Introduction Depreciable property is any asset that has limited useful life. For example, equipment, vehicles, or buildings are all tangible assets that depreciate over time. Land is often grouped with all long-term assets that are depreciable. However, there is no basis to depreciate land because it does not have useful life. In this post, we explain in detail what we mean when we say that land has no useful life. We’ll also discuss why it doesn’t depreciate over time like other tangible assets. What Is Land Depreciation? Depreciation shows us the value of an asset – like land – over time. It ..read more

Repairing roof damage caused by weather or old age is imperative for your mobile home to remain habitable. If your roof is beyond repair or at the end of its lifespan you might need to replace it in its entirety. Before you can choose your best roofing option, you have to review and set your preferences like: Desired durability Energy efficiency Weather resistance Material quality Visual appearance Longevity Cost effectiveness Knowing the type of roof your manufactured home needs not only makes your planning process easier, it also helps you decide if the cost makes it even worth it. Sometim ..read more

There are an estimated 4,073 mobile homes in Texas. Having lots of mobile homes in the state brings challenges. One of them is dealing with the issue of mobile home eviction in Texas. Affordable Living But With Legal Challenges When you own a trailer, renting space in the mobile park is a lot more affordable than renting an apartment. According to Rent Cafe, the average apartment rent in Austin is slightly more than $1,800. The rent fees in mobile parks range from $500 to $900. Mobile homes help you save money on rent. However, manufactured-home owners face a huge problem. It is exclusion from ..read more

Florida is the leading state based on the number of mobile homes and trailers in the U.S. The report on manufactured-home communities in Florida presents data representations of 212,857 homesites.   Eviction from a mobile home park in Florida, even for minor rent payment debts, remains a significant issue in the state. Although manufactured homes might be more affordable than purchasing a new house, mobile homeowners often face drawbacks. In this post, we’ll cover the eviction process and the legal protocol in Florida in depth. This post will help you understand the best options for ..read more

Every home, especially a mobile home, needs repairs at a certain point. But how much will it cost to replace roof on double wide mobile home? In this post, we’ll provide the complete breakdown of the cost to replace roof on double wide mobile home to help you budget better, whether you’re hiring a professional or doing the repairs yourself. Reasons to Replace the Roof on Your Double-Wide Mobile Home There are various reasons to replace the roof of your double-wide mobile home, from weather damage to structural considerations. Weather conditions, for example, can cause damage to your manuf ..read more

Inherited property comes with both emotional and financial challenges. This makes the process of inheriting a mobile home a blessing and a curse. For example, many beneficiaries are often uncertain of how tax on a sale of an inherited mobile home works. This can cause stress about what to do with the inherited property, and how to factor in taxes. In this post, we’ll give you the information you need to understand the different types of taxes associated with an inherited property. We will also discuss why donating your inherited mobile home can be a wise option. Inherited Mobile Homes: Tax Con ..read more

Renovating your mobile home means you can alter the interior and exterior design however you like and create a new look to enhance the experience of your home. In this post, we’ll address these questions and give you the ins and outs of mobile home remodeling and mobile home renovation cost to help you decide if renovating your mobile home is worth your time and money. Should I Renovate My Mobile Home? When you decide to remodel your mobile home, you have the opportunity to redesign and upgrade your mobile home with new flooring, paint, cabinets, and maybe even some new furniture. Or maybe you ..read more

When it comes to owning mobile homes, there are two common scenarios: Renting a mobile home within a mobile home community or Purchasing a mobile home situated in a park This dual scenario provides flexibility in homeownership options and unlocks a realm of unique advantages.  The standout benefit of living in a mobile home park is its affordability. With the cost of housing on the rise, and limited budgets, finding a space that’s both comfortable and cost-saving can be difficult. Mobile home parks step in as a solution, presenting spacious living areas, energy efficiency, and wall ..read more

Having an old mobile home left behind on your property can be an eyesore, and that’s just one of the things to worry about as a property owner.  In this article, we’ll show you how to legally handle an abandoned mobile home on your property so you can get it to the state you want it. But first, when does the law consider a mobile home officially abandoned? This is when it’s left unattended for a long time. The specific duration might differ based on local regulations, usually, it could take several months of it being unused. If you don’t handle this situation properly, it being an eyesore ..read more

On average, manufactured or mobile homes are estimated to last between 20 and 55 years. However, this range is not set in stone. The life expectancy of a manufactured home is affected by several factors such as maintenance, installation expertise, and the home’s location. In this blog post, we will delve into the web of influences that can either enhance or shorten the life expectancy of your manufactured home. From diligent upkeep practices to the quality of materials used during construction, we’ll explore the key elements that can help extend the lifespan of your mobile home. Mobile Homes a ..read more