Outlining The Pros And Cons of Manufactured Homes
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. 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.
The price tags on the manufactured home is an incentive that makes a lot of people go for them. 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. 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. You will however pay more to undertake the process.
By choosing a manufactured home you have the opportunity to enjoy luxury at a lower cost. This mode of housing affords you the opportunity to make upgrades owing to the low base price. You will face challenge in this regard as you will be restricted as pertains to 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.
When you buy a manufactured home, you will need a place where you will place it. 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. 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. You will also get access to features and customization when it comes to aesthetics and functionality.
Since the manufactured homes are made from prefabricated components the structure are ecofriendly. Additionally you minimize the level of construction waste.
You lack adequate room to undertake customization and upgrades when you go for the manufactured home as they come with preinstalled features. 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. You will find it challenging to get a buyer who is willing to purchase your house. The house will not be able to compete with other properties in the market.