Are you looking for a new home? Have you considered a manufactured home? Check out 5 benefits of living in a manufactured home.
Believe it or not, more than 36.6 percent of the population rents their home. That means millions of Americans are paying rent to landlords and getting nothing more than a roof over their heads.
If you could buy a house, that same amount of money would go towards your mortgage and a house that you own. Owning a home is an investment in your future and your financial wellbeing.
But what if you’re on a tight budget? Buying and living in a manufactured home is a great choice. Here are a few of the benefits you can expect.
1- They’re Affordable
The median home price across the United States is about $199,200. When you’re working to pay down debts and worry about making rent each month, that price puts homeownership out of reach.
Manufactured homes are much cheaper, costing on average about half of the median home price. And they’re easy to finance with manufactured home loans.
Since the purchase price for the unit is so much lower, more people can qualify for the loan in the first place.
2- Same Amenities as Standard Homes
It’s a common misconception that manufactured or modular homes are somehow lower quality than site-built homes. But this isn’t the case.
When you move into a manufactured home, you don’t have to sacrifice amenities or decorative touches. In fact, most manufactured homes have the same amenities you’d find in a site-built house.
Just as with regular houses, manufactured homes come with unique touches. And you’re free to upgrade them as you see fit.
If you’re buying a new unit, speak with the company about the amenities you’d like included.
3- Modern Homes Are Energy Efficient
Modern manufactured homes get built according to residential standards. This means they’re properly insulated, can feature energy-efficient windows, and energy-saving appliances.
Choosing to live in a manufactured home doesn’t mean you’ll spend any more on utilities than you would in a site-built home. In fact, there’s a good chance you’ll spend less.
4- They Include a Warranty
When you buy or build a site-built house, you’re responsible for most repairs and issues that pop up after you move in. Unless you can prove there was a mistake during the build process, the contractor probably won’t cover the repairs.
Manufactured homes, on the other hand, come with a warranty. The exact terms of your home warranty will vary depending on the manufacturer. But most cover the structure itself and provide additional warranties on fixtures and appliances.
But one this is for sure: if something breaks, it’s probably covered, saving you money in the long-run.
5- You Can Customize the Space
When you rent a home or apartment, you’re forced to live by the landlord’s rules. This means you can’t paint the walls or upgrade appliances without express permission.
But when you’re living in a manufactured home that you own, you’re free to customize the space as you see fit.
Don’t like the wall colors? Paint them! And if you’re tired of worrying about carpet stains, get rid of it and install wood or luxury vinyl floors.
The only limit is your imagination. And since the loans on most manufactured homes are small, you’ll still pay about what you would rent an apartment. But you’ll gain the freedom to make the house your home.
Experience the Benefits of Living in a Manufactured Home
Buying a manufactured home is a great way to become a homeowner, especially on a limited budget. But there’s more to living in a manufactured home than just picking a floorplan.
You need to make the space your own. Check out our latest posts for tips on making any house feel like home.