Buying a Mobile Home or Renting an Apartment, Which is Better?
Did you just previously move out from your parent’s home? Starting a family or do you simply want to move from your old apartment to another? Whatever your reasons are, for sure you’re thinking about the advantages and disadvantages of your new home.
There are two things that you can choose from if you want an affordable and versatile option. You can either rent an apartment or get a mobile home. What’s the difference?
Renting an Apartment
Renting an apartment is where you enter a legal agreement with your landlord wherein you, the tenant, can live in a specific space and pay a fee for the space you’re taking up. The payment of the fee is usually done on a monthly basis.
Buying a Mobile Home
Besides renting an apartment there is a new way that you can have a flexible and affordable home, this new way is by getting a mobile home. A mobile home is basically a trailer home, it is a home that is built in a factory and transported to the buyer. The good thing about it is just like renting an apartment from one place to another, you can also move your trailer home from time to time.
Now that you know the difference between the two, you will probably ask yourself, which is my better option then?
The better option varies depending on your needs and wants. Here are some of the things you should consider before deciding what’s best for you.
Cost is one of the main concerns of almost everyone who wants to have their own place because let’s be honest, paying your bills and rent aren’t easy this is why most people prefer renting or buying a manufactured home to purchasing an actual home.
Though both can be more affordable than buying land and building an actual house, there is still a difference in terms of pricing.
Renting an apartment might be better for you if you’re only looking for a temporary place to stay into. The price of a monthly rent can range from $700 to $1500 depending on the location and the measurement of the place.
While buying a mobile home monthly fees can be similar to or a bit more expensive than renting an apartment, it is a better investment along the way.
In terms of safety, both can install a security system just like CCTVs. But of course, if you are renting an apartment you still have to ask for your landlord’s permission before doing this. While you can add many security systems as you’d like on mobile homes because you own the place.
Another thing that differs between the two is that sometimes renting an apartment already comes with a security guard at the entrance of the building making you extra safer from strangers.
There is no fight with this one, renting an apartment allows you to pass the maintenance to your landlord since this is their responsibility, which means you’re saving tons of money by avoiding maintenance costs.
When you have a mobile home, you will be the one responsible for maintenance. If you have no budget to pay for a maintenance guy, then you will be the one that needs to fix the sewage, pipe, and other things in your home.
The option between renting apartments or buying mobile homes isn’t easy. They both consist of advantages and disadvantages but the better option would still vary depending on your needs and budget. Consider the said things above and come up with the better option for you!