Should you Buy a MOBILE HOME IN 2024?
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- Опубліковано 25 лют 2024
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In this Video I discuss the reasons on why I think you should seriously think through purchasing a Mobile home. Whether that is a double wide or single wide. There is times where purchasing one is a feasible option but the price of them has went out the roof. With all this in mind please think through your decision once you sign the dotted line you can’t go back! I really appreciate the view!
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Johnathan
GK Building
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This video is for entertainment! If you like it watch it twice! (: - Навчання та стиль
Nothing to do with the topic of the video, but your wife keeps a nice tidy house! As a stay at home mom myself, I’m impressed! I know how much work that takes with little kids 😅
She will love to hear that! She is a trooper she keeps this place in tip top shape every single day! Thanks for the comment
Thank you for doing this video. May the Lord bless your family even more. Keep safe always! And tell your wife that the home is well kept.
I just bought a double wide Wick home last Nov. I paid $65k cash. I couldn't be happier. It is an older model 1995...one owner and has been well kept. I knew going in that it would not appreciate, but it is a very nice home that is very cost effective.
My aunt had her double wide for over 40+ years & trust her house is a way better built than my aunt (her younger sister) stick built house & the stick built house is at least about 17 years & that house has issues since it was built from the grown up, from the plumbing to the septic to everything you can think of. I have several family members who have manufactured houses who are all satisfied & have several family members who have newer stick built houses who are very upset because their house that they built from ground up is falling apart more so & faster than the manufactured houses in the family. One of my cousins had to get get her newly LVP Flooring repaired twice since she moved into her house. One of my other cousins sold their big stick built & bought a manufactured house & they are much happier with their decision. I grew up in NY so I know when I retire the manufactured route is going to be the route that I take, I already have land that I inherited & it already electricity wired & plumbing ready to sit my house on....
I would like to see a video on why manufactured homes do not retain their value over time.
Can you upload some?
I might do that! (:
Thanks for your insight and the tour of your home. Extremely helpful from a potential buyer perspective.
Thank you for the information! Is there a builder you could recommend in the state of South Carolina?
Thank you for that thoughtful tour of your house.
Thanks for the comment
I was going to add that comment like your ground fault interrupters in the bathroom being looped to the other bathroom. I’m in a $600,000 plus house and mine are looped
I don’t like that! Lol
@@gkbuilding me either I grew up in the electrical supply business and I really don’t like it, but I’m not gonna rewire it so it is what it is
Thank you for this, especially the amount of detail you went in on the issues and showing them as well. You covered things I wouldn't have thought of like the 12 amp breaker. I just got my preapproval and started looking at land and homes and Clayton is big here in VA too. This gave me plenty to consider and think about.
I bought a 1989 16x66 Schult (great condition, furnace was 3 years old and the hot water heat 1 year old, at the time), 12x20 deck, 10x10 enclosed front porch, central A/C, 4 acre's (most of it wooded), 10x10 shed with a dog run, insulated pole barn, with built in work bench's, and 2 outside mercury flood light's (pole barn has it's own 100 amp circuit breaker box, water, cement floor with a drain, both garage doors have opener's, and has a side door), less than 10 years ago for $48k (paid cash and got it below list price), in rural Northern MI. Used it as my secondary, until I retired in 2019, and moved into it (sold my 2 story site built in the city after I retired). My MH came with replacement windows throughout, additional insulation (my heating bill is 1/2 of what my sister pays for her site built home, that's 50 sq ft larger), all appliances (still working), standing seam metal roof, and a renovated handicapped accessible bathroom (the prior owner went into a nursing home). I retired from the largest insurer of mobile homes in the country, Foremost/Farmers, so knew exactly what I was buying. I love my economical and easy to maintain retirement home, with dirt cheap property tax ($700. a year). Around here today, an older single wide, on 1 acre, in halfway decent condition, with no garage, is going for about 80k. It's rare to find one with a garage, and near impossible to find one with a pole barn, unless it's on 5+ acres, with a price tag of 130k+, depending on the amount of acreage. Glad I found and bought mine before all the craziness happened!
Great comment! Thanks! Sounds like you have a great place to enjoy retirement!
I agree hole heartedly!
Thanks for the comment
Unfortunately, all I'm hearing is that the newly built stick built homes are built like garbage and are falling apart before they're even finished. The builder isnt there putting in nails. These homes are passing inspections when they shouldn't be and have severe issues. Builders are refusing to fix issues. I feel like we are stuck. Know anyone good in Texas?
