Despite what the news says, housing prices in many parts of the United States have soared in recent decades.
Getting a studio apartment can cost hundreds of thousands in some of the most desirable neighborhoods. In some areas of California, a 1,000 square foot house can cost in the $500,000 range or higher. Most people cannot afford this price, so they continue to rent. A new manufactured home can be just the ticket to ensure that these families can get the house of their dreams.
Most people think of old-school, single-wide trailers with aluminum siding and an underpinning or lattice work to keep animals from crawling under the home when they think of manufacture housing.
These “homes” were fire hazards because of the materials used. They were also poorly built. The trashy trailers of 30 to 40 years ago are not the common manufactured home of today. In most instances, manufactured homes are built to specific building codes in a controlled environment using the same materials that go into stick built homes. There are many reasons why a manufactured home can be a better buy than a home that is built on site.
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1. The Speed of Production
Mass production brought speed, efficiency and lower costs to the car industry in the early twentieth century. The top manufactured home builders use the same principles. Manufactured homes are built in a controlled environment. Builders assemble them them in sections in a large building. The process is much quicker because the workers construct in stages. There is little of the wait time that builders of stick homes might experience.
2. Lower Costs
The materials necessary to build a manufactured home are all bought in bulk and are on the building site when needed. Therefore, the lower product cost and the relative speed of production leads to lower costs. The top manufactured home builders can thus save families looking to buy a new home quite a bit of money over the cost they might see when pricing a stick built home. Even though the costs are lower, the production process still results in very sturdy and safe homes.
3. Easier Accessibility
The lower production costs that are associated with manufactured housing can then be passed on to the buyer. When the prospective buyer heads to the bank for a loan, he or she might be surprised with the type of home that they can actually afford. Additionally, some manufacturers will handle their own financing. All that is needed is a lot on which to set the house up. There will be some costs associated with prepping the site and setting up the home, but the overall cost will still usually come in lower.
When it comes to getting a new home, buyers should not overlook the possibility of a manufactured home. Houses built in a controlled environment tend to be ready more quickly at a lower price. In this way, more people are able to afford the home of their dreams.