Buying a Mobile Home in Alberta

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There are those who are thinking about buying a mobile home as a cheap alternative to traditional housing or as a rental property. When it comes to buying a mobile home in Alberta, there are some things you need to consider.

What to consider when buying a mobile home

The standards used with building a mobile home has differed significantly. Mobile homes built in the past were built using different building codes than mobile homes built more recently. For example, older mobile homes are wired with aluminum wire, which is now considered a fire hazard when it reacts with other metals. However, when buying a mobile home in Alberta, you need to look at the size of the home, the number of bedrooms, and the number of baths. Based on your financial situation, you can look at either brand new or used mobile homes.

Risks in buying a mobile home in Alberta

When it comes to buying mobile homes in Alberta, the main risk faced by most buyers is depreciation, which is a sure thing for mobile homes. However, this risk is lessened if the mobile home is attached to a lot. Mobile homes go up in value when on land, just like any other home. The age of the mobile home can also make it tough to finance or the rate can be really high when refinancing is made possible. However, there are homes that are very tough to insure if they are too old. Age often shows in wavy walls, crooked windows, and the gap in the door frames. Spongy floors are also good indicators of age in a mobile home.