I’m wondering the same. If stick builds aren’t a good option and neither are MHs, then what is?! Gotta take the least risky I guess.
Thank you for taking the time to show the build quality of your manufactured home. I considered buying a new manufactured home vs an older one in a rental park but after watching several different videos by different owners who are finding tons of problems in less than a year, I am reconsidering buying new. I may just stay with a stick built home.
Appreciate your video. We live in Arkansas and are going to look at some Clayton homes this weekend. All info you are Sharing is great and I would definitely get that extended warranty. Main reason we are looking is because house prices have sky rocketed the last few years. We are really trying to keep our number under or around 200,000. for everything. We just want a lower mortgage payment.
We have a 2004 Doublewide as our second home on a lake. We are the 2nd owners. We don't live there every day, but it is at a lake and gets a lot of "lake" living. It was well built, and I would say that it almost still looks like new (other than the style of of decor and colors is outdated) I think that that it is starting to settle a bit because I have found a couple of small cracks in the ceiling. We need to get a mobile home person out there check and maybe relevel it.
I just found your channel and I’m great so happy l did. I going to start looking for two in the next few months. I’m planning to move into one and have my brother in the other on a double lot. I guess I’ll have to wait.
Thanks for the comment
Price breakdown would be awesome! Just found your channel, I hope it explodes!
Thanks for the comment! 😊
Interesting info!
Thanks for the comment
My wife and I bought a manufactured home from Clayton last year, closed on it in April and moved into it in June. I had actually seen your past couple of videos like this one before we bought it, and now that we’ve been in ours for almost a year, I can say we’ve had some of the same issues. I’ve overall been pretty happy with ours. It’s solid built as far as having 2x6 exterior walls and being extremely well insulated…found that out after our last electric bill ended up being way cheaper than everyone else’s from the January cold spell. But as far as issues go, trim is one of them. We have full drywall throughout, and we’ve had a few cracks pop up here and there. We have pretty good quality cabinets, but there’s a few trim pieces you can tell they just rushed to put together without much care for quality. We have the same issue with our electrical outlets, although the only real problem I’ve run into is they put one of those in outlets in our utility room where my deep freezer is supposed to go. Not even a week after moving in, that outlet had tripped without us knowing it, ruining everything in it. Our biggest issue is our kitchen floor makes an awful creaking sound in one spot next to the island. I don’t know what’s going on with that, but it’s something they’ll need to fix. We’re documenting all of this and will have them come out to fix it in the next month before our warranty goes out. As long as they stick to the warranty and fix these issues, I’ll be pretty happy. They’ve been good to us, going so far as to replace our refrigerator with a super expensive one from Lowe’s after we had issues with Frigidaire. But our dealership we’ve worked has some good folks working there, so we may have just lucked out there.
Thanks so much for the comment! I do appreciate it! We also have a bad creaking spot in our master bedroom. It’s from them either missing a spot of glue or not nailing down tight or both.
If it's a hardwood floor cover the squeaky spot with baby powder . Keep working the spot with a small broom gently back and forth then sweep up powder squeak gone
Open the Nore
Ok
Until you try to get it insured. That is our problem. Manufactured Homes are devalued by insurance companies and, after 10 years, they no longer pay replacement cost, they pay Actual Cash Value (ACV). Also, after 10 years, insurance companies decrease ACV every year, I think it is, by about 1.5%, give or take depending on location I'm sure. I live in Texas by the way.
Point is that we now owe more on our mortgage than our insurance company will pay if we have a catastrophic loss of our home. It would take losing everything for insurance to cover enough to pay off the mortgage and have a little left over to try and restart. Don't think that just because a realtor, Zillow or otherwise, gives a high valuation that insurance will cover that valuation in case of loss. Do the research to make sure you know what you're getting into, especially if buying a manufactured home from a previous owner.
Good point! We have a very nice smaller 2000 double wide on pier and beam foundation with built on additions and our insurance company told us last year we were capped on our payout for the structure, due to age. It’s kind of ridiculous, because this was in no way a “mobile” home when we bought it and especially now after the build on. We were able to over insure our out buildings in case of catastrophic loss, but it’s still silly.
I'm in MI and own a 1989 mobile home. I have full replacement coverage insurance on my mobile home and personal property through Foremost Insurance (they're nationwide and owned by Farmers Insurance, so any Farmers agent sell's these policies).
