on this. Final thought: Value is subjective and if you’re happy with your home, who cares what others think?

[@TexasLadyS]

Very well said!

[@damann2889]

I'm a real estate appraiser with 33 years of experience and I can state for a fact that, in the vast majority of cases, what Dave Ramsey said in this video is flat out wrong. Manufactured housing, just like site-built housing, cars, as well as with most commodities, appreciate and depreciate in value at the same time. Their rates of depreciation are driven by their economic lives (how long for which they're financially viable). While the economic life of manufactured housing is generally shorter than it is for site-built homes, a manufactured home's economic life is a lot closer to a site-built home's economic life than it is to a car's. The rates of appreciation for cars, homes and most other goods are mostly driven by how much it costs to replace them (how much a comparable new one costs). Again, these commodities appreciate and depreciate in value at the same time, but because the economic life of cars is much shorter than it is for manufactured housing and site-built homes, a car's rate of depreciation generally outpaces its rate of appreciation, meaning the value of cars usually go down, whereas the rates of appreciation for manufactured housing and site-built homes generally outpace their rates of depreciation, meaning the value of manufactured housing and site-built homes usually increase in value.

[@windsofmarchjourneyperrytr2823]

That guy was wrong about credit cards, too! You can actually MAKE FREE MONEY using them. Points/cash back...

[@stevenmark8156]

@@windsofmarchjourneyperrytr2823 Credit cards are great IF you can control them! A lot of people can’t control them and need to stay away from them. My wife and I have 4 credit cards and haven’t paid a dime of interest in 30 plus years. And like you say, we make a little money on them in rewards. But most of the people Dave Ramsey helps are people that need help because of credit cards getting out of control. So it all relative.

[@bevill72able]

Exactly. If you like your home and keep up the the maintenance and beautification of your own home...that's your home your living in...not other people.

[@christophiluslovingchristb5441]

Often, people have unique situations & having a manufactured home might be a plus. What we did is to buy land in the country, & a well-kept used single wide for 10,000, & lived in it as we built the house, then remodeled the mobile home into a woodworking shop. Sometimes a person can use strategy to make things work.

[@bobbygetsbanned6049]

Situations like that make a lot of sense. The problem is the weirdos in the mobile home cult on channels like this that all tell each other the value of their trailer will increase, then people see that and make terrible financial decisions.

[@slackerman9758]

Yep, I imagine that mobile home wasn’t 10k or less when new. There are many valid situations where mobile homes are the best choice. But mobile home buyers need to understand that the value of that structure will likely decline faster than in a traditional house.

[@jaimev840]

Very smart move buying land. This is where many buyers fail when purchasing Mobile homes/manufacture homes because the land is not theirs then later you hear cases of tenants getting kicked out of these gated communities. At least you have land you can always build or replace your home.

[@valnpaulvanorden]

There are double-wides galore up north in Michigan. Everywhere...like near Baldwin Michigan...70 miles north of grand rapids Mich. I wonder if they can keep bears out. Seriously.

[@oakleylee2362]

In today's climate, not many people can afford nice homes. You are either rich or poor, not in-between.

[@ReefHermit]

I’m in the process of purchasing a manufactured home and you’re right, the lender that was chosen for me has a ridiculous interest rate and fee. The manufactured home is $82,000 installed and the lender is tacking on as much as $17,000 and this is with a 20% down payment. Thank you for reminding me to shop around.🌹

[@porkchop10]

Lender chose for you? By the manufacturer, or did you shop around on a website that gave multiple rates?

[@windsofmarchjourneyperrytr2823]

17 grand for what exactly?

[@darchocla]

How many years are you paying for and what was your apr? $17000 could be generous or predatory depends. Most people will pay 1/3-2/3 the price of their home in interest over a 30 year loan.

[@ruthgunneson-poling1571]

Hopefully you didn't go ahead with that lender?

[@ScottMacDonaldP]

Lender here. I have done loans on tons of manufactured and modular homes. If your lender is sliding in 17k and forcing you to put 20% down you need to change lenders. I'm a lender in the south mostly in TN and GA. Let me know how I can help you get a better deal!

[@honeybear6647]

I’m planning on buying a manufactured home and put it on at least and acre of land with a permanent foundation. I don’t plan on selling it unless I’m so old I need to be in a nursing home. Things could change but if I’m not too worried about making money off the house. Living in an apartment now, I won’t make any money when I move. Even if I “lose” money selling the house, I’m still better off than living in an apartment.

[@pacorondon3680]

Great idea!! That's exactly what I'm planning todo, please give an idea how to put it in a foundation.

[@magicunicorn4070]

I'm 70, still living in an apartment, am on a fixed income, and the rent keeps going up. I currently pay 2/3 of my entire income on rent! I've been looking at hopefully buying a home in the next 2 years or so, and feel the same way you do.... not interested in making a profit because I will hopefully find a little haven that I can enjoy for the rest of my life. I just want to find a place where my monthly payments are affordable (or that I can pay cash for), and I don't have to keep worrying about how I'm going to eat every time I get smacked with a rent increase.

[@2011jojo]

Same thing me & hubby are planning we already own 2 acres, just need to decide on what to do next. Not planning on moving at all his career is where the land is.

[@pacorondon3680]

@Allen Loser Thank you, blessing.

[@rlucas12348]

Allen Loser You still have to have pier footings and tie downs by code. You just need to pour a perimeter footing so you can lay a foundation of brick or block around the perimeter to hide the tie downs and pier footings underneath. It also provides for some insulation to keep you pipes from freezing.

[@jimsutton3841]

I have had 4 homes and 3 of them were MH's 2 sold for more than what I paid and am now in an MF-Home Court 55 and over and ready to sell and it"s worth far more then what I paid for it. Stick built homes are very costly and I find that Manufactured Home offers just as much comfort as any stick-built.

[@ladybug9708]

I had a triple wide manufactured home and it was sooo beautiful! I loved it. We had it on a permanent foundation.

[@aliveandwell3958]

What happened to it?

