You own the home but rent the lot. This is often considered "personal property," making it harder to get traditional financing.
Premiums are rising, especially for older homes (over 10 years) or those in disaster-prone areas. Insurers often require a recent roof inspection for coverage. 3. Budget for "Hidden" Setup Costs tips for buying a manufactured home
Moving a home can cost between $6,000 and $25,000, influenced by distance and whether the unit is a single or double-wide. 4. Inspect Construction and Quality You own the home but rent the lot
You may need to pay for water/sewer hookups, electrical poles, or even drilling a private well ($6,000–$25,000+ depending on the area). Insurers often require a recent roof inspection for coverage
Buying land allows you to finance the home and land together as "real property". This often qualifies for traditional mortgages.
Research park rules, pet policies, and potential rent hikes before committing.
