permanent foundation

Are there any advantages to having a mobile home on a permanent foundation?

Comments(3)

  • rajwarrior25th June, 2003

    At least here, yes. Most DW's here are either brick or block underpinned and are then deeded with the property. That way, lenders and insurance companies treat them more like houses, offering better rates and terms. I've seen it done also with singlewides.

    By deeding the mobile with the property, you also change its tax statis from 'personal' to 'real' property.

    Roger

  • TNMoneyman25th June, 2003

    what affect,if any, does it have on depreciation?

  • rajwarrior25th June, 2003

    Not much really. It's still a mobile home. On DW's it helps a little, especially for anything manufactured within the last 10 years (mainly because the quality of construction is better).

    Best case, though is that the DW w/land will hold it's value, whereas a home will increase in value.

    Roger

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