I checked out this thread from 2003, but I have some other questions, and am also interested in the opinions of some other members who may have experiences but either weren’t here or didn’t see that thread.
Here’s the situation:
My husband and I are living in an apartment in Seattle. Houses are very expensive here. We’d like at least a three bedroom house, because we’d like to start having babies, and we’d also like a room to put my parents and brother in when they come to visit. The houses we’ve been looking at that suit our needs are $350,000+. We just can’t afford that much. There are cheaper, but they are in bad neighbourhoods, too far from work, or just big money pits.
Now, when I talk about manufactured homes, I’m talking about these dealies. I don’t think they are modular homes, since there is a difference in price. The modular homes cost closer to $200,000, and we figure if we were going to spend that much, we may as well look harder for a stick built. No, the ones we were glancing at on the internet are much cheaper. We like the ones around the $90,000-$120,000 range. We think we do, anyway.
What we do know:
We know they don’t increase dramatically in value.
We may or may not stay there for a long time. If we decide to move out of it one day, we were thinking of renting it out. (We might “inherit” (or buy very cheap) my FIL’s three-bedroom home, but we can’t rely on that, and don’t want to wait the five or more years it may or may not take for him to move out and give us the house.)
We know that you can’t just plop them down anywhere, and they have to be placed in a neighbouhood that allows manufactured homes to be built.
I don’t believe a manufactured home has a foundation.
Are they really shabby? Are they poor, poor quality? Are there things you absolutely cannot do with a manufactured home?
We live in an earthquake-prone area. With a foundation, if it cracks, you’re screwed. Will no foundation be a benefit, or a drawback in an earthquake? (I mean, unless the earth splits under your home, but then you’d be more than screwed, anyway.)
They don’t appear to be like the trailers of old. The ones we like don’t even have the flat roof that used to be a telltale sign of the manufactured home. They seem spacious. I understand that some quality is lost compared to a stick built home, how noticible is this? Does it turn into a money pit?
And a few final questions for those who bought one: Do you enjoy your home? Do you have any regrets, or would you do something different? Do you have any recommendations?
Apologies for so many questions. I want to hear about your experiences with these things. Any little bit of information is welcome.