Ways On How To Properly Choose A Manufactured Home
Manufactured homes used to look and feel boring. In the past, these manufactured homes only come in very simple, rectangular models. In recent years however, the appearance and features of manufactured homes have become more exciting and innovative. Prospective buyers may now choose from a wide assortment of models, ranging from single-section manufactured homes to houses with multi-sectional formats. Furthermore, manufactured homes now come in many sizes, ranging from 900 to 2,500 square feet. These homes may also be customized to meet the personal preferences as well as needs of clients.
When shopping for a manufactured home, here are important questions that you need to ask:
- What are the features made available by these types of housing structures?
Manufactured homes are similar to traditional housing structures, as they also come with customized features. As makers of manufactured homes utilize CAD programs, homeowners are given the flexibility to realize their desires through a variety of custom made decorations and floor plans. Buyers can now choose among a wide assortment of designs for both the exterior and interior of a manufactured home. Personal preferences and budgets can now be factored in when designing your very own home.
With manufactured homes designed with the help of computer-aided programs, homeowners can choose the materials, colors, and textures for exterior sidings, interior floorings, ceilings, wall systems, and awnings to name a few.
- How much should I be paying for a manufactured home?
A new home can cost between $15,000 up to $100,000. The huge variation is mostly due to the fact that homeowners can now choose from a wide array of sizes, floor layouts, and customized features that they want their house to showcase. Bear in mind that the price of a manufactured home does not include the price of the land where it will finally installed. Homeowners have the option of buying or leasing the land prior to the installation of their manufactured home.
- What are the available financing options for manufactured homes?
Manufactured home retailers will be able to provide you with possible financing options. Go ahead and check out financing options from lenders in your city or state. There are numerous financing options if you are keen on owning a manufactured home. In essence, the financing options as well as terms such as down payments and mortgage terms for manufactured homes are somewhat similar to mortgage options for site-built homes. Loan terms range from a minimum of 15 years up to 30 years, and can be obtained through a fixed variable rate mortgage or a variable rate mortgage. There are lenders that allow homeowners to buy the rate down, which translates to huge savings for buyers. Through these lenders, you may also apply separately mortgage for the land where you are planning to install the manufactured home.
- What are the miscellaneous costs that I am required to pay along with manufactured home purchase?
Aside from the monthly mortgage payment that accounts for a big chunk of a household’s total expenses, a buyer should understand that there will be regular and periodic payments that need to paid off too.
Regular, monthly expenses include the payment of utilities, land rental fees, property taxes, maintenance fees, and payment for crucial services such as water and sewerage too.
Make sure that your chosen manufactured home is well and able to meet the energy standards set by the HUD on a nationwide scale. Manufactured homes with energy conservation features will definitely reduce you overall monthly energy bill.
- What is the extent and type of maintenance will a manufactured home need?
It is imperative to follow the maintenance requirements included in the manufactured homeowner’s manual. If you fail to follow these routine upkeep and maintenance practices, the warranty be rendered null and void altogether. In addition, one’s failure to maintain a home’s excellent condition will greatlt reduce the value as well as the lifespan of a manufactured home.
Check with an InterNACHI inspector regarding additional maintenance activities as well as safety and systems information that will help you in keeping your home good as new.
- What type of warranty coverage is made available on the home, along with related activities such as its transportation and installation?
A manufactured homes company should guarantee a written warranty that should offer cover on the following:
- Structural workmanship
- Factory-installed appliances which may also be covered with a separate warranty
- Factory-installed plumbing, electrical, and heating systems
- Manufacturer warranties on appliances and electronics inside the home. This warranty typically does not cover installation or setup. If you want to have cover on the transportation of the home, it is ideal that you purchase a separate coverage from an installation contractor or directly from the retailer.
Before shopping for these warranties, make sure to check their corresponding coverage. Some of these warranties may not be as important, thus it is best to get minimum cover for them instead.
An InterNACHI inspector is crucial if you are planning to buy a manufactured home. They have the knowledge as well as years of expertise when it comes to identifying defects during the time your home is still under warranty. In addition, an InterNACHI inspector can detect any problems within a manufactured home, which in turn may result in significant damage, or worse, injuries to you and your loved ones.
- Where is the ideal place for my manufactured home?
There are three possible places where a manufactured home can be installed:
- Place home in a privately owned property. If you already