Is there any risk in buy a mobile home?
There are indeed multiple risks involved in buy a mobile home, and caution should be exercised:
legal risk
Approval issue: Some cities have strict approval requirements for mobile homes, and failure to report may be identified as illegal construction and face the risk of demolition.
Property disputes: If the original landlord fails to release the mortgage or if there are co owners who do not agree to sell, it is easy to trigger property disputes after the transaction.
maintenance cost
High maintenance costs: The average annual maintenance cost accounts for 30% of the house price, including daily maintenance such as cleaning and lubricating the slide rail, replacing the sealing strip, etc.
Materials are prone to damage: problems such as corrosion of square tube welded structures within 6 years and softening of magnesium sulfate composite plates after 3-5 years of water absorption occur frequently.
environmental adaptability
Climate impact: Salt spray in coastal areas can shorten the lifespan of houses by 60%, while in northern cold regions, they are prone to shrinkage and deformation due to low temperatures.
Weak wind resistance: The wind resistance level is only 4-5, and the structural damage rate in typhoon areas reaches 37%.
financial risk
Value fluctuation: The mobile housing market has low acceptance, limited appreciation space, and may face asset depreciation risks.
High loan threshold: Due to policy restrictions, loan financing is difficult and requires self financing.
inhabitation
Noise and temperature and humidity issues: Poor sound insulation effect, hot and humid summers, cold winters, and low living comfort in coastal/high-altitude areas.