Are you finding house hunting stressful and expensive?
A mobile home is a popular and affordable option to consider if you are looking for a place of your own. Have you done your research into where you can rent a mobile home? Or the type of mobile home you should be looking for?
If you'd like to know more about mobile homes for rent, read on for our guide on the location and cost of mobiles homes to rent and purchase.
Why Choose a Mobile Home?
Mobile homes are a popular choice for people seeking a little more freedom and affordability. According to recent statistics, 17.7 million Americans live in mobile homes. There are a few different arrangements to choose from including renting the land or purchasing the land.
The cost of renting a mobile home is the main reason most people choose it. Mobile homes cost less in monthly rent than that of an apartment or house which makes it an attractive option to those with a lower budget. It is also advantageous that the land and property owner is responsible for maintenance and repairs.
How Much Do Mobile Homes Cost?
You can purchase a single-section mobile home for as little as $60,000. The US Census reported that the average price for a mobile home in August 2020 was $88,200. Price is dependant on square footage and materials.
You can rent a mobile home for an average price of $500 per month. This is much less than the price of renting a one-bedroom apartment in the US.
If you are purchasing a mobile home as an investment, you'll want to hire a professional property management company to help you with the finer details and lease agreement for your new tenants.
Choosing a Location
The majority of trailer homes for rent are situated on a rented lot or mobile home community park. You could also choose to purchase your own land and rent or purchase a mobile home to put on it.
There are many benefits to living in a mobile home community or resident-owned community (ROC). The rental payment for the community lot is usually the largest part of your rental costs. These communities vary in size and cost throughout the U.S. Some communities even offer a pool and sports facilities which is included in your rental fee.
Mobile homes near cities will typically be more expensive to buy. If you aren't buying the land your mobile home will reside on, you'll need to look at mobile home lots for rent too.
Finding Mobile Homes for Rent
Once you have found your ideal mobile home you can finally relax and enjoy your new place! If you choose to look at mobile homes for rent within a residential community you'll have lots of new neighbors to meet and places to explore. With this guide, you'll find buying or renting a mobile home easier than ever!
Check out Austin Property Management for more information about renting or investing in properties.
