Manufactured Homes Offer a great Solution for Affordable Housing

Whether you are a first-time home buyer or a seasoned veteran of the real estate market, the biggest challenge you face in purchasing a home is tailoring your wish list to your budget. Today's savvy buyers can make informed home purchasing decisions that merge budgetary concerns with premium features. Manufactured homes are an excellent choice for buyers who appreciate value, quality, and plenty of options.

Compare Costs

Prices for factory-built mobile homes range from under $20,000 to over $100,000. According to the United States Census, the average cost of a manufactured home between 2005 and 2009 was $41.24 per square foot. In comparison, the cost of a site-built home during the same time period averaged $83.89 per square foot, more than twice the cost of factory-built dwellings.

The Manufactured Housing Organization offers a more general cost comparison, stating that the average mobile home costs between 10 and 35 percent less than a comparable site-built home, exclusive of the land it is built on.

Purchasers who select manufactured homes are eligible to apply for similar financing terms, interest rates, and types of financing as those buyers who choose site-built homes. However, because the cost of mobile homes is typically far lower than comparable site-built houses, the down payment and monthly loan installment payments will be lower as well.

Compare Construction

Site-built homes are subject to local building codes and a final inspection to ensure that they comply with quality and safety standards. Mobile homes must comply with the Manufactured Home Construction and Safety Standards, or HUD code. The U.S. Department of Housing oversees the administration of the HUD Code throughout the country. It regulates standards of design, durability, construction, strength, energy efficiency, transportability, and fire safety of mobile homes. The HUD Code also regulates the quality of HVAC, plumbing, and electrical components.

As for quality inspections, factory-built houses undergo professional scrutiny at every phase of construction to ensure compliance with federal HUD standards. In the final analysis, both local building codes and HUD codes demand similarly high levels of construction quality and safety that ensure both manufactured homes and site-built dwellings represent a solid value for purchasers.

Factory-built homes are subject to predictable production schedules that are not delayed by such factors as weather and sub-contractor no-shows like site-built projects can be. All construction materials are stored in warehouses rather than out in the elements where materials would be vulnerable to moisture or other damage. In addition, production time for a modular home is often about 1/3 of site-built construction, so a family can be settled in a brand-new, custom home within a few weeks of purchasing it.

Value-Added Options

With such a large variety of floor plans available, tailoring a home to fit a wish list within a reasonable budget is easier than ever before. Computer-assisted design programs invite purchasers to customize their homes, modeling interior spaces to fit family size and lifestyle. Sales representatives can help homeowners create a unique exterior profile with such additions as gable fronts, bay windows, and porches.

Optional features like custom cabinets, spa bathroom fixtures, and kitchen islands represent a double value for purchasers. Luxury add-ons are typically significantly less expensive than purchasing the same item for a site-built home. This is due to the manufacturer's ability to get discount pricing on volume purchases. Additionally, purchasers often increase their homes' resale value by opting for upscale, custom features.

Purchasing a manufactured home is an affordable way for a family to realize the dream of owning a beautiful new home. If you are looking for quality, incomparable value, and flexibility, look into manufactured homes today!