Does it Cost more to own a House, or to have a Trailer on a Rented Lot?
By momalisa65
@momalisa65 (1971)
United States
May 25, 2008 8:10pm CST
My mother and I are always wondering if it would be a good idea to sell the house I live in (which she owns and I rent from her) and to buy a trailer and put it on a rented lot (or even to buy a lot if possible).
If the utilities would cost less, and there would be less maintenence, repairs, and things to remodel, and also the taxes that get paid for owning a house, would that outweigh the cost of renting a lot?
Or do you still pay taxes on trailers, and are the utilities just as much as a house? And are there still alot of things to repair and remodel on a trailer?
Have any of you gone from a house to a trailer, or the other way around? Do you know the benefits and disadvantages of both?
1 person likes this
2 responses
@vicneedscoffee (1259)
• United States
26 May 08
I live in a mobile home. I pay lot rent right off the bat which includes what would be my share of the taxes. If you owned a lot you would still have taxes. Things break in mobile homes just like houses. I just had to replace the toilet and some plumbing in my trailer. Utilities aren't too bad at all, but a lot of that depends on how you use them. The big thing with a trailer is you will never have the equity you have with a house. Real estate prices only go up. A trailer loses value as soon as you move in.
Other disadvantages are having neighbors right on top of you. There is not much space in a trailer. Most trailers are not made of the same quality of houses. Trailers heat up in the summer like mad. If you live in a park, you are subject to the rules there. Remodeling can be a pain because of the way they are built. Given the choice, I would love a house, but I am stuck here for a while longer.
@momalisa65 (1971)
• United States
27 May 08
Thanks for your comment. Those are some things I thought about before. I'm glad you confirmed them for me.
I hope you can eventually get a house since that's what you want.
@sabbathandruth (567)
• Canada
26 May 08
trailer is prob cheaper, no property tax, but in the long run it depends how much you would be paying in rent for the trailer...?
