Outlining The Pros And Cons of Manufactured Homes
If the idea of living for less appeals to you, the manufactured housing may be the best for you. The cost of acquiring the manufactured home is far way less that the conventional stick-frame housing. One major hurdle in this housing format is that getting financing can prove tricky. In addition, your house can experience depreciation of its value after sometime. This article guides you in making the suitable choice by exploring the pros and cons of the manufactured homes.
One of the factors that leads a lot of buying choosing manufactured homes is their affordability. 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. You will need to attach your structure to a concrete foundation or basement if you want to qualify for mortgage. You will however pay more to undertake the process.
You will have the chance to access luxurious living at a much lower cost. The low base price of the home will enable you to add to the house. 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.
A manufactured house requires you to get a location where you will place it. This is a big challenge to you considering that a lot of areas have scarce land. Even in case where you manage to find the land, the prices are normally prohibitive. Buying the land at the high price will cancel out the benefit you hoped to get when you chose this option.
Most of the manufactured homes are of high quality and flexibility. You will also get access to features and customization when it comes to aesthetics and functionality.
The fact that prefabricated materials are used in the construction of the manufactured homes, the structure is friendly to the ecosystem. In addition, you are able to cut down on the construction waste.
The rigid design of the manufactured homes means that you are not allowed sufficient room to carry out customization and adjustments. The design of the house as well limits you on the level of amenities that you can place.
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. Additionally, it is not easy finding a willing buyer for your property. Your home will not have a competitive edge in the market when compared with others.