Maybe it’s the state. I’m in TX too, and apparently Foremost is not renewing MH policies due increased claims. I’m insured through Hoheim, and we were capped on our home value this year
@@snowcrash4286We recently switched. We were with Allstate for almost 20 years. Had our vehicles and home covered, which provided a nice discount. Then the vehicle insurance started increasing to ridiculous levels, even with crystal clear driving records. I started noticing how expensive our home insurance premium was as well. Sadly, I hadn't paid attention since it's paid through escrow. My insurance, almost 20 years ago, cost less than $1000 for more than $100k coverage...all in. Last year, they charged more than $2000 for just over $70k in coverage. This year, they were trying to charge more than $2700 for the same coverage. I had already switched our vehicles to another provider and found out they would insure our manufactured home with a little better coverage for quite a bit less. Only $2000 this year instead of more than $2700, plus the mutli-line policy gives us additional discounts, which is always a bonus.
Still, we're at Actual Cash Value for the house, which was built in 99. As far as I know, we're the third owners. The previous owner did some major remodeling to the interior, which probably reset the clock, if anyone cared to look into that, but it's already nearly 20 years past those improvements. I've replaced flooring, reinsulated some, and quite a few other things including adding a semi-climate controlled room to the back.
What state/area are you located in?
When you did your front porch did you attach a ledger board or is there a gap between siding and porch. Im wanting to do the same kind of porch without the overhead and having trouble figuring out how the first row of boards will attach and all will drain correct.
Ledger board is sitting on notched 6x6 in the center and sitting on block foundation around the sides. You can go back and watch the videos when I built it! (:
What manufacturer is your house?
Clayton’s Island Breeze.
Not all doublewides loose value over time. I own a Clayton doublewide built in 1992. It is a small one at 1188 square feet. The doublewide itself cost $30,000. Land (2.39 acres), land clearing, grading, driveway, well, septic, and an 8 X22 foot covered porch added $18,000. Similar doublewides on less land are selling for $175,000 to $200,000 in a rural part of North Carolina. I never thought they could sell for that much more money. For a comparison, my brother bought a small stick built home (built in 1970) with 1050 square feet on .45 acres for $58,000 two years after I bought my doublewide and land. Houses in that community are selling for $190,000. They have had a similar appreciation, and the doublewide is 22 years younger. Of course, this is all dependent on housing market and location. Hopefully, when you decide to sell, you will be in a similar situation.
You are correct that they could use better materials and not add much cost to the homes, and the trim work and cabinets could definitely be better. We have had no problems with the OSB sheathing or vinyl siding. We lived in that home for 10 years, and it has been our rental home for 22 years and has held up well with five other families living there.
Good luck on making a decent profit when you sell, in the future.
Thanks so much for the comment! This is a great comment that I truly appreciate you taking the time to write out!
What about a modular home?
It’s just a suped up double wide
rad monkey agrees😎
Thanks for the comment
Just bought a 2024 double wide manufacturer home I paid over 150 thousand dollars for this house extremely pissed was delivered wrong craftsmen ship is tarable was lied to from the day I ordered whole home completed wrong ceiling falling in no gfi plugs doors in home where installed wrong I have had 2 water line brake never painted any walls just primmered shower leaks worped floors extremely pissed think about sueing or turn into lemon law foundation was done wrong dealer I bought from told me with way more complaints then I listed told me o well ur in a contract deal with it walls above doors are cracked
Just curious what model did you buy so I can avoid. looking to buy mine in a few months
I bought clayton homes hwy 60 I live in hell water coming in doors insulation wet mold I lived in hell
The front 2by4 they arecrooked
.
STOP calling them mobile homes!!! WTH?
Why?
They are manufactured homes, are they not? Quite honestly, you stigmatize the product, the quality that goes into a Manufactured home vs. a mobile home. Mobile homes are not build with 2"x6" exteriors, nor the insulation, or other features. But, you're channel bro so do you! You simply don't help the industry when there are serious benefits in green building by utilizing Manufactured homes, especially California. The cost comparably in Ca is crucial to increasing affordable housing. $70-$150sf is a steal compared ot the $500-$1000. Not apples to apples in custom, I've built some, but certainly closer than that of a mobile home. @@gkbuilding
Thanks for the info. Maybe try not to spin around as you talk.
Note taken. I left my tripod on the job site.
@@gkbuilding Just got a little dizzy Sir, built my covered porch off your video, double wide dweller too. Thank you.