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Pros vs. cons
of purchasing a mobile home

American Modern Insurance - Modular home insurance

I know: you saw “mobile home” in the title and automatically pictured tooth deficient hillbillies, sickly stray dogs, and cars that haven’t operated in decades. I’m here to tell you that the stereotypical mobile home and trailer parks of the past are just that: in the past. There are now mobile homes that are just as nice, and maybe even nicer, than the standard homes we’re all accustomed to. Many people actually prefer to live in mobile homes due to the perks that come with owning them. There are a number of pros that come with owning a manufactured or modular home. Of course, there are also some drawbacks to owning these homes.

Manufactured Home Insurance


Development control

Unlike most homes, the buyer of a mobile home is in complete control over the construction process. They can choose the floor plan, amenities, and location to their heart’s (and wallet’s) desire as long as they comply with Federal and State regulations.


As one can assume, owning a mobile home is much cheaper than owning a site-built house. Mobile homes can cost from 10-35 percent less than a comparable site-built structure. Owners of mobile homes also get to avoid property taxes, which keeps more money in homeowner’s pockets.

Fast Construction

The average house takes about six months to construct. When you purchase a manufactured home, it takes about 4-6 weeks to be constructed. A modular home takes anywhere from 2-4 weeks to be built. This means that, once you decide on the mobile home you want, it takes relatively no time for you to be able to reside in it.

Warranty Options

Another great thing about mobile homes is that they usually come with manufacturer warranties. So if something goes wrong with your home, you can get the problem fixed quickly and with a lower fee than if you lived in a standard home and had to use a contractor to fix your issues.

Manufactured Home Insurance


Appreciation Limit

One of the great things about owning a home is that its value slowly increases over time. Unfortunately for mobile homes, the value appreciates much more slowly. Also, the appreciation value has a limit based on the value of the plot of land your home is on and the value of neighboring mobile homes if you live a mobile home community.

Harder to Sell

Due to the negative stigma still attached to mobile homes, they are harder to sell. If you do decide that you want to move somewhere else, it may take some time to get your mobile home off the market.

Short Life Span

People often like to leave their real estate in the family and pass it on to their descendants. Unfortunately, mobile homes start to deteriorate after about 20 years. Their short life span makes them harder to sell and harder to refinance. Owners also begin to experience more structural problems as time goes on.

Instability Park Owners

Plots of land with mobile home parks are usually owned by another entity. Since the plot of land may be prime real estate, there may be moments when landowners sell their land without notice. This can be troublesome for mobile home owners who had no plans of moving.

American Modern Insurance - Modular home insurance

There are many reasons to own a mobile home whether it’s manufactured or modular. If you do decide to purchase a mobile home, also look into getting mobile home insurance coverage from a trusted carrier. This insurance will protect you from the expenses related to fires, floods, theft, structural damage and more. If you’d like to learn more about mobile home insurance policies, contact a local carrier and get a mobile home coverage quote today. Nothing is stopping you from a better living situation.

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