Exploring The Pros And Cons Of Buying Manufactured Homes
If the idea of living for less appeals to you, the manufactured housing may be the best for you. The cost of acquiring the manufactured home is far way less that the conventional stick-frame housing. You will however have a hard time accessing the financing for the purchase that you are planning to make. Your house also risks having its value going down over time. This article is aimed at explaining the pros and cons of manufactured homes so that you can make the right decision.
One of the factors that leads a lot of buying choosing manufactured homes is their affordability. The reason for the affordable prices is because the units are made on assembly lines and they are mass produced. The catch in this arrangement is that lenders will be hard to come by. The only way that you can be eligible for mortgage is by attaching the house to a basement or concrete permanently. The drawback in this case is that it will cost you more.
You will have the chance to access luxurious living at a much lower cost. This mode of housing affords you the opportunity to make upgrades owing to the low base price. You will have restricted choices in the areas of layout and design. If you are interested in a housing option that will give you room for customization you will be better off avoiding the manufactured variety.
When you buy a manufactured home, you will need a place where you will place it. With the dwindling land space in many areas, this can prove to be a tricky situation for you. If you happen to find a patch of land, you may face the challenge of its exorbitant price. Buying the land at the high price will cancel out the benefit you hoped to get when you chose this option.
Most of the manufactured homes are of high quality and flexibility. As well you will have the advantage of improved functionality and aesthetics because of the numerous features and customization.
The fact that prefabricated materials are used in the construction of the manufactured homes, the structure is friendly to the ecosystem. In addition, you are able to cut down on the construction waste.
Since the manufactured homes come with specified features you may have little room to make modifications or customization. The design of the house as well limits you on the level of amenities that you can place.
The disadvantage of settling for a manufactured home is that it will fetch lower resale price when you decide to put it up for sale. Additionally, it is not easy finding a willing buyer for your property. It will be hard for your home to compete effectively in the property market in comparison to other properties as the page suggests.