Sell house, buy mobile home to reach goal?

**wunsagin** · 01-03-2012, 03:19 PM

be very careful about buying a mobile with a stick built addition, my ils bought some land with an old house, placed a double wide and built a huge family room to join the two. It was very close to impossible to get it insured, home insurance wouldn't cover it because of the mobile and vice-versa.

We live in a modular, we moved it from another state and will be here forever. Our insurance is that of a stick-built house, our agent said there are only two brands of modulars that qualify for that and ours is one of them. And the value of our home has actually increased. I live in Oklahoma and if you're worried about the tornadoes an underground shelter should be easy to install.

**nodmicks** · 01-03-2012, 03:32 PM

Originally Posted by wunsagin

be very careful about buying a mobile with a stick built addition, my ils bought some land with an old house, placed a double wide and built a huge family room to join the two. It was very close to impossible to get it insured, home insurance wouldn't cover it because of the mobile and vice-versa.

We live in a modular, we moved it from another state and will be here forever. Our insurance is that of a stick-built house, our agent said there are only two brands of modulars that qualify for that and ours is one of them. And the value of our home has actually increased. I live in Oklahoma and if you're worried about the tornadoes an underground shelter should be easy to install.

If I may ask~ Which two brands?

Dh and I have thought along these lines. Our home should be paid for when we want too sell and move closer to work~ once the last kiddo graduates. We bought the home we live in for the great small school system. The taxes used to be cheap but are now higher than the city we all work in. Once the kids are gone we don't need all this land and a big ancient farm house ( though I LOVE it dearly ). It is also way to much upkeep on a well over 150 year old house to be practical as we get older.

We are looking at buying a few acres where we work (30 miles away) and putting a used modular on it. Our reasoning is time ( not commuting) saving the $400 in gas we spend to commute and living more frugally in preparation for retirement.

We want to bank the cash we make selling the house and invest it for more retirement padding . We do not want to retire in this artic tundra of a state we live in. We are looking towards Kentucky.

**Lisahas2cats** · 01-04-2012, 03:33 PM

the one we're thinking most seriously about already has the addition added, so we should be able to find out about insurability (as well as how stable the setup is) fairly easily.....Not sure who the manufacturer is, but will find out!

**wunsagin** · 01-04-2012, 03:53 PM

Originally Posted by nodmicks

If I may ask~ Which two brands?

.

Our is a Fuqua, have no idea about the other one. This was about 6yrs ago so don't know if it's changed.

**ladytoysdream** · 01-04-2012, 04:12 PM

We bought our land in 1987. Paid it off. Then we went to the bank, and
bought our new doublewide in 1990.
No celler, no concrete pad.
Our house sits on a pier system. Which is 40 cement
cones 4 ft in the ground. Think ice cream cones.
The flat surface of each cone is level with the ground and
is 2 blocks high to support the house in place. It has NOT moved at all. Has increased in value.
We paid it off about 7 yrs ago. Then took out a home equity loan and made our improvements. Added a deck with roof which is 52 ft long, by 10 ft out. New front room added is 24 by 12 ft.
House was originally 24 by 40 ft. From the roof view, it is now 34 ft wide by 52 ft long. I drew the plans. My youngest son and business partner built the additions.
When we added on, we also did all new siding entire structure, texture T11 , the thicker stuff. All new shingles entire structure, and all new windows entire structure. If you drove by our house, and did not know it's history, you would not know it is a doublewide.

My husband and I physically built our own 24 by 40 ft garage. Pole barn style. Metal siding/roof.
We have added one shed, and our chicken coop.

I would do what we did all over again. It works for us

We have sinced replaced the front door. I won't give you my opinions about Loews windows and doors which we used in the new room

The double wide windows we replaced all but one ,we ordered special from a local window place

Pictures took Dec 2007. Work was done summer of 07.

**Wendy99** · 01-05-2012, 10:20 PM

I just love love your huge deck and can imagine just sitting out there relaxing

very nice, thanks for sharing!

**227melissa** · 01-07-2012, 10:59 AM

10 years ago we bought our Mobile Home and have never been happier. Since we were going to be older home owners we would be in our 70s before we paid off a standard 30 year morg. Now my home is paid for. We have a Fleetwood that was a repo, the people lived here for 6 months and never made a payment, the place was like new. We sat here through Katrina and only lost 2 shingles. so very well built. The place does depreciate so either live there forever or a long while to get your moneys worth.