Was this a good deal?

[Lisa]

We recently bought a 2000 Oakwood doublewide, 28x60, that had been repossesed. The home had been repossessed for 2 weeks when we put our bid in. It looked like the previous owners had really tried to take care of the home, and kept it very clean. We inspected things like the thickness of the sheetrock, how sturdy the cabinets are, etc. It seemed to be fairly good as far as quality is concerned. We put in a bid of 14,000.00 and they accepted. We thought that was an awesome price for the home. Now I am hearing all these horrible things about Oakwood homes. Was this a good deal? Did we just get a nightmare of a home? Is the quality of all Oakwoods very poor? Thanks for any input!

[jgn]

If you looked at the home and it looked good to you than you a probably OK. One of the problems with Oakwood has been dealer and factory support but in your case this is not a issue. Make sure you get a good crew to do the setup, pour footers and perimeter pour, install good quality skirting. You got a 1600 sf home for a little over $8 per foot add another $10k for setup and footers and you are still in at $14 psq. If you have to put some money into it to fix a few defects, which you willprobably find, than you are still way ahead of the game. One of the major problems with any home is the foundation and if it shifts you have problems so make sure you have a good solid runner system even if you pay a little more.

[Gene]

MYTH: MOBILE HOME LIVING IS MORE AFFORDABLE

For owner-occupants, average monthly operating expense is 123% higher in a mobile home than all other forms of housing.
Interest rates are typically 4 to 5% higher to finance a mobile home than for other types of housing; the same monthly payment will buy more house if it is not a mobile home.
Insurance premiums are 50 to 60% higher, and it is difficult to get adequate coverage.
Economic life of a mobile home is generally no more than 20 years, with substantial depreciation in the first five years; many new buyers finance over thirty years, leaving them with a negative investment at about the same time they need to make major repairs.

I "borrowed" the above info from this website: http://www.northcountryaffordablehousin ... about.html

I owned a mobile home for about four years. This website spurts my beliefs.
I wish you the best.

[Quest]

I agree, mobile homes are nothing compared to the better built manufactured homes of today.