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 aims at outlining the pros and cons of manufactured home so that you can make an informed decision.
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. You will need to attach your structure to a concrete foundation or basement if you want to qualify for mortgage. The downside of this is that you will incur more costs.
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. A manufactured home will not suit you if you are looking to have a personalized housing.
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. Buying the land at the high price will cancel out the benefit you hoped to get when you chose this option.
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.
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. Locating a buyer for your house can prove to be very difficult. Your home will not have a competitive edge in the market when compared with others.