[@terra5071]

One of the most important reasons for getting a modular home or manufactured home is the fact that you don't have to deal with home damages when your looking for a home. You may run into minor issues, but the company usually fixes these things. Plus modular or manufactured home can withstand high winds. I prefer something new without tons of damage before you even buy the place. I believe that modular and manufactured homes are the best way to live and are much safer and energy efficient for everyone!

[@H4Homestead]

I’m a Vet. Thank You for looking after my brothers and sisters

[@clynn4mk]

Thank you for your service!!! I meet with female vets once a week & they are amazing women! (I'm an Army brat myself.)

[@mememo3764]

I love the idea of vets getting into a home they can afford.

[@KristinaSmallhorn]

Me too! I can’t wait to see in come to fruition.

[@sgtrickards5683]

I'm a Vet. The problem is that nobody wants to work on these. Im in Sussex County, DE and builders try and stay away from these. I need some help in my crawlspace and can get NO help.

[@lovemusicbandchorus]

@@sgtrickards5683 Whatever you do, do NOT get anything done by a guy named Allen from Laurel. We had a contract with him, he took $15k and ran. BBB won't do anything, and we didnt have the money left to haul him into court to take his business license

[@TexasLadyS]

@@lovemusicbandchorus go ahead and file the lawsuit yourself. It costs very little to do it yourself and it’s really not hard to do. My DIL had that problem with a contractor and she filed her suit herself in small claims court. It was $12,000. She got a call one day from the Judge Joe Brown show asking if she was interested in settling her case on the show. She agreed, and so did the crooked contractor, so they did the show. She won and got her money back plus damages and the contractor lost nothing because she was paid by the show. Once you’ve filed your lawsuit, you can submit the info to the show and see if they’re interested. Make sure to include any information that could be a “hook” for the show like disabilities, veteran status, etc. For Becky, she’s an Army widow whose husband was killed in Afghanistan in 2011, and the mother of two young boys. Make sure you send pictures of the unfinished work as well. It’s not a guarantee but, it’s worth a shot. Best of luck!

[@kleinstruction874]

@@sgtrickards5683 Neither can I!

[@markwittick2592]

My friend just sold his manufactured home, on rented land. He paid $85,000 for it and sold it for $165,000. I'd say that's an increase in value. Dave Ramsey clearly does not know-it-all.

[@person800]

Ramsey specifically says he is talking about mobile homes being a poor investment, not manufactured homes or modular homes.

[@birgip.m.1236]

@@person800 Manufactured homes ARE mobile homes. Since 1976 the mobile homes have new building codes & specifications but they changed the name from mobile to manufactured as they are pre-fab (pre-assembled and arrive in 1/ 2 or even 3 piece(s). Modular homes arrive in several pieces and are assembled on property site & are not moveable.

[@marcoi7455]

Ramsey says any debt is bad. Grant cardone loves debt buys multi family apartments i dont see dave ramsey in a rolls royce or his own private plane

[@yvonneanders8547]

Ur friend got lucky. The person clearly could have bought a new one for that kind of money

[@googlestolemyhandle]

In a market bubble. That same home is going to be worth much less soon.

[@guylamullins3602]

I bought a manufactured home in 1998. It’s on my own land. I paid it off in 14 years. My home is permanently attached to a foundation. It doesn’t have a skirt. I was told by 2 local banks to buy or rent a smaller home instead. From 2012 until now I haven’t had a house payment. The houses the bank wanted me to buy were flipped over into the road by a tornado in 2013. Mine has been through 7 tornadoes and it’s still intact. I only pay 200 a year in taxes. It was set up on a passive solar concept so my utility bills are very low. It’s in the country and a few of my neighbors can cause problems but not near the ones I had living in a major city.

[@foxopossum]

I have no idea why this showed up on my suggestions but this is really interesting👍🏻👍🏻👍🏻

[@KristinaSmallhorn]

foxopossum thanks for watching.

[@Everythingweknowisbullshit]

I was watch videos on how rice is made and 2 dudes who faked being strongmen and then this video. Looks like the algorithms are all jacked up, fake news...lol

[@KristinaSmallhorn]

Kevin Roche I’m not fake! I’m a real person. 😁. Thanks for stopping by.

[@Everythingweknowisbullshit]

@@KristinaSmallhorn i know, i enjoyed your video. Informative and interesting. Keep them coming.

[@moeleekguap6501]

@@KristinaSmallhorn y would u say that nobody said anything concerning that

[@TheMocao]

I’m considering a modular home and am glad I found this video. Since I’m buying it to live in after I retire, I’m not concerned with resale.

[@debbieaguirre3066]

Kristina, Thank you for helping Veterans. My husband is a disabled veteran and we are blessed to be living in our home. I Love watching you.

[@arlenewolf5260]

Hi Christina, Great Video. Modular may cose a little more, but in my neck of the woods they are the same or much better than a site built home. One example alone is on a modular home the Electric is done to the national electrical code (same as a site built) instead of the hud code. All my neighbors site built homes are 2"X4" exterior walls (sometimes 24" on center). My new Modular is 2"X6" exterior walls (16" on center) with better insulation. Site built homes are built by disgruntled employes doing substandard work in the rain and snow and heat. Modular homes are built in air conditioned factories with code inspectors on site. Site built homes are built on foundations, Modular homes are tied down to the foundation or footers. Here in Tennessee they go up in value just like a site built home. I could go on and on but I will take a modular home any day of the week.

[@karend4682]

Yah we purchased a nice modular on water front among very expensive mixed middle class and million dollar homes. Payments $388 a month . Not living for the fancy’s place on earth. Live in HOA . Have freedom to enjoy life instead of giving it all to the bank

[@KristinaSmallhorn]

PERFECT!!

[@karend4682]

Our HOA fees $120 yr just redid our pool and club house from the 1960 $65,000 very nice job. We have three public parks play grounds, fishing piers . Don’t over pay HOA fees. Or yes your getting ripped off.

[@paulatrombetta1105]

where?

[@karend4682]

Hertford, NC. There are a few out this way. Holliday Island, Snug Harbor, Chowan Beach, Arrow Head Beach. All these on rivers or sound water inlets

[@elizabethshaw734]

I would like to give a minute to pre-owned homes. Some people have kept these up beautifully and made them much more than they began life as. If you would like me and pushing 60 and have the money to spend $53,000 say in a place where you will be happy that's okay as long as the home makes you happy!

