Buying A Mobile Home

A recent Farmington, New Mexico resident with an extensive real estate background, Drita Bronkey serves as a consultant with Zemer Property Management Consultants (ZPMC). In this role, Drita Bronkey is in charge of a region that encompasses various mobile home park communities around the state.

Mobile homes are ideal for individuals looking for more affordable yet durable homes that are below the market value of permanent homes in their locations. Mobile homes typically cost less per unit space compared to temporary structures. They can also be transported to mobile parks or separate pieces of land.

Despite their low acquisition costs, mobile homes are built to be as durable as other home types. These homes are manufactured in controlled environments and meet some mandatory specifications enforced by the US Department of Housing and Urban Development (HUD). This is especially true for mobile homes that were built after 1976.

While they are affordable options, mobile homes may not be good investment vehicles. If the goal is to invest in a property for future appreciation purposes, mobile homes may not be ideal since they are different from real properties. After leaving the manufacturing facility, mobile homes typically depreciate in value when they begin to serve as homes.

Difference between Mobile & Modular Homes

A New Mexico Manufactured Housing Association (NMMHA) member, Drita Bronkey is an experienced real estate management professional who leverages her expertise to serve as a consultant with Zemer Property Management Consultants (ZPMC). As a member of the firm, Drita Bronkey specializes in the management of mobile home parks.

Mobile homes and modular homes have some characteristics in common. For starters, both home types are built in factories and transported to the destination where they will be installed for residential purposes. However, knowing the few distinctions that separate these two property types is vital for many reasons, such as understanding the appropriate insurance policy to obtain for the property. If homeowners cannot identify their property with the correct term, they may get the wrong insurance quote.

Mobile homes are typically designed according to the US Housing and Urban Development specifications, and they are delivered in single pieces. Modular homes, on the other hand, need to satisfy the local building codes in the state and county where the property is located. Also, Modular homes are often delivered in two or more pieces and typically resemble stick-built houses in features and sizes. Most modular homes are built on basements or crawlspaces. On the other hand, mobile homes are usually anchored by metal frames.