The Pros And Cons Of Choosing Manufactured Housing
Manufactured housing may be the viable option for you if your intention is to living for less. The cost of acquiring the manufactured home is far way less that the conventional stick-frame housing. 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 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. The reason for the affordable prices is because the units are made on assembly lines and they are mass produced. 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 interested in a housing option that will give you room for customization you will be better off avoiding the manufactured variety.
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. Land that you can get by chance is sold for very high prices. The price that you will pay for it will negate the benefits that you had initially envisaged for the manufactured home.
People are motivated to go for the manufactured home option since they consider them versatile and of high quality. Additionally, you will enjoy customization and features as regards the functionality and aesthetics.
You are participating in the preservation of the environment when you go for manufactured homes since prefabricated materials are used in their construction. In addition, you are able to cut down on the 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. You will find it challenging to get a buyer who is willing to purchase your house. Your home will not have a competitive edge in the market when compared with others.