[@sissymurphy9620]

houses here sell for as little as 30 thousand with 3 to 4 acres

[@aliveandwell3958]

@@sissymurphy9620where?

[@chrisgraham2904]

Some friends were lucky enough to have a house in the city and a lake front cottage in cottage country. When they retired, they demolished the 80 year old cottage, constructed a full basement foundation and had a modular home (3 sections) placed on the foundation. Sold the city home and moved into the new modular. It's huge and beautifully constructed with quality materials and almost impossible to identify as a modular home. They now have the money to live their summers in their paradise location and spend 3 months of every Canadian winter travelling the world.

[@danielmarshall3102]

FYI I bought a manufactiured home on leased land and made $55,000 selling it after 2.5 years.

[@jeffmorse645]

I grew up in the Sierra Nevada of California and there are lots of manufactured homes here on acreages. They go up in value. Its not just the land - if its a newer home and well cared for they definitely appreciate. At the very least they hold their purchase price + appreciation for the land.

[@briank8482]

Why should a manufactured home built with sub par materials retain their purchase value???????

[@Drainman]

I am currently thinking on having my property in Connecticut approved for five Manufactured homes which would serve purpose for Homeless Veterans as I am a Disabled Veteran and was almost fully homeless from Cancer back to back with a divorce where I lost everything.Thank You for Helping Veterans.

[@Wardell43]

26 years ago my manufactured home cost $50,000 and the acre that I put it on cost $10,000 plus Septic and well. Today my property is worth over $130,000. Maybe more with everyone leaving New York. At the end of the day, "Location location location. I live 5 miles directly to the Atlantic ocean, so a Boat slip could cost $75,000. A Summer getaway of a 1956 toaster trailer on 1/4 acre could be worth $200,000 At the end of the day, I'm retired, I've lived on this same piece of property since 1987. This is what Home looks like.

[@dawannwilliams6301]

Enjoyed this video. My family is from rural Virginia and everyone has a manufactured home. We own the land. No one really sells they just get passed down. I plan to build a home on the land when l retire in 5-6 years and live their part time. It was thinking manufactured home. I will look into modular homes. I have been looking at tiny homes and shipping containers too as options.

[@KerryTarnow]

Great info Kristina. Nice to see someone with an understanding of manufactured homes and the fact that yes, they can appreciate in value. Location is definitely key. I always find it funny when the “gurus” say pad rent is the worst thing in the world but have no problem when people rent an apartment... or pay HOA fees in a condo 🤦‍♂️

[@KristinaSmallhorn]

The “gurus” like to talk. That’s their favorite thing to do.

[@KerryTarnow]

@@KristinaSmallhorn thats the truth 😂

[@gypsygirl9]

Lol. That Dave Ramsey guy is a clown. Every person that calls his show goes like this.."Hi Dave. I'm 22 and paid off 30k in credit card debt in the last year using your expertise. I have 100k to play with and wonder if I should pay it towards my 500k mortgage or buy a rental income property..??" Right. All 22 year olds are rolling dough earning six figures or close to it. Already own a half million dollar home..such a scripted bs thing. Lol😏

[@reesedaniel5835]

@@gypsygirl9 Yeah, most 22 year olds are living in their parent's basement and spending all day playing video games..😁

[@StephanieJoRountree]

There are so many cool smaller manufactured homes that don't look like a "trailer". They would be great for vets. I want to downsize to a modular home. You provide such good info, Kristina. Thanks.

[@KristinaSmallhorn]

Thank you for watching and commenting.

[@SlickCat]

So many added costs to the purchase price people forget: Delivery; Land; Platform and septic system; local permits.

[@jessiec1194]

And Electric, site prep, running the water lines or putting in a well.

[@mp0001]

My husband and I are in the process of building a modular home right now. Just to file our deed with the county clerk it cost $378. Plus add $30 to get an assessor to put a stamp on the tax forms. You also forgot about the land survey which you need two of them if you want to get an construction to mortgage loan. The Land survey cost about $1,250 and the second one after foundation is put on is about $750. Plus you got to factor in the cost of contractors and sub contractors, etc.

[@sarahgupton2552]

That’s why it must be real estate tied to land. Any equity in a home on rented property is lost due the cost of moving and installation elsewhere.

[@TruthAndLight4995]

In the last housing crunch, I saw a single wide listed for $180K. It definitely went up in value. The value is depending on the housing market’s supply & demand.

[@samsam18200]

Yes, and traditional houses that were worth $200k at the time are now listed at over $500k in some places. This bubble will not last much longer, and when the market finally collapses the manufactured homes will be worthless, but that's not gonna be the biggest issue considering food shortages, black outs, and general economic die-off will be the most of our troubles. The silver lining might be that people owning manufactured houses won't take as severe of a hit considering most traditional homeowners will face the same suffering with higher value of loss, likely lots of repo for those with big mortgages payments.

[@---ir6sr]

Dave Ramsey is sometimes incorrect. Try to buy a manufactured home on a permanent foundation that you buy the lot underneath.

[@first9299]

I think he's talking more single wide and double wide rectangular prism homes more so than a manufactured home that does not look like something brought in on a truck.

[@flowersfromh-evanlakshmi7577]

I bought a property w a manufacture home. It is paid off and I am renting it out.

[@thomspaulding7098]

He clearly said MOBILE homes...it was even in the caption of the caller on the screen.

[@kbanghart]

He's incorrect about several things

[@genehart261]

Dave Ramsey is OFTEN incorrect but he has attained guru status peddling common sense.

[@butisshemandy1234]

I'm a veteran, I am currently in the underwriting stages of getting a manufactured home via Clayton Homes (5 year bumper-to- bumper warranty) vs. Titan Homes (Lifetime warranty) so this really neutralizes me vs. Past videos & comments I've seen. Thanks for helping us!

[@sheilawiggins8890]

Are you buying land to put the home on? I am thinking of buying land and purchasing a modular home. Is it really complicated?

