How much does a double wide trailer cost? This is one of the first questions on the mind of many prospective homebuyers considering manufactured homes. A double wide trailer typically ranges from $100,000 to $150,000, depending on factors like customizations and location. These homes offer more space than single-wide units, making them a popular choice for families or anyone wanting room to spread out.
Manufactured homes, particularly double wide models, have grown in popularity as they provide a cost-effective and flexible alternative to traditional site-built homes. Built in controlled factory environments, these homes boast efficient production methods and consistent quality, all while meeting federal construction and safety standards established by the U.S. Department of Housing and Urban Development (HUD).
For Maria, and many like her, double wide trailers represent a chance to own a modern, stylish home without breaking the bank. These homes offer ample space and comfort, making them an ideal choice for those who want an affordable housing solution custom to their needs.
How Much Does a Double Wide Trailer Cost?
How much does a double wide trailer cost? The price of a double wide trailer can vary significantly, typically ranging from $120,000 to $160,000. This includes the cost of the home and delivery. However, the total cost can go higher when you consider setup and additional expenses.
Factors Influencing Cost
Several factors influence the cost of a double wide trailer:
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Customization: The more you customize, the more it costs. Custom features like upgraded kitchens, luxury bathrooms, or specialized layouts can add to the final price.
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Size: Double wide homes range from 1,500 to 2,500 square feet. Larger homes require more materials and labor, increasing the cost.
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Materials Used: Quality materials for both the interior and exterior can affect the price. Opting for premium materials will increase the overall expense.
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Location: The cost of land and local property taxes can impact the overall price. Areas with higher property values will add to the expense of owning a double wide trailer.
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Setup Costs: In addition to the base price, setup costs can range from $7,000 to $47,000. This includes site preparation, foundation pouring, and utility connections.
Financing Options
Financing a double wide trailer involves different loan types and options:
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Credit Score: A good credit score improves your chances of securing better loan terms. Lenders often look for scores above 620 for manufactured home loans.
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Loan Types: Options include traditional mortgages, chattel loans, and specialized manufactured home loans. Each has different terms, so compare.
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FHA Loans: These government-backed loans are available for manufactured homes, offering lower down payments and more flexible credit requirements.
For many, financing can make owning a double wide trailer more accessible. Exploring different loan options and understanding your credit score can help you find the best financing solution for your needs.
Benefits of Double Wide Trailers
Double wide trailers offer numerous advantages that make them a smart housing choice for many individuals and families. Let’s explore some of the key benefits:
Cost-Effective Housing
Double wide trailers are known for their affordability. Compared to traditional homes, they often come at a fraction of the price. This is largely due to the efficient, factory-based construction process, which reduces labor costs and material wastage. In places like Laredo, Texas, double wide trailers provide an affordable path to homeownership without compromising on quality or comfort.
Sustainable Living
Opting for a double wide trailer can be an environmentally responsible choice. These homes are built using sustainable practices, which means less waste and more efficient use of resources. The factory setting allows for precise material usage, reducing the environmental footprint. Additionally, they can be designed with energy-efficient features, like improved insulation and energy-saving appliances, which help lower utility bills and reduce energy consumption.
Fast Turnaround Time
One of the standout benefits of double wide trailers is the speed at which they can be constructed and delivered. Unlike traditional homes, which can take months or even years to build, double wide trailers can be ready in a matter of weeks. The controlled environment of a factory setting eliminates weather-related delays, ensuring a quicker path to moving into your new home.
Appreciating Investment
While many might assume that manufactured homes depreciate over time, double wide trailers can actually appreciate in value, similar to traditional homes. This is particularly true when they are placed on owned land. As property values increase, so does the value of the home. This makes double wide trailers a viable investment option that can contribute to wealth accumulation over time.
By choosing a double wide trailer, homeowners can enjoy a blend of affordability, sustainability, quick construction, and potential for appreciation. These benefits make them an attractive option for those looking to own a home without the hefty price tag of a traditional house.
Customization and Features
When it comes to double wide trailers, customization is the name of the game. These homes offer a wide range of options to tailor the space to your needs and preferences. Whether you need more bedrooms, a garage, or a sunroom, you can create a home that’s just right for you.
Layout Options
Double wide trailers are incredibly versatile. You can choose from various layout configurations to fit your lifestyle. Whether you want an open floor plan or more defined spaces, the choice is yours. Many homeowners opt for three to four bedrooms with two bathrooms, but you can customize beyond that. Need an extra office or playroom? No problem!
Garages
Having a garage is important for many homeowners, and double wide trailers can accommodate this need. You can choose to have an attached garage for convenience or a detached garage for extra storage or workspace. The cost ranges from $20,000 to $28,000 depending on the size and materials used.
Porches
Porches can add charm and functionality to your home. Options include covered porches, screened-in porches, or open designs with railings. These additions not only improve the home’s curb appeal but also provide a space for relaxation or entertaining guests.
Basements
For those needing extra storage or living space, a basement can be a practical addition. You have the option of a walk-out basement or a crawl space, depending on your needs and budget. The cost for a basement foundation can vary widely, from $25,000 to $80,000, depending on the complexity and finish.
Sunrooms
A sunroom is a luxurious feature that brings the outdoors in. These spaces are perfect for enjoying natural light and can be used as a reading nook, plant haven, or additional living area. A three-season sunroom can significantly boost your home’s appeal and provide a cozy retreat.
With so many customization options available, double wide trailers can be custom to meet a wide range of needs and preferences. Whether you want to improve functionality or add a touch of luxury, these homes offer the flexibility to create your perfect living space.
Frequently Asked Questions about Double Wide Trailers
How much are most double-wide trailers?
When considering the cost of a double-wide trailer, it’s important to look at both the purchase price and additional expenses. On average, a double-wide trailer costs about $154,700. However, prices can range from $100,000 to $200,000 depending on factors like location, materials, and customizations.
Transport and assembly costs are additional expenses to consider. Transporting a double-wide involves multiple trucks and escort vehicles, which can cost $4.00 to $5.50 per mile for towing, plus $1.50 to $2.00 per mile for pilot vehicles. Assembly on-site requires skilled labor and can add to the overall expense.
Is it cheaper to buy a double-wide or build a house?
Double-wide trailers often present a more affordable option compared to building a traditional home. The controlled environment of factory construction reduces material waste and labor costs, making double-wides a cost-effective choice.
While traditional homes tend to appreciate over time, manufactured homes like double-wides can also appreciate, particularly when affixed to owned land. However, they may depreciate if not permanently installed. If you’re considering investment potential, attaching your double-wide to land could increase its value.
What credit score do you need to buy a double-wide mobile home?
Securing financing for a double-wide mobile home often depends on your credit score. Lenders typically require a minimum score of 620 for conventional loans. However, government-backed loans like FHA loans may accept scores as low as 500, provided you meet other requirements.
Loan options for double-wide trailers include chattel loans, mortgages, and government-backed loans. Chattel loans, which are secured by the home rather than the land, may have higher interest rates but are easier to obtain for those with lower credit scores. Exploring different lenders and loan types can help you find the best financing option for your situation.
Conclusion
At Manufactured Housing Consultants, we understand that buying a home is a big decision, and we’re here to make it easier for you. Our wide range of affordable options includes manufactured, modular, and tiny homes, ensuring there’s something for every taste and budget. Whether you’re considering a double-wide trailer or another type of home, we offer the guaranteed lowest prices and a large selection from top manufacturers.
Financing a double-wide trailer doesn’t have to be a hurdle. We provide specialized financing programs for all credit types, so you can find a plan that fits your financial situation. Our FICO Score Improvement Program is designed to help you boost your credit score, making it easier to secure the loan you need. From FHA loans to chattel loans, we guide you through the process to find the best option for your needs.
Choosing a double-wide trailer from Manufactured Housing Consultants means choosing quality, affordability, and flexibility. With our expertise and commitment to customer satisfaction, you’ll be on the path to homeownership in no time.
For more information on how double-wide trailers can be a valuable investment, visit our resale value page and explore the benefits of mobile home ownership.