Outlining The Pros And Cons of Manufactured Homes
You can opt for manufactured home if you are comfortable with the idea of living for less. The cost of acquiring the manufactured home is far way less that the conventional stick-frame housing. One major hurdle in this housing format is that getting financing can prove tricky. In addition, your house can experience depreciation of its value after sometime. This article guides you in making the suitable choice by exploring the pros and cons of the manufactured homes.
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. Finding lenders for your planned purchase is not easy. The condition that you need to fulfil to get the financing is to give your home a permanent appearance through attaching it to the basement or concrete. You will however pay more to undertake the process.
When you go for a manufactured home you stand to enjoy luxury by paying less. The low base price of the home will enable you to add to the house. The disadvantage that you will face in this instance is that you will be limited when in terms of the design and layout. 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. This is a big challenge to you considering that a lot of areas have scarce land. Even in case where you manage to find the land, the prices are normally prohibitive. It will not make any financial sense to buy the land as it will defeat the purpose of the manufactured home as you learn more.
One advantage of manufactured homes is that they are of good quality and are versatile. You will also get access to features and customization when it comes to aesthetics and functionality.
The fact that prefabricated materials are used in the construction of the manufactured homes, the structure is friendly to the ecosystem. As well you will have less waste resulting from the construction.
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. You will find it challenging to get a buyer who is willing to purchase your house. It will be hard for your home to compete effectively in the property market in comparison to other properties as the page suggests.