As a first time home buyer, finding the right home can be an intimidating task but with a little effort, it can be a smooth and exciting process. Purchasing a home in a mobile home community is achievable for those who are willing to do their research and plan accordingly. Keep reading for some tips and tricks to help first time home buyers navigate the process of buying a mobile home.
Determine your wants and needs – It’s important to take time to identify your needs and wants before starting your search for a mobile home. Consider factors like location, size, and cost. Determine if you want to buy a home that’s move-in ready or a one that needs some work, and if you prefer a single wide or double wide. Knowing what you want and need in a home will help narrow down your options, making the search more manageable.
Establish your budget – One of the biggest obstacles for first time home buyers is the cost of purchasing a home. Setting a budget is critical to ensure you stay within your means and can afford your payments. Be sure to factor in additional expenses such as down payments, security deposits, and closing costs. Look at your income and expenses carefully to determine what you can realistically afford. Parkhaven Communities has homes available within various price ranges to accommodate all budgets and lifestyles!
Consider RTO options – Rent to own options can be an excellent choice for first time home buyers who are unable to secure a mortgage or who have lower credit scores. Rent to own agreements allow renters to apply a portion of their monthly rent towards owning the home. We believe homeownership is for everyone and this option can work as a stepping stone towards becoming a full-time homeowner in a Parkhaven community in North Carolina, Alabama, or Georgia!
Do your homework – Before making your decision on a mobile home, do your homework. Research the neighborhood and the community where you plan to live. Consider schools, parks, and nearby amenities like grocery stores and restaurants. Stay informed and ask questions because this process can be confusing, so don’t hesitate to ask for clarification. Additionally, make sure the company you’re working with is reliable. Parkhaven conducts background checks on all their residents before moving in to ensure a safe and happy community for everyone.
Remember, owning a home is a big responsibility, but not impossible. Make sure you take the right steps by gathering information, setting a budget, visiting communities, inspecting the home, and creating a financing plan. With this knowledge, you’ll be well-prepared to find your perfect mobile home. To tour in any of Parkhaven’s communities in the Southeast, reach out today and we’ll get you scheduled right away. Enjoy the journey!