[@Yettiattack]

I had a clayton built precovid an was hung up for sometime during the plandemic. We looked at stick builts an manufactured. All in all we saved about 60-70k for the same size house had we went stick built. Its a nice home but by no means is custom. We are in our early 30s so its perfect. We dont need a massive mortgage.

[@dgh5223]

We’ve lived in a modular home for 20 years now that was already set up on about 2 acres of land out in country in S.C. It has cement front porch and brick underpinning. Land with manufactured or modular homes around me has practically doubled in selling prices. 😊

[@mynights85]

We are moving from a 1971 mobile home (on land we own, no foundation) to a manufactured home on a double lot with a permanent foundation, a few neighborhoods away, the house is almost twice the size. It's an upgrade trust me. And even if it only sells later for what we are paying for it now, it's still an upgrade, it's what's in our budget.

[@LaunchPadAstronomy]

My mother in law loved living in a mobile/manufactured home. She preferred it to the stick-built house they owned. Great video as always!

[@KristinaSmallhorn]

Thanks for sharing! You are the best space man. 👨

[@daylehudson2956]

I made money on my manufactured home.

[@annalisette5897]

When my husband was terminally ill I needed to relocate to where I had help to care for him. My best friend and I own property so I ordered and paid for a manufactured home which was build locally. My reasoning was this could be built and installed quickly. It should have been but allegedly the "corporate" end of this business underpays and perhaps fails to pay those who do the on site set up. Allegedly they could not find anyone willing to put the house on the foundation. There were tragic consequences in this situation and very painful memories. My point of caution is, know the business you deal with from top to bottom. Find out if there are issues after the pieces of home are delivered. For us, those pieces were out in a field for far too long.

[@KristinaSmallhorn]

Thank you for sharing your experience so others don't make the same mistake. So sorry this wasn't pleasant experience for you.

[@sarahgupton2552]

I was in the business for 12 years so I know. You are an excellent source of great info. Kudos!

[@judyabraga1883]

I put up a double wide with a pitched roof, plastered walls, regular siding and had it put on a brick foundation. It looked as nice a a stick built house and sold it for 20k more than I paid for it a few years later.

[@PGXPPR]

My 2000sq ft manufactured home has over doubled in value and I pay 1/4 of the taxes that the 70s and 80s site built homes around me.

[@KristinaSmallhorn]

BOOM 💥 that’s awesome!!

[@WW-kw3rt]

Please get everything you do in writing from the city your putting the land own. My sister finally resolved her issue with the Town in Tx, they have to move their manufactured home off the land. Make sure you get it in writing if that City allows Manufactured homes, apparently the builder doesn’t have to, please do your own research on zoning, and talk to the people in the city 1st. .

[@KristinaSmallhorn]

W W great advice!!

[@michaelsmith9308]

Allways buy OPEN rural unrestricted no CCR etc and you will be fine in all areas! Just insure you have a electric line close to your property!

[@khadijahdavis1572]

@@michaelsmith9308 hello i have a question regarding your comment, i have just purchased unrestricted land 1.66 acres with a well and septic already on the land, my question is, just what does it really mean to have unrestricted land?, I'm new to the land owning community, i was told that i can't live in a 5th wheel as a permanent residence, however if my 5th wheel is on a permanent foundation like a concrete slab wouldn't that be considered a mobile home?, also i hear that i can only have a 3 bedroom dwelling unit due to the septic, so would i be allowed to put 3 one bedroom tiny houses on my land?, idk how all of this works but i thought "unrestricted" residential/agricultural meant that i don't need to get any permits, no zoning etc. Can you please provide me with some info or maybe some ways around this for living in a 5th wheel as a permanent residence?, thank you in advance

[@user-lu2tb9nc3x]

@@khadijahdavis1572 land gets "perked" for maximum amount of bedrooms/ septic size. If you already have 3 bdrms in your home you CANNOT bring in a 3 bdrm manufactured home because you will be in violation. You can be cited and levied a monetary violation for every day the unit isn't removed because it violates health regulations. Also, many places restrict hooked up RVs in addition to your home. Every place has its own housing codes so it pays to be familiar with them. Many of these regulations can be accessed through the state's web site. You DO want unrestricted land for manufactured or modular homes. Most restricted land requires brick and mortar, site- built homes. Once again, this varies by state so always check this out in advance to avoid costly, heart- breaking errors that can bankrupt you in penalties. Hope that answers your questions. Regarding the 5th wheel business this does not refer to a manufactured home that is placed on a foundation. You still have to get permits for unrestricted areas to comply with local laws (doing anything with the land constitutes improvements which affects the taxes you pay). I can't stress enough to check your local laws governing land use and dwellings.

[@randiD123]

You instilled a ton of confidence for people in this video. Especially in this economic environment we are in now. Keep thinking of ways to help people who may be having to downsize to a mod or man home....

[@ScottLaffin]

Bought a manufactured home six years ago and just sold it for a 224% profit. So as Kristina said if you find the right manufactured home in the right location you can make money off of it.

[@nunyabusiness7623]

In 1993 I bought a double wide manufactured home and placed it permanently on 20 acres. The home and outbuildings have appreciated in value by quite a bit

[@kbanghart]

Most of that is probably the land

[@JoeZyzyx]

@@kbanghart And the rest is Inflation.

