Outlining The Pros And Cons of Manufactured Homes
Manufactured housing may be the viable option for you if your intention is to living for less. The cost of acquiring the manufactured home is far way less that the conventional stick-frame housing. 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 aims at outlining the pros and cons of manufactured home so that you can make an informed decision.
Many people prefer purchasing the manufactured homes because they are cheaper. Since the units are mass produced the overall cost of assembly is lower. However, you will not be able to access lenders easily. You will need to attach your structure to a concrete foundation or basement if you want to qualify for mortgage. 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. 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.
You need to look for a place to put your manufactured home if you take this route. You will find yourself in a difficult situation since getting empty land space in a lot of areas is tricky. 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.
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.
Since the manufactured homes are made from prefabricated components the structure are ecofriendly. Additionally you minimize the level of construction waste.
Since the manufactured homes come with specified features you may have little room to make modifications or customization. You will as well find that you are limited when it comes to the amenities that you can put within the house as you can view here.
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. The house will not be able to compete with other properties in the market.