You can opt for manufactured home if you are comfortable with the idea of living for less. You can get a manufactured home for much less compared with the traditional houses. However, one of the drawbacks of this type of housing is that getting financed for the purchase is not easy. 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.
The price tags on the manufactured home is an incentive that makes a lot of people go for them. The affordability is informed by their mass productions so they cost less to assemble. 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. 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. A manufactured home will not suit you if you are looking to have a personalized housing.
A manufactured house requires you to get a location where you will place it. With the dwindling land space in many areas, this can prove to be a tricky situation for you. Land that you can get by chance is sold for very high prices. 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. Additionally, you will enjoy customization and features as regards the functionality and aesthetics.
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.
You lack adequate room to undertake customization and upgrades when you go for the manufactured home as they come with preinstalled features. Additionally you are limited in terms of the amenities that you can put in the house.
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.