[@kbanghart]

@@JoeZyzyx is real estate affected by inflation that much? I don't think home prices are going to fall by a lot

[@JoeZyzyx]

@@kbanghart Actually, when I worked with real estate salesman license in my Dad's firm between 1975-1981, it was home mortgage rates that affected home prices most. Remember, it was Jimmy Carter years, with first inflation, then rising interest rates. Wage and Price increases had been frozen while Nixon was in, but in truth mostly it was Wages that failed to rise, even with inflation rising. Mortgage interest rates were running 8-10% as I recall, and this actually depressed home prices, because fewer buyers, renters instead increased, and home owners were reluctant to sell homes which had failed to rise in price along with inflation. I left for AF duty end of 1981, when Reagan was in office, but it still took 2 years for him to get things turned around from the Carter years. I remember gasoline was 40 cents per gallon, and due to Arab Oil Embargo, and gas lines, even rationing by license plate numbers (last number either odd or even to determine if you could buy fuel that day), so gas prices rose to about 75 cents per gallon. In short though, I'd have to say mortgage interest rates have a greater effect on real estate market than inflation itself, but both did contribute to hard times in real estate markets then. It was when mortgage interest rates began coming down, that the price of homes started rising again, since more buyers appeared to buy homes instead of being renters. Rent values were relatively low during the higher interest rates. It was sort of opposite of what was expected at the time, but... live and learn. What about today? The Federal Reserve is raising interest rates, due to inflation, so I expect the same to happen again, but I don't think it will be too bad an impact on housing costs till mortgage interest rates get near 6-7% rate. That's about where it was when home sales died off back then. History repeats itself usually. As interest rates finally began dropping in the 80's, and home sales were recovering there were many who also wanted to refinance the mortgages they were suffering under the higher rates. My Dad then went exclusively into Appraisals only, since all the refinancing of higher interest home loans, which had to be backed by current appraisal, and that's where the better income was for him. Dad passed in 2011, a year after retiring.

[@kbanghart]

@@JoeZyzyx thank you for sharing. My dad was a realtor and he also passed in 2012

[@kayjcarp5895]

Thanks for not sounding like Dave Ramsey who just sounded down right judgemental about a manufactured home. I have always liked Dave and have listened and watched his shows before and I have never seen him act like he was better than anyone until that clip. He is upfront and honest about making mistakes financially and wants the best for others. But that clip didn't look good maybe it doesn't seem as bad in the full context I don't know. I'm not sure why this video popped up but it was very interesting. Thank you for the work you do to get our great Vets a place to live. I will be watching to see what all you do to help. This is a cause every red blooded American should get behind. Count me in!

[@KristinaSmallhorn]

I like Dave Ramsey except when he speaks about manufactured homes. He has said "its a car you sleep in" in several podcasts, which burns my butt every single time.

[@rogerdsmith]

Kay J Carp Ramsey is not the fount of wisdom many believe him to be. Your problem with his attitude towards manufactured homes in only the tip of the iceberg.

[@windsofmarchjourneyperrytr2823]

@@KristinaSmallhorn Why? If you buy a car you love, and drive it daily for 14 years and it cost 30k, but you smile every time you start it...where's the loss? Car-wise, 2 doors are worth more. Then, insurance, maintenance and garaging, plus... I mean, drive it 300 days for 14 years, that's 4,200. If you pay 40k for it a year old, that's 9.53 every time you drive it. Not to mention other costs, depreciation and such. The more you use it, the better your value.

[@Overly_nourished_entity]

When my parents bought theirs in a park it was $35,000 in 2005 now it would now go for $120,000 + it’s crazy.

[@Jimmerca]

I bought a 2900 ft. Manufactured home and it came in four sections interior walls are 11 feet tall and it’s on a permanent engineered foundation. I had the exterior of the house stuccoed with a smooth texture with a Spanish style roof. Added and oversize three car garage and large patio with outdoor kitchen It’s sitting on 3 acres and have enjoyed it for 12 years. It’s valued at just slightly over $800,000 now.👍🏻👍🏻

[@chevyluv7216]

Thank you helping our verts they deserve way more than they get and most never complain. God Bless our soldiers and the USA.

[@Mr51Caveman]

My Wife and I decided we were gonna full time RV when our Grandson moved out. We needed a "home base" though. Note we had a 4000 Sqft house sitting on 4 acres of land. Upstairs, downstairs, 5 bedrooms, 4 baths, 800 Sqft Garage....WAY too big for the 2 of us. So we decided to go with a Mobile (Manufactured) home. We found 2 acres of land ahead of time and settled on a 1500 Sqft unit. 3/2. Pretty nice layout. Big Master BR. Open Kitchen. Then we yanked out all the cheap appliances and installed high end (SS)stainless stuff. Replaced the kitchen sink with SS modern farm style with restaurant style faucet. Pulled all the light fixtures and replaced with upgraded LED styles and also installed Ceiling fans with LED's. Changed out water heater for high efficiency one. Then we added on a 450 Sgft 4 Season room with 8 sets of sliding glass doors. We spend most of our time out there! So long story short, less space to worry about cleaning, less yard work, less house maintenance, etc. Many would say we spent a bunch of money upgrading. Not really. This place cost us less than my Truck payment! And no...it's not some fancy truck. Just a regular old Ram Tradesman. Payment is in low $600's but I throw much more at it to get it paid off sooner. And we have a "home base" to come back to when we go off RV'ing. And also I'm not worried about selling this place off cause it will most likely be our last. But happy thing is it has already appreciated almost 40K in less than 2 years!

[@annecaulder9495]

Mr51Caveman Wow, your home builder should have been able to do those upgrades for you! Mine will when we buy.

[@leaphigh7889]

Excellent Info and not trashing manufactured homes! Love this!

[@KristinaSmallhorn]

I am going to film a video about manufactured homes this week. I will be trashing people who trash this very good affordable housing option.

[@MortgageMasteryTheater]

Manufactured homes also different from typical single family homes in how you finance them as well. This is primarily because, like you point out in the video, you are typically not buying the land, you are just buying the home itself. It's important to be aware of all the financing differences before you go down this route! Thanks for the helpful info, Kristina!

[@carolwilliams2356]

You are so right about manufactured homes and their value being tied to their location. My husband bought a new manufactured home and had it delivered to a mobile home park. We did not know each other at the time. I bought a 1300 sq ft home in a middle-class neighborhood. After marrying several years later we decided to sell his home. We could not get any takers and started renting out the trailer. We did this for about five years. Most of the renters were considering buying the trailer and moving it to a piece of land near a lake. When a tornado went through a nearby community one of those renters left in the middle of the night because she became deathly afraid of living in a trailer and being killed. Can't say I blame her. We finally sold to a renter who purchased an acre of land near a large lake. We were only able to sell for what remained on the loan. No appreciation whatsoever. Meanwhile, my home in the suburbs increased in value and we eventually sold it and moved to a larger home. I enjoy your videos. You are smart, well-informed and very amusing.

