Thanks guys for the quick response - that’s one of the reasons I llike NACHI -
Here is my concerns - We have manufactured housing here in IN, and I have taken a Manufactured home inspection course - I know how there built etc.
My son has been drawn to them due to price - most stick builts in the Orlando area he’s seen run 175k and up. He is a single guy, making good money, but he’s young and doesn’t have much down payment, nor could he handle a payment for a house that price - so he’s seen manufactured homes in the low 100’s. He tells me there are large developments that he doesn’t own the ground, but just the house itself. He would have to pay his mortage, plus they want $400 a month for assoc. fees. He wouldn’t pay any property tax - that’s in the $400 monthly fee.
I’m not familure with this type of thing up here. Is a development like this common down there?
Are there lots of manufactured homes down there?
With all the storms, can you get insurance for a manufactured home?
Would you have any info on whether they hold their value?
I know up here they are usually cheaper, but you still own the land their put on and have to pay property tax.
He was told banks would only give a 15 year mortage and they wanted 10% down. Up here you can finacnce them with 5% down for 30 years if you want.
I know there questions don’t have anything to do with inspections, but would apreciate any guidence on the housing market down there.