Shopping for a new home can be overwhelming, since locating the perfect house that is in your desired location and within your budget is so challenging. Fortunately, buyers are seeing the benefits of purchasing new mobile homes that can be constructed in custom ways on areas of land in your preferred locations. While the benefits are easy to see, manufactured homes do have negative stigmas associated with them. With this guide on common myths, you will better understand the construction, placement, and financing options of mobile homes.
They Are Poorly Built
Many people believe manufactured homes are not built as well as traditional stick-built houses, or that these homes are more susceptible to damage from fires and other disasters. While shocking to learn, mobile homes are constructed using the same and sometimes even more durable materials because they will need to be transported.
Manufactured homes are constructed according to HUD codes. This backing by the United States Department of Housing and Urban Development ensures the home is built on a permanent chassis, improving the structure's quality and durability. This construction also decreases the risk of fire and wind damage.
You Will Have to Rent a Lot
Another common misconception regarding mobile homes is that it must sit on a rented lot. Renting a lot is an added expense, increasing living costs. Thankfully, you do not have to move your manufactured home onto a rental lot in a trailer park or mobile home community. Today, more and more buyers are purchasing a package that includes both the home and the land.
When purchasing the mobile home package, you will need to decide on the type of underpinning. To reduce costs, you can opt for an aluminum underpinning, which covers the open space between your land and the mobile home. For a more appealing and traditional look, consider a brick underpinning. This offers a more traditional, brick foundation appearance that is common with stick-built homes.
Mobile homes placed on your own piece of land with a brick foundation are more valuable, less likely to depreciate, and easier to finance.
They Are Cookie-Cutter Homes
You may have heard the term cookie-cutter home. Also known as tract-built, these homes are constructed quickly with similar options and layouts. Most buyers believe mobile homes are also cookie-cutters, meaning they lack variety and contain inexpensive materials and updates. This is another myth that surprises many buyers.
Most manufacturers of mobile homes offer an enormous selection of floor plans, upgrades, colors, and designs, so there is an option suited to everyone's personality and budget.
Designs range from standard double- or single-wide mobile homes to ranch-style houses with large front porches. You can pick and choose updates that you desire while staying within your budget. For flooring, choose from laminate, tile, or hardwoods. When it comes to your plumbing, opt for low-flow toilets and faucets and even a whirlpool tub in your master bath. From vaulted ceilings and stone fireplaces to screen porches and stainless steel appliances, mobile homes are definitely not cookie-cutter houses.
Financing Is Difficult
If you are like most buyers, you will not be able to pay cash for your home, so you will need to apply for a mortgage. While not a simple task, financing a mobile home should not be considered difficult either.
To receive the best rates and the best mortgage protection, HUD requires that your manufactured home and plot of land meet installation standards, have an adequate supply of water, proper disposal of sewage, and a one-year warranty. To ensure your home remains valuable and does not suffer from future depreciation, HUD also recommends that mobile homes be installed on a brick, permanent foundation.
Home ownership is a dream for most people. With the purchase of a new manufactured home, you can realize this dream in a customized, affordable manner.