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Top Articles - Buying Mobile Homes - Watch For These Problems
Why are so many people buying mobile homes? Affordability is the primary reason. Buying a mobile for a first home, a retirement home, or even as a rental property investment - they all can make perfect sen
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
se. They do have their own particular problems though. Here are some of those problems, and what you can do about them.
Depreciation is the first big issue that comes to most peoples minds when they think
Depreciation is the first big issue that comes to most peoples minds when they think
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
about buying mobile homes. They all go down in value, it is assumed. You might someday owe $20,000 on a mobile home that can only be sold for $15,000, right?
That is absolutely right, IF you buy a mobile
That is absolutely right, IF you buy a mobile
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
home on a rented lot. The easy solution is to only buy mobiles that are attached to real estate, or that you will be putting on your real estate. My own first home was an old used mobile on a small lot. It
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
cost just $19,500. I sold it for $45,000 when I moved fourteen years later. Mobiles on land generally go up in value just like any other homes.
Of course, the best deals, even when they are on land, are
Of course, the best deals, even when they are on land, are
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
sed mobiles. They have already experienced any initial depreciation in value. They also have their own problems, though.
What To Watch For When Buying Used Mobile Homes
Many older mobiles were bui
What To Watch For When Buying Used Mobile Homes
Many older mobiles were bui
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
lt to meet different building codes than the more recent ones. For example, some mobile homes built before 1976 have aluminum wiring. This can be a fire hazard because of the chemical reaction between the
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
aluminum and other metals, which sometimes causes sparking inside the walls (not good). Remove an electrical outlet or switch cover, and look inside with a flashlight. If the bare ends of the wires are sil
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
ery, they're probably aluminum.
Take this into account when making your offer, because you may have to rewire the home to get it insured. In general, you will avoid many of these issues of construction st
Take this into account when making your offer, because you may have to rewire the home to get it insured. In general, you will avoid many of these issues of construction st
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
andards and codes if you buy only mobiles built after 1977. On the other hand, most problems are correctable, so you may just want to offer less.
The age of a mobile can also it tough to finance. If an ol
The age of a mobile can also it tough to finance. If an ol
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
er mobile home can be financed, it may be at a very high interest rate. Be aware of this, check into rates before making an offer, and take the higher payments into account when comparing your options. You
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
should also keep in mind that when you want to sell someday, this financing issue will make it difficult, unless you will be providing the financing for the buyer.
Age is also a big factor with insurance
Age is also a big factor with insurance
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
. Some older homes may just be uninsurable. See if you can obtain insurance at a reasonable rate before buying, and again remember that this may be an issue when you sell.
Wavy walls and crooked door fram
Wavy walls and crooked door fram
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
s indicate that the home is irregularly settling, the walls will sometimes show it. It may also show in the door frames, so see if the gap over the doors is straight in relation to the frame.
Stains on ce
Stains on ce
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
ilings indicate roof leaks. If it has recently rained and the stains are dry, the leaks have probably been repaired. Ask how long the roof was leaking. Quickly repaired leaks may not have done any damage,
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
ut if the roof is seriously sagging there may be rotten wood up there.
Watch for spongy floors. Many mobiles have particle-board for floors, and when these floors get wet, they warp and/or rot. Step hard
Watch for spongy floors. Many mobiles have particle-board for floors, and when these floors get wet, they warp and/or rot. Step hard
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
here and there to test, especially in bathrooms. I've rebuilt two bathroom floors in mobile homes. Fortunately it isn't all that expensive. The toilet area is a common place to find problems. Note whether
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
the toilet is level or leaning. Condensation from the toilet runs down and soaks the wood floor around it.
Most problems can be resolved for much less than in a traditional house, so if there are issues,
Most problems can be resolved for much less than in a traditional house, so if there are issues,
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
ou may want to use them as an opportunity to make a lower offer. The advantages of mobiles over traditional houses include the lower initial price, simplicity, cheaper maintenance, lower monthly payments,
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
less property tax, lower insurance cost, and perhaps even faster equity build-up (during low inflation - because of the shorter term of the loan). Don't let a few problems stop you from buying mobile homes
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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