Begin the New Year in a New Manufactured Home!
After the economic downturn that began around 2008, the American housing markets, including that of manufactured homes, have begun to show recovery. In fact, manufactured housing sales are almost back to their 2009 levels.
Those in the market to buy a new home may find the new year presents an ideal opportunity to do just that with a new manufactured home.
According to Zillow, site built home prices rose 5.1% across the United States between February 2012 and February 2013. Every indication suggests that those price increases have further escalated during 2013 and will increase exponentially going forward into 2014.
In the meantime, the prices of manufactured homes have remained relatively constant with a typical manufactured home pricing being about half the price of a comparable site-built home. The price gap will likely widen going forward.
With the ongoing weak economy and stagnant wages, there are many who are being eliminated from realizing the American dream of home ownership. That conventional wisdom is not necessarily true.
Today’s manufactured home is the ideal choice for thousands of home buyers who have discovered the quality and affordability of America’s dream home.
A new manufactured home is built as well or better, and is virtually indistinguishable from a site-built home. An ordered manufactured home can be custom built to the exact needs and desires of the home purchaser.
Financing terms, interest rates, and conditions of a mortgage are the same as a site built home when placement conditions are the same. So where and how do you begin?
Having A Plan
Having a well thought plan is essential when buying a home, as such a purchase is not something a buyer should take lightly.
Establishing a budget is the first step, this means taking inventory of savings, expenses and borrowing power.
For more info on budgeting: click “How To Estimate Your New Manufactured Home Budget”
Determining Where You Want To Live
Where you locate your manufactured home is as equally important as which home you purchase. A new manufactured home is built and delivered to the site of your choice.
Typically a new manufactured home is placed either on private land you own or will be purchasing, or you may elect to place your new home in a land-lease community. Your purchase price usually includes the cost of the home installation in either situation.
Read our blog entitled: “Tips On Placing A Manufactured Home On Land You Own” for more information if your choice of placement is private property.
For information on land-lease community placement, refer to our blog entitled: “Choosing A Land-Lease Community And What Questions To Ask”
Search Floor Plans And Get Pricing Quotes
Here at ManufacturedHomes.com, you will be able to shop and discover your dream home from the comfort of your current home. Search and compare floor plans, see videos, and secure price quotations for manufactured homes available anywhere in the country.
Read “How To Read Manufactured Home Floor Plans” to ease the process of choosing your home.
ManufacturedHomes.com also has almost 200 articles about everything you might want to know about new manufactured homes, including how manufactured homes are built, sold, financed,appreciation, warranties, and customization options. This comprehensive library is presented exclusively for the benefit of the potential manufactured homeowner. We are confident that the more you known about manufactured homes, the more you will realize that the manufactured home is your affordable dream home.
Happy New Year and Welcome Home!