7 Essential Things to Consider Before Living in a Mobile Home

Mobile homes are an affordable and convenient housing option for many Americans. They offer flexibility, affordability, and a sense of ownership to those who prefer living on a budget. Before deciding to buy a mobile home, several things must be considered, including mobile home financing, maintenance, and the legalities of living in a mobile home park.

In this post from 40 Oaks Properties, we will discuss seven things you have to consider before living in a mobile home:

1. The Cost of a Mobile Home

The cost of mobile homes for sale varies depending on many factors, such as age, size, and location. A new mobile home can cost between $30,000 to $100,000, while an older one can cost less than $10,000. The cost of a mobile home is significantly lower than that of a traditional stick-built home. However, it is essential to consider the ongoing expenses of living in a mobile home, such as utility bills, maintenance, and repairs.

2. Mobile Home Financing

Obtaining a mortgage for a traditional house is relatively simple, but financing a mobile home can be more complicated, requiring you to explore alternative options.

If your mobile home is on a foundation and you own or intend to purchase the land it sits on, you might be eligible for a standard mortgage. However, if you own the land but the mobile home is movable, it usually won’t qualify for a conventional mortgage.

In this case, consider a chattel mortgage, which uses personal property as collateral for the loan. A personal loan might be one of your best options if you don’t own the land and plan to move into a mobile home park. However, be mindful of any loan limits your lender may impose to ensure the mobile home is fully covered.

3. The Legalities of Living in a Mobile Home Park

Many mobile homeowners live in mobile home parks. Understanding the legalities of living in a mobile home park before purchasing a mobile home is essential. In most cases, mobile home parks have rules and regulations that has to be followed, such as maintaining the mobile home’s exterior and adhering to quiet hours. It is, therefore, vital to read and understand the park’s rules before signing a lease.

4. Maintenance and Repairs

Mobile homes require regular maintenance and repairs. The homeowner is responsible for maintaining the interior and exterior of the mobile home, including the roof, siding, and windows. It is essential to budget for maintenance and repairs when considering the cost of living in a mobile home. Neglecting maintenance and repairs can lead to more significant problems and expenses down the road.

5. Land Ownership

Mobile homes can be on leased land or owned land. If the mobile home is placed on leased land, the homeowner pays rent for the land. If the mobile home is set on owned land, the homeowner owns both the land and the mobile home. It is essential to consider the cost and availability of land before purchasing a mobile home.

6. Resale Value

Mobile homes typically have a lower resale value than traditional homes. This is because they depreciate faster than stick-built homes. It is crucial to consider the potential resale value of a mobile home before purchasing one. This is especially important if the homeowner plans to sell the mobile home in the future.

7. Zoning Laws

Zoning laws vary by state and city. Some areas have strict zoning laws prohibiting mobile homes from being placed in certain areas. Researching the zoning laws in the area where the mobile home will be placed before purchasing one is important.


If you’re considering purchasing a mobile home, it’s essential to understand the costs, legalities, and maintenance requirements associated with this housing option. It’s also important to research mobile home financing options and resale values to ensure that you make an informed decision.

While living in a mobile home has its advantages and disadvantages, it can be an affordable and convenient housing option for those on a budget. By considering these seven essential things, you can make an informed decision about whether a mobile home is the right choice for you.

40 Oaks Properties is committed to enhancing the image of budget-friendly housing, ranging from apartments to mobile home parks, by offering a clean, cozy, and high-quality living experience at reasonable prices. Based in Lexington, NC, we take pride in catering to the residents of all our communities. Our residents enjoy convenient access to Winston-Salem, Mocksville, Greensboro, Salisbury, High Point, and other cities in and around the Piedmont Triad. Ask us about our available mobile homes for sale today!