Mobile homes are a type of prefabricated housing unit that don't require a foundation. They can be placed on any plot of land and moved around at the will of the owner. They are considered less permanent than traditional homes; however, many mobile homes have stood the test of time and have been around for decades. With the increased cost of traditional housing and unfavorable loan rates, many people are starting to inspect alternative living options. If you're considering pursuing a new way to live, there are many benefits to adopting the mobile home lifestyle.

Benefit #1: Relatively Low Cost

Perhaps the biggest benefit to deciding to live in a mobile home is the decreased cost. This applies both to owning a mobile home and to renting one. Each option will typically be cheaper than its traditional housing counterpart.

For prospective homeowners, you'll be seeing a much smaller price tag. While the price will vary based on the manufacturer and size, mobile homes can be purchased and be delivered to any location. Many can even be customized based on your specific needs.

Typically, you will own the home itself and rent the land that it resides in. These lots are often referred to as mobile home parks. With low rent and owning the home yourself, you'll be setup for a useful living arrangement.

Benefit #2: Extreme Flexibility

If you decide to purchase a mobile home, you decide where it will be placed. You can also move it around if you'd like another lot or another city.  

You'll also be privy to financial flexibility if you decide to pursue living in a mobile home. Based on your budget and desires, you can either rent the plot and buy the home, rent the home and rent the plot or buy the plot and rent the home.  Each of these options provide a low cost way for you to get into affordable housing. Typically, each option will be cheaper than renting a comparable traditional home.

Benefit #3: Ability to Upgrade

Upgrading mobile homes is much easier than traditional homes. This is especially true if you're buying a new mobile home. You'll be able to upgrade your unit with plush carpeting, window shades, extra rooms, and other desirable amenities that vary based on the manufacturer.

Even mobile home renters can benefit from the ease of upgrading. Simply letting the landlord know that they'd like to upgrade or augment a certain feature is all it takes to begin the process of customizing a rental property.

Is a Mobile Home Right for You?

There are many benefits to deciding to live in a mobile home. From the lower cost to the financial flexibility, it's easy to see why this is an ever increasing option.