If you’re thinking about purchasing a home “some day,” have you considered a manufactured home? Many people feel that purchasing a home is out of their reach. But manufactured homes are far more affordable than stick-built homes — and the technology has significantly advanced. Here’s what you need to know.
You Can Buy a Manufactured Home
Individuals who don’t otherwise qualify for buying a property might be able to buy a manufactured home instead. Lending is more affordable and often more flexible. When thinking about a manufactured home, often the choice isn’t between a manufactured home and a “traditional” home — it’s between buying a manufactured home and property or continuing to rent. Buying a property is always better; you start building equity and you build credit.
But that’s not to say a manufactured home is a “second” choice. Manufactured homes are often the very first choice for those who are looking to improve their quality of life. This is because…
Manufactured Homes Have Vastly Improved
If you’re thinking about a manufactured home from twenty years ago, you aren’t thinking about the luxury manufactured homes that are manufactured today. Today, new fabrication and manufacturing technologies and processes make manufactured homes that are just as attractive and usable as “traditional” properties. In fact, you may be able to go into a manufactured home and not realize that it was manufactured. Nevertheless, because the processes used to make these homes are so refined, they can cost a fraction of what a stick-built home might.
That means that even if someone qualifies for a stick-built property, purchasing a manufactured home often means that they can get a bigger property with more amenities. They may be able to get a barebones traditional house, or a manufactured home with granite counters and hardwood floors — it’s all a matter of priorities and what you really desire in a property. Regardless, owning a manufactured home can improve quality of life, whether your alternative is continuing to rent, or your alternative is buying a house.
Buying a Manufactured Home
The process of buying a manufactured home is the same as any other home. You should take a look at lenders and find out more. Your lenders will go over your financial situation to determine what you can afford. From there, you can customize your property or find a property that uniquely suits you.
Are you ready to look into the home of your dreams? Contact Homes Direct AZ to find out more.