Lifespan of Palm Harbor Home

[Penny]

Hi,

We currently own a site built spec home in a new subdivision. However, we would love to lower our housing expenses. We found a Palm Harbor we like. It is 2000 sf, $77000. With the land and installation I am guessing it would reach 100k. Is that a really bad investment to step down from our current home (worth 160k) and get a manufactured for 100k? It seems like a lot of money for a manufactured home. If it is structurally sound, then that would be fine, but I am inexperienced in this area and don't want to make a costly mistake.

How long will the home last? Is it really comparable to a site built home like they say?

Also, if we put it on a nice piece of land, and maintain it well, will it still depreciate?

Thanks!

Penny

[Bob]

Penney, check out the library here on this site. You will find most anything you want. I was actually in your exact situation five years ago. My previous home was also custom and site built. I actually eliminated my mortgage in going factory built and I also have it placed on my own acre of land. And yes my home has appreciated greatly. You will need to take lightly the sometimes negative attitude some people may have here, but If I were to do it again, the answer would be yes.
Good luck in your search, Knowledge is power!