Manufactured housing may be the viable option for you if your intention is to living for less. You can get a manufactured home for much less compared with the traditional houses. 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. The affordability is informed by their mass productions so they cost less to assemble. Finding lenders for your planned purchase is not easy. The only way that you can be eligible for mortgage is by attaching the house to a basement or concrete permanently. The drawback in this case is that it will cost you more.
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 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. Even in case where you manage to find the land, the prices are normally prohibitive. The price that you will pay for it will negate the benefits that you had initially envisaged for the manufactured home.
One advantage of manufactured homes is that they are of good quality and are versatile. As well you will have the advantage of improved functionality and aesthetics because of the numerous features and customization.
The fact that prefabricated materials are used in the construction of the manufactured homes, the structure is friendly to the ecosystem. As well you will have less waste resulting from the construction.
The rigid design of the manufactured homes means that you are not allowed sufficient room to carry out customization and adjustments. Additionally you are limited in terms of the amenities that you can put in the house.
You will be faced with low resale value when you plan to dispose the manufactured home. 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.