Yukon Mobile Home Dealer Offers Buying Tips

YUKON, Okla. - April 11, 2013 - PRLog -- Yukon, Okla. - The Home Connection, a Yukon mobile home dealer, offers a few tips for people currently looking to buy a mobile or repossessed home.

A trailer can be the perfect solution for many people. However, like any home purchase, there are certain advantages and disadvantages. Buying a home is a major life decision, and needs to be made with patience and caution. Below are some mobile home buying tips which every prospective homebuyer should consider.

There are several major differences between movable homes and traditional properties:

-They usually cost much less, therefore involving less monthly payments and being more cost effective.

-They lose value sooner than traditional homes. This is especially true if located on un-owned land and without a solid foundation.

-Because they are less study as traditional homes they are more prone to damage, especially during hurricanes, tornadoes and other severe storms.

-They are often more difficult to re-sell, and when sold often incur a loss to the seller.

-They are found in more high-crime, socioeconomically declining communities, more often they are located in urban mobile trailer parks.

-They can be more difficult to finance than traditional properties.

Before deciding on a trailer home, it's important to do as much research as possible. Then, ask yourself important questions such as what type of home you want and will you rent the land rather than buy them both together. After considering these things, it's time to find the best deal possible. Some tips to keep in mind include:

-Take care of all financing decisions before you look for a house. It's a good idea to know how much you qualify for as it can give you leverage during the negotiating.

-Always buy a new unit rather than a used one. Even though mobile homes are much cheaper, a new one comes with warranties which will protect the home and will not suffer from problems used homes sometimes have such as pest infestations, mold, water damage and aluminum wiring. Also, they are overall generally a much better investment.

-Be prepared to look at many homes before you find the one for you. You will probably have to compare several units before making a decision.

-Make sure to thoroughly inspect any unit you are interested in purchasing. Hire an expert if you are not well acquainted with mobile home construction. Water damage on the floor is the most important thing to look at, especially the kitchen and bathroom. Check out the walls and ceiling, and ask if the unit has ever been damaged by flooding. Also keep an eye on any ceiling/roofing issues,  noticeable cracks, foundation  integrity, and wiring or plumbing problems.

-Consider the type of community the home is in. Even a brand new trailer in a crime-ridden neighborhood should not be purchased.

-Make sure the unit in which you are considering meets all local zoning requirements.

-Make sure you both review and accept all required paperwork in full before signing anything. This includes mortgages, warranties and mobile park community rules.

-Rather than taking the first loan offered to you, consider all of the financing options. Opt instead for a fixed-rate rather than a variable rate and try to find the lowest interest rate loan.

-It's important to budget for ancillary home costs such as insurance, renovations, maintenance/emergency repairs, and mobile park fees.

-Be sure to buy a movable home that comes with land. Leasing land may cost you as much in the long run and can sometimes come with more hassles.

A trailer home can be an excellent investment. However, it's important to do all the proper detective work and research to make sure that you are indeed making the correct decision.

Visit www.thcmobilehomes.com for more home buying tips and information on manufactured homes.