Mobile homes are living establishments that function as temporary or permanent homes; they differ from traditional homes in their mobility and in the materials with which they are built. Mobile homes now go by the name of manufactured homes, according to the U.S. Department of Housing and Urban Development. These homes, by law, bear red stickers indicating their mobility; unlike stable structures, people may relocate these homes for safety, personal and legal reasons.Continue Reading
Manufactured homes vary in size but share a similar shape of a long rectangle. They are built on a sturdy chassis, which serves as their foundation and provides support. When relocating manufactured homes, homeowners may move their homes in one piece or in sections. Smaller homes, called single-wides, generally move easily as entire units. They come in maximum dimensions of 18 feet wide and 90 feet long, letting them rest on truck trailer beds. Double-wide homes, which may reach 20 feet wide by 90 feet long, often break into halves for transportation. With hallways and segmented rooms, double-wide homes look more like small family homes.
Regardless of home type, many owners seek financial assistance for their homes. Most purchase homes through a retail installment contract, which is the most common and popular financing option, as reported by HUD. Some homeowners qualify for federal aid too, while others may secure financing through participating private lenders.Learn more about Real Estate