Pros and Cons in Buying a Manufactured Home

The demand to construct and own a manufactured home has been tremendous these past few years. It has been reported to have lower taxes than the traditional houses. Manufacturers have been doing all their best to provide a high quality manufactured dwelling. But before you buy a manufactured home, you need to look at the potential pros and cons.

Cost of a Manufactured Home

Manufactured Home in Michigan

Generally speaking, manufactured home is less expensive than a traditional home. The materials used are purchased in bulk and their costs are discounted because general contractors have specific and trusted manufacturers who provide the said materials and products. The costs will then be converted to the home buyer at a lesser price as well. Because it is made inside a factory under controlled conditions, a costly event or accident is less likely to will impact the building process. General contractors see to it that each phase of the process needs to be done according to schedule with no delays and each employed worker is trained. However, since you must rent or purchase land on which to place the home, you’ll need to consider land cost as a possible drawback.

Manufactured Home Financing

Manufactured home financing is also inevitable even if building one is inexpensive. A home buyer still must finance the construction if he can’t pay in cash. A conventional loan is not possible if you are not building a manufactured home on a permanent foundation, and if you want to build a permanent foundation, you have to buy the land. Fortunately, there are lenders and home dealers today who can grant a personal property loan. While it is considered to be the most feasible by some, this type of loan has higher interest rates than the mortgage given by real property.

Construction Process of Manufactured Home

The construction of a manufactured home is faster than the conventional home. While a traditional home is built at about six months or a year or even more, it will only take no more than 3 months to build a manufactured home. This is the fact that it is being accomplished in an indoor and closely monitored and controlled factory. Construction on the site can commence even if the sections of a manufactured home are not delivered yet. It then cut the time spent on the building process into half. Moreover, modifications or repairs to a customary home can take a month or two, leaving you to wait even longer.

Styles and Additions for a Manufactured Home

When considering buying a manufactured home, it is equally important to look at its different styles. These manufactured home styles bring potential pros and cons to home buyers and manufacturers as well. There are styles that may not meet the type of dwelling you’re looking, while others may not allow you to make such changes. You’ll find a variety of styles, designs, layouts for a manufactured home, but at some point you will of design, layout and other significant features, but you may not find the be going to alter or add some of its features.

Customization and additions given to a manufactured home will cost lower than in a traditional home. However, sometimes making major changes to the standard layout or floor plan can be a pitfall. You will spend more and sometimes its quality becomes narrow.

The bottom line in buying a high quality manufactured home is finding an experienced home builder. You can start with Legendary Homes, Inc, who service the people of Michigan, Ohio and Indiana for the last 20 years now.

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Topic: Manufactured Home

Pros and Cons in Buying a Manufactured Home