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If buying a traditional home is just too daunting, consider mobile home living as an alternative option. Because mobile homes are extremely customizable and cost-effective, they’re a great choice for families and individuals of all sizes and walks of life.
The Registry of Motor Vehicles does not recognize manufactured homes as a titleable vehicle, although mobile homes must be registered if put on the road to move. If your home is placed on a permanent foundation on land you own, it will be recognized as real estate in Massachusetts
New units average around $51,000. Used units go for anywhere between $10,000 and $25,000. Double-wide: A double-wide home is meant to be “double” the size of a single-wide home, but they actually vary widely in size. Some can get as big as 36 feet wide by 90 feet long
30 to 55 years
Generally speaking, you’ll need a credit score of at least 620 in order to secure a loan to buy a house. That’s the minimum credit score requirement most lenders have for a conventional loan.
You may not have thought to invest in mobile homes before, but it could be a profitable investment in 2022. While the savviest real estate gurus are jumping on single-family homes, you can get a step ahead with lower-cost, high-demand units.
Mobile homes are easier to customize and build with unique features that would be difficult to achieve in a traditional home. Another benefit for retirees is that most people who live in mobile homes are seniors and many communities are restricted to those 55 and older.
The only difference between the two types of homes is the date they were built. According to HUD, a factory-built home prior to June 15, 1976 is a mobile home and one built after June 15, 1976 is a manufactured home.
What is the oldest manufactured home you can move? According to the HUD regulations, if your home was built before 1976 it doesn’t meet the current safety standards and shouldn’t be moved even a short distance.