The Pros And Cons Of Choosing Manufactured Housing
If the idea of living for less appeals to you, the manufactured housing may be the best for you. You will find that you will spend less to purchase a manufactured home as opposed to going for the traditional one. You will however have a hard time accessing the financing for the purchase that you are planning to make. 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 only way that you can be eligible for mortgage is by attaching the house to a basement or concrete permanently. 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. 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 intent on going for a customized house, your options will be limited in this case.
When you buy a manufactured home, you will need a place where you will place it. With the dwindling land space in many areas, this can prove to be a tricky situation for you. If you happen to find a patch of land, you may face the challenge of its exorbitant price. 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. 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. As well you will have less waste resulting from the construction.
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.
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. Your home will not have a competitive edge in the market when compared with others.