The Pros And Cons Of Choosing Manufactured Housing
Manufactured housing may be the viable option for you if your intention is to living for less. You will find that you will spend less to purchase a manufactured home as opposed to going for the traditional one. One major hurdle in this housing format is that getting financing can prove tricky. 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.
Many people prefer purchasing the manufactured homes because they are cheaper. 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. The downside of this is that you will incur more costs.
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. You will have restricted choices in the areas of layout and design. If you are intent on going for a customized house, your options will be limited in this case.
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. Land that you can get by chance is sold for very high prices. Buying the land at the high price will cancel out the benefit you hoped to get when you chose this option.
People are motivated to go for the manufactured home option since they consider them versatile and of high quality. As well you will have the advantage of improved functionality and aesthetics because of the numerous features and customization.
You are participating in the preservation of the environment when you go for manufactured homes since prefabricated materials are used in their construction. 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. 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.