[@KristinaSmallhorn]

Thank you for sharing your experience, I am happy you enjoyed the video.

[@JoeZyzyx]

Your problem was two fold. First, it being in a "mobile home park" and paying lot rent. The second was because of lot rents, they all wanted to escape that mobile home & it's park rent, so that meant transportation cost for them to a lot they owned where zoning would allow it.

[@emocraps07]

what if you don't want to re-sell? what if I just want to buy land and a mobile home and not spend $200,000+ to be in debt until i'm 70 yrs old? people told us "don't buy a mobile home, the value goes down and you can't resell it"... i'm not looking to resell. I'm looking to spend as little as possible and have 2-3 acres and a roof over my head. I could careless about value because I don't want to resell it.

[@KristinaSmallhorn]

Then if that’s not an issue for you then you should do it. That’s my plan for retirement. I don’t care if it goes down in value.

[@DodiTov]

I've lived exactly like this for the past 35 years. I have an acre and a manufactured home. I paid off the home 20 years ago, so all I pay is taxes and utilities. Before you invest, learn basic carpentry skills! Plumber hate to work on them, so make sure that you get standard plumbing...and access panels to services like bath plumbing and water heaters. Research, research, research! The biggest problem is that you must decide what is important to you. You have options if you buy new. Do you really want that dumb island and an open floor plan? Take your time and look around. There will always be issues, just like in a stick built home. I've had to rebuild my yard water service, the electrical input, put in two new heat pumps, and have repainted countless times. Be aware of drainage, and get the best skirting available, preferably one that does not involve paint. Nevertheless, I've enjoyed my home, made modifications to it, and found that it is much cheaper to live in than a stick built home.

[@justthink5854]

@@DodiTov latest heat pumps are variable speed, and instead of elect element when it gets too cold, they work on nat gas or propane

[@DodiTov]

@@justthink5854 True. The advances are enormous, but you still have to do your research! Given where I live, gas is not an option, so I've done emergency preparedness for when the power goes out. My latest pump is excellent and I'm very happy with it.

[@justthink5854]

@@DodiTov are you all electric? no propane? and i guess your climate is 90 summer and 20's winter?

[@duckigrrl]

Thank you for this information. My husband and I would like to buy a modular or manufactured home eventually, but i am still trying to figure it all out. I especially love that you have a heart for our vets. My husband served for ten years and my father was a Vietnam vet so they are dear to me as well.

[@BewareTheLilyOfTheValley]

The modular homes shown here were gorgeous! If they're cheaper than traditional houses, this might be an idea I'd like to go with, especially as I'll likely be living on my own (or hey, maybe I'll decide to finally co-habitate with someone permanently, lol) and won't need a lot of space.

[@ruthjohnson1135]

I love love my home. We bought in 1985, and is in great condition. People can't believe it's a manufacture home. After 15 yrs we added a carport with room, the 5 yrs after that added a room and foyer to the front of house. It's been a blessing for our family.

[@nataliemartin7164]

Look at the two master suites model. They can be customized beautifully.

[@jtidema]

We built our modular house in 1994 and have lived here since then. No one has any idea it is modular - you can't tell unless you go into the attic and look around. Three bedroom three bath split level. It has a full basement and two car garage, patio, decks, and it's on two acres. It's built better than most homes on this street, because it had to be - they don't know which state the houses will be going to so they are built to meet the highest ordinances around.

[@coziii.1829]

Mine is on a foundation plus straps And it appreciated too.

[@willie9397]

Through personal experience I think I trust both of these methods over stick built homes reason being is on construction sites some people just dont give a crap and take no pride in their work, you end up with crooked walls doors that dont shut properly improper trim cuts cock eyed and improper stairs and squeaky floors and so on. The times is money is all that matters to a lot of contractors.

[@kkoch666]

Same thing can happen with a trailer home..

[@Teaganderry]

Just a note: when talking about a manufactured home that is "attached" to a property (especially when buying one thats already in place), they are all PHYSICALLY attached to the land with the strapping. The question is are they LEGALLY attached- meaning is the manufactured home DEEDED as REAL property (real-estate), or was it purchased and placed, but not deeded WITH the land, and therefore would be considered PERSONAL PROPERTY (like a vehicle or camper). This makes a big difference. Mostly seen in older homes. Just wanted to clarify what we ran into when trying to purchase manufactured homes early in my marriage.

[@TrickleCreekFarm]

Valid point, in other states it's termed Title Elimination, which makes it no longer personal property like an RV, but now the Real Property on your land. This vocabulary difference can make it a challenge when communicating with banks in other regions.

[@brittanyr1456]

Thank you for this!!

[@TrickleCreekFarm]

@@brittanyr1456 You're welcome, hope it helps!

[@wootertooter45]

It has to be 433A here in California . Just because you are looking in a community where you “own the land” does not mean that the MH is attached ! I just learned that this week after months of looking !

[@RodneyDeutschmann]

Many lenders (when purchasing with a VA loan in particular) will look which regs it falls under ... HUD regs means it's a manufactured home (it is still on its metal rigging) and VA won't cover it, IRC regs and it's a modular (it's permanently on the foundation) and they will cover it. IRC reg homes usuall go up in price (like a regular stick built home), while HUD regs don't (like a mobile home). One is simply built to better standards than the other.

[@gsxellence]

Best advice ever, thank you so much. I will say oddly enough most manufactured homes rather be a single wide or a double wide that is near a lake with lakefront views normally goes for a lot of money; a great example of that are homes near mountain Island and lake Norman in North Carolina.

[@UnkleAL1962]

Sometimes it boils down to how old you are, if you are young and starting a family, and are either going to stay where you are, or sell and move on after a while, a manufactured or mobile home or double wide may not be a good investment, it may last 30 years then need replacement, and won't be worth much and you may have to start over on a mortgage, and now you are older. Once you've paid 30 years you don't want to start over. Obviously there are regions where they will last a life time, but you don't really want to start over on a 30 year mortgage when you have paid once. But if you are older, and maybe it's going to be your last home, and you don't care about leaving an asset to kids or someone, then enjoy a manufactured/mobile home, some are pretty cool and they can go 30+ years if you take reasonable care and replace things as they break. They are ultimately cheaper and may be a better choice if you don't care about the value appreciating. We only live once, its not always about about the money. Bless you Kristina for helping Vets.

[@sheriszajna-mckeon9902]

I agree. We are looking at buying a manufactured home (if we can find a township that allows) and putting it on a couple acres of land we plan to purchase... so a land home package seems the way to go. It's probably going to be around $200,000 for both. Everyone keeps telling us we can buy a "real home" for the same money. Do you agree or disagree? 1. I don't think so since a site built home with all the upgrades we like on a piece of land that costs $100,000 would certainly cost way more! (A home here is about 250,000 minimum with basics. They range to 400 or 500k. It's very expensive to live here.) 2. If we buy the cheaper cookie cutter homes (that are built in a week) with only basics, we would be paying all that money, not getting upgrades, and looking into our neighbor's windows since they are built on top of one another. 3. We need a nice place big enough to care for my father and a den or sunroom where he can have his own tv space. I plan to do some homesteading there, have no children, and are not concerned about appreciation or depreciation. I want to sit on my back porch with my coffee in my old bathrobe watching the deer without an audience or a fine. We care about US, what WE like and want, and not what some strangers MIGHT want 15 years from now. 4. We are, however, concerned about wonderful 15-25 year maintenance free warranties that come with a nice new manufactured home, made perfect for us, and having our OWN space!!! (We live in a mobile home community now and have so many rules and are bleeding money for lot rent.) 5. We thought manufactured homes were considered personal property and not taxed same as a modular or stick built homes so we would have an advantage there on our tax bill. Is this true? Will it be harder to get a land/home package? Does this seem right for us or do you recommend something else. We have never done this before. I don't care if someone else likes it after I am dead. I actually had granite removed here for slate because although beautiful, granite is not country. I cut holes in my kitchen cabinets and lined them with old chicken wire for a country farmhouse style. We certainly aren't in this for the money... just average folks in our 50's trying to survive on minimum incomes. We live in the country about an hour from Philadelphia. Land here is not cheap and the manufactured homes are not either. In fact, paying additional freight from the south to here is still less than buying here but not sure if the retailer here would provide us with all the set up without overcharging us. So thankful you mentioned not to get financing through a retailer! We were planning on doing that! Is the info above correct? Do you think it's better to do manufactured or modular? I wish the stigma of "trailer park" and "trailer trash" did not exist.

[@sheriszajna-mckeon9902]

Any assistance you can provide would be greatly appreciated. Thank you and may God bless you abundantly for helping our homeless veterans! 👊😇🙏

[@mpinkhasov]

I’m not even in the market for a home and I felt informed and empowered by this video!

[@owlhomesoffredonia7647]

The first conversation we have with nearly every client in our area is the difference of Modular and Manufactured. Thank you for this video explaining the difference.

[@claytammaro7060]

Here’s the deal with us, we bought a traditional house in 1988 for 130k just sold it 2 months ago for 625k. Bought a manufactured home, the next day for 245k cash, in a 55 community. The MH is 52’x 42’ it’s bigger than the house we sold. I pay no property tax, it’s a land lease, HOA isn’t bad. Beautifully landscaped, they cut the grass in the front and take care of my landscaping, I pay additional $100 for the summer months to cut the backyard grass. The best thing is living on one floor, no more stairs to climb. We love it.

[@lynskeyti9940]

One of the most crucial parts of getting a manufactured home is finding a company that can set it up properly. If the set crew knows what they are doing a manufactured home can last a life time.

[@TreDogOfficial]

I just wanna buy a piece of land and grow a garden. So I don't plan on selling. Manufactured seems like a great idea for someone like me. Resale is irrelevant as long as I can stay employed in the area. The upfront investment is the lowest of the three. And they are simple designs that are very utilitarian, which I appreciate. I can live without all the accents on traditional homes. I'm trying to save money on a greenhouse for the backyard

[@KristinaSmallhorn]

Trevor Doge I totally understand. I’m actually considering buying 3 smaller manufactured homes and putting them on a large piece of land to keep things more simple in my life.

[@Navajosun]

@@KristinaSmallhorn do you have any videos on how to get that done? The steps to take? The process? Thank you!

[@clynn4mk]

Thank you for helping Vets and thank you for your great advice!!! I'm moving to get closer to my 90-year old parents & I'm 70 so this is all new to me. Thanks again!!!

[@kerrysue9280]

This was very helpful!! Thank you for this video! I have been on the fence about modular homes and this has put my doubts to rest!

[@saltlifess6226]

Real estate taxes are a lot cheaper on Manufacture homes then modular! I've had both.

[@KristinaSmallhorn]

You are correct.

[@markmccarty727]

Be careful about what your expectations are. Bought a trade in double wide 25 years ago because I got married, had my-yours-ours kid syndrome and needed room fast. I'll build or buy a house later. Got people working on it as we speak I'm 60 now. The kids are grown. It's long since paid for and taxes are dirt cheap!! Great for retirement soon. If I had it to go over I'd build a house. They will never be the same thing!!

[@markmccarty727]

That's true, but as I said, it will never be the same as a house. I'm shocked at the retail on there upscale double wides. Do not be decieved, it's still a moblehome. The construction is better than it used to be, but is what it is! Get references from others who have used the transporters also. Most of the repairs I've made were due to poor setup. .

[@walkermom100]

Thays not entirely true. If the home is considered real property it is taxed like a stick built home. I know because I've owned one for over 20 years. Roof pitch plays a big role as well. Most places require a minimum.of 4/12. If less then you must apply for a variance. Ours is on a full foundation 3.5 ft deep with center piers since the house is 26' wide x 66 ft long. It has vinyl siding and brick exterior, full drywall throughout. 2x6 exterior walls as well. We replaced all the windows with Anderson renewals. We added a 200 sq ft 3 season room to the back of the house. It sits on 10.acres very nicely.

[@spirituallyours64whengnats69]

@@walkermom100 Taxed as stick built because on 3.5" foundation?

[@beckishelton7155]

Just found you today. Love your information. I had a modular home at one time. It was a great home. It was actually built better than the stick built home that I live in now. I subscribed to your channel. Thanks for your videos

[@SmokyMountainBlessed]

thanks for caring about the homeless veterans, my hubby and my dad were both veterans

[@curlzpalz]

Lol i tell everyone about this interview from Dave Ramsey. There are parks in Phoenix area that most people purchased their homes for 9-15k and now they are selling them for over 100k.

[@SchoolLifeDearborn]

Always a fountain of knowledge. I never knew the differences until today. Thank you Kristina

[@KristinaSmallhorn]

Raad Alawan thank you for watching.

[@alant5757]

“Location...location...location....”

[@lightningdriver81]

Alan T Absolutely!

[@JO-ly3hi]

I'm putting mine on a 5-acre lot with well/septic and a 1800sqft shop! BTW, it's a 2100sqft unit on a foundation.

[@joegonzalez4623]

At last ! Someone that seems honest and speaks to the point. Thank you !

[@puca7908]

We are looking to relocate to a warmer state when my husband retires. I am thankful for the information you gave! We did not know a LOT of these differences! We think we will do better with a Modular home! Your great! Thank you!

[@DocPegLegRed]

I’m a Realtor and this video is awesome! I appreciate your knowledge and expertise 👍🏼

[@krazyj1957]

Our first home was an old doublewide. We purchased it because it was on a lake lot. We thought we would fix it up and went to the bank to borrow money to remodel. The loan officer told us no matter what we did it would still be a mobile home and would depreciate.

[@marktruman2842]

thanks Kristina. This will help a lot. We are retired and looking to relocate. We are looking at both raw land and manufactured type homes. I did not know the difference between modular and manufactured so I learned today. We have lived in stick-built houses all our life and this idea of modular/manufactured is all brand new. thanks for making the information possible and understandable. I will be binge watching from my new teacher.

[@j0hnj0hn_83]

My wife and I currently own a home in broward county fl. In the next few years we are looking to sell, buy land and place a modular home on it. Your videos are very informative and have already given me information I didn’t know. Thank You!!

[@ronnichols4664]

I love watching your videos because you are so smart and know exactly what you're talking about. I'm looking for a permanent place to live (I'm tired of renting), and I watch as many of your videos as I can so I can learn as much as I can. Thank you for being such a great teacher!! Continue the great work you are doing, please!!!

[@SA-yp3xh]

I did a manufactured home and I am trying to refinance with these record low rates. I am finding that interest rates are higher even if you have great credit. Many lenders believe it is riskier even when it is permanently affixed to a foundation and title is eliminated. Also...they want to inspect every deck and get L&I and county permits for everything! Even if your county doesn't require a permit. After sales tax on home/construction I think I could have done a stick built for the same price.

[@KristinaSmallhorn]

You definitely need to weigh out your options with taxes and improvements you plan to make to the property when buy any type of home. Have you found a lender that specifically works with manufactured housing for your re-fi? It makes a huge difference.

[@charlesrumble7081]

Kristina Small

[@dbeazrn3934]

THANK YOU!!! I keep telling my father-in-law that there’s a difference AND depending on the floor plan & materials, ITS A HUGE DIFFERENCE!! Blessings!!

[@PamOrl]

Great overview. Appreciate that you hit all the important pros and cons of both. TY! 👍

[@nelcam20]

Thank You so much for that information!! It was very helpful!!

[@MichaelOrtega]

Something about you is addictive. Maybe it’s your genuine talent for education in real estate. But I think it’s it’s your amazing personality!

[@royhkusp1]

Why must men hit on women when given the oportunity? Lol

[@Jasonlwaters]

@@royhkusp1 opportunity, means and intent

[@nilespeterclemens8328]

@@royhkusp1 Get a life

[@GovShtDwnChimps]

@@royhkusp1 Why is it automatically hitting on a woman to say she has addictive content and a great personality?

[@darcyflewellen4496]

@@GovShtDwnChimps Exactly! I thought it was a nice compliment! One of the reasons I subscribed was because of what that writer said about her. Had a similar thought.

[@elainenorvell3335]

Could you please do something on log houses and log housing kits financing and the resell value. I am a vet and the widow of a vet who died on active duty. Thank you for helping vets.

[@KristinaSmallhorn]

That sounds like a wonderful idea!! We have a log cabin place close by and I’ll film it and have a video out in about a month.

[@user-lu2tb9nc3x]

Also a Vet (AF) and a widow of a Vet ( Navy). The only thing I know about log homes is that the wood needs regular care/ treatment to keep it up and termite free. They look nice, visited a few when looking around in Virginia when stationed in Maryland. Decided to opt for a sturdy vinyl or other type of siding/ frame. They have log home kits with all the parts that you can put together yourself or have one site built. Wood prices have gone up so this is going to be a more expensive home and there may even be delays in getting all the materials you need.

[@annbrucepineda8093]

A friend's son and daughter in law had a trailer (manufactured home?) on a family lot. It was white with bushes in front and grass all around. Upon entering, you were in the great room with a fireplace, perfect for entertaining because the kitchen and dining area were there, too, like the Blu Breeze but smaller. The bedrooms were on the sides. It was beautiful.

[@marlenekutcher938]

Thanks for this video as I did not know the difference but left this question on a previous video.

[@sanmi8733]

My father purchased a manufactured home in 2001, for $72,000 painted and updated it some and sold it in 2004 for $115,000-it’s an ok option if that’s the best thing you can comfortably afford. He’s never lived beyond his means, and has always been able to save money even on a modest salary-he’s retired now...

[@phillyman5000]

Thanks Kristina for your excellent videos!! I just purchased a manufactured home in Florida!! Paying cash for it and the lot rent right now is reasonable. I do realize it will increase each year and that is the cost of living in this nice community with 2 clubhouses and 2 pool areas! I transferred with my job also and my work is only 15 minutes away! The people seem nice in the community and the grounds are well kept. This is the next chapter in my life. I am 63 years old now and will work another 2-3 years and then retire and collect SS. Looking forward to becoming a Floridian. I will report back in 6 months with an update on how I like living in my community!!