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. You will however have a hard time accessing the financing for the purchase that you are planning to make. Additionally, the likelihood of the value of your house going down is very high as the website suggests. This article aims at outlining the pros and cons of manufactured home so that you can make an informed decision.
The price tags on the manufactured home is an incentive that makes a lot of people go for them. Since the units are mass produced the overall cost of assembly is lower. The catch in this arrangement is that lenders will be hard to come by. 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. Due to the lower base price you can be able to upgrade the structure. You will have restricted choices in the areas of layout and design. A manufactured home will not suit you if you are looking to have a personalized housing.
You need to look for a place to put your manufactured home if you take this route. This is a big challenge to you considering that a lot of areas have scarce land. If you happen to find a patch of land, you may face the challenge of its exorbitant price. 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.
People are motivated to go for the manufactured home option since they consider them versatile and of high quality. You will also get access to features and customization when it comes to aesthetics and functionality.
You are participating in the preservation of the environment when you go for manufactured homes since prefabricated materials are used in their construction. 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. Additionally you are limited in terms of the amenities that you can put in the house.
Manufactured homes do not fetch a good resale price in the market when you plan to dispose them. Locating a buyer for your house can prove to be very difficult. It will be hard for your home to compete effectively in the property market in comparison to other properties as the page suggests.
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