Mobile Home vs. a Condo: The Pros & Cons

There is some good reading on the website mhhomebuyers.com that discusses the Pros and Cons of buying a Mobile Home vs. a Condo. We edited the article to fit the space here.

Mobile Homes
Mobile homes are built in factories and placed on trailer chassis that make it possible for them to move. Most mobile homes are set in mobile home parks or on leased land. This usually means the owner needs to pay park or lease fees.

If you put the mobile home on leased land, it will be considered personal property. If the mobile home is on land that you own, that’s a different story. You can buy a mobile home and place it on your land and avoid paying rent. However, this means the mobile home becomes real property which will require you to pay property taxes.

Advantages of mobile homes over condos
The most significant benefit you’ll get from a mobile home is the fact that it will be much cheaper than a condo. If you are on a budget, then a mobile home is a great option to consider. Mobile homes cost less per square foot, which means you’ll probably get more value out of the space itself.

Advantages of condos vs mobile homes
The most significant advantage you’ll get from a condo is security. The Orchards is a 55+ Gated community. This is the most significant advantage of a condo and The Orchards provides good security.

The cons of buying a condo
Despite the frills, there are cons to purchasing a condo. First, you’ll have to pay the Homeowners Association Fees to take care of all those amenities you’ll be enjoying. You can be sure that these association fees are not cheap. If that’s not enough, you’ll probably have less privacy because the only thing between you and the neighbor is a wall.

Depending on the age of the condominium community, noise can be an issue. So if peace and quiet are what you are looking for, a mobile home might be a better option. The Orchards is a peaceful quiet community. Please come and take a ride through the community during the day and experience it for yourself. And find out why we say The Orchards is a Great Place to Live!