It’s no surprise that manufactured homes are becoming more popular with millions of Americans. The availability of great manufactured home financing options as well as the countless other benefits of having a manufactured home make it a great option for home ownership. Here are the top 4 main benefits of having a manufactured home.
Manufactured homes are much cheaper than site-built homes. Did you know that on average, a new manufactured home costs $41 per square foot, while a new site-built home costs $84 per square foot? This spells a huge difference that adds up to thousands of dollars off the purchase price.
The reason why manufactured homes are less expensive isn’t because they are lower in quality. It’s because they cost less to build. The materials are purchased in volume, meaning lower costs, and are also protected from weather damage and theft. On the other hand, the unpredictability of building a house on-site could result in many small costs that add up to a large amount. In addition, manufactured homes are built in controlled environments. As such, they protected against the weather, so construction schedules are 5 times shorter than for a site-built home.
Safe and Energy Efficient
The safe and controlled environments in which manufactured homes are built leads to a very high quality of home built. The safety standards set by HUD for manufactured housing guides construction, design, and performance. The strict standards mean that today’s manufactured homes are both safe and energy efficient.
Continuous inspections are made throughout the whole construction process. Even after construction is finished, manufactured homes are subjected to the same safety and building standards as a site-built home.
Lower costs do not always mean lower quality. Safety and energy efficiency standards are not taken lightly when it comes to us manufacturing your dream home.
A lower purchase price does not mean fewer amenities. Manufactured homes vary in size and price and you could have just about anything you’d like in a manufactured home. Some commonly desired features in site-built homes can easily be incorporated in a manufactured home like bathrooms with whirlpools, walk-in closets, or bay windows.
Availability of Mobile Home Financing
One of the biggest worries potential homeowners have is that of financing their home. In this aspect, manufactured homes may have an advantage.
Mobile home financing options include FHA loans, VA loans, and USDA loans which are similar to mortgages for site-built homes. Of course, each loan has its own requirements in terms of credit score requirements, down payments, loan limits, and interest rates. With so many financing options, one does not need to worry about financing their manufactured home.
Getting Your Dream Manufactured Home
If you are interested in getting your own manufactured home, Michigan Home Zones is your ideal partner who will help you throughout the entire process. Feel free to contact us today and our friendly customer representatives will contact you soon.