How do I find out what kind of mobile home I have?

The mobile home manufacturer and model names can be located by using the Department of Housing and Urban Development (HUD) label, which is located on the exterior of the mobile home, compliance certificate or data plate. (The data plate is located on the inside of the home.)

How can you tell how old a trailer is?

10th digit in VIN code is last ‘digit’ of the model year. If the tenth digit in the VIN was an 8, then the trailer was made in 2008. The model year digit is the tenth digit.

What is difference between replacement cost and actual cash value?

The difference is that replacement cost insurance pays for the full replacement cost of your items, whereas actual cash value insurance only pays for the depreciated value. With replacement cost insurance, you’ll have enough money to replace your belongings. (And actual cash value insurance will pay for much less.)

How much does it cost to demolish a mobile home?

The size and condition of your mobile home, its location, and more will play a role in which mobile home removal method you choose and how much it will cost. Demolition is the fastest and most inexpensive way to remove a mobile home. It typically costs between $4,000 – $5,000 to demolish your mobile home.

Who are the owners of mobile home parks?

The spaces sit on a parcel of land and are typically placed within 500 feet of each other. The spaces on this parcel of land are owned by the same owner or owners, who must intend to use the land to rent the space for a fee or other compensation.

What did Dave Ramsey say about buying a mobile home?

Once more, I have to disagree with financial guru Dave Ramsey. Just like his advice about the use of credit cards (he says don’t use them, but I’ll get $2,000 in sign-up bonuses and cash back this year), he oversimplifies when advising readers not to buy mobile homes.

Can a mobile home go down in value?

He says they go down in value, and adds “when you buy a mobile home, you’re buying a very large car in which to live.” Yes, mobile homes go down in value; at least, if you buy them new and put them on a rented lot. But there are at least two situations where mobile homes make sense — and can help you save big money.