![]() ![]() I know SV is unique in that manufactured homes are one of the last bastions of affordable housing here and as a result, they generally appreciate rather than depreciate. It’s going to come down to a lot of factors. I worked in tech for 20 years and we’ve had income ups and downs, but I know that if we had bought a traditional house in SV, we likely would have lost it. Our place would definitely sell for more than what we paid.įor us, buying the way we did made sense. ![]() Last summer we had new flooring and closet organizers installed. Our housing cost for space rent and utilities is around ~$1400/mo. We paid off at the beginning of 2020, paying off in less than 12 years. We bought it brand new and we’re able to modify the initial floor plan to our specifications. It’s a 2008 with fully textured walls, 9ft ceilings, crown moulding, the whole shebang. We live in a manufactured home in the middle of Silicon Valley. I specialized insuring both and had to know how to differentiate which was which because they are insured differently. They can be multiple stories and have a myriad of floorplans/layouts. Once constructed, they are nearly indistinguishable from site built homes. They are constructed meeting local building codes based on where the home will be assembled. Modular homes are built in sections and hauled to the site on a flatbed truck to be assembled (no chassis). Whether it is in a park or on private property, it will always be considered a manufactured home which ultimately negatively impacts resale value. ![]() They will almost always be a single story. It is built to meet national HUD guidelines. The difference between manufactured and modular homes is primarily building codes and chassis.Ī manufactured home is built on a chassis that allows it to be moved more than once if needed. Homes built post 1976 are all considered manufactured homes but people still refer to them as mobile, manufactured or even trailers. Mobile and manufactured are interchangeable terms for a factory built home. I understand in some places you don’t have many options and manufactured homes are improving in quality but they are cheaper for a reason. Everything is like the dollar tree version. The doors that weigh 6oz and are 4 inches from the floor. The dip in the living room floor where the left side and right side of the house meet. The trim and drywall is still on the wall completely intact all the way around expect for a 2 inch piece where it ripped like paper. The reason was they somehow blew out the hole where the locking mechanism goes and the trim so now the bathroom just doesn’t close. For example someone accidentally locked the bathroom door closed and while the teenagers were trying to get it open the door just flew open. I won’t go into detail about everything that’s falling apart after they raised a family in it but some of the broken stuff is kind of odd. I have some family who lives in a manufactured homes. I would absolutely not recommend buying one if you don't own the property it's on, otherwise the build quality is rather nice in new builds. My stress and anxiety disappeared after selling and moving. Park policy allowed two pets, we had two cars, and when we filled out our documentation around it got "oh well that form is outdated and you can only have one" yeah tough shit we're bringing both of them.Įnforcement of yard maintenance apparently became a priority after we bought it, so what was previously acceptable landscaping needed to be changed the second we moved in, and we got nothing in response to the question "why weren't the previous owners made to fix this, it's been like this for years". The park management would randomly decide which rules to apply and which ones to ignore. (Just applying common sense to the numbers was enough to clear it up, but if you brought up PG&E smart metering oh no, end of the world) Utilities were sub-metered, which would occasionally be entered wrong resulting in battles with the park manager to get it corrected. Space rent was roughly 1k/mo, and the expectation was that it would increase about 3% a year. Owned a manufactured home built in 1980 in the bay area for two years and while it was a significantly better option for raising my first kid vs a 700sqft apartment we always considered it a stopgap until we moved into a brick and mortar home. Here, please treat others with respect, stay on-topic, and avoid self-promotion.Īlways do your own research before acting on any information or advice that you read on Reddit. Get your financial house in order, learn how to better manage your money, and invest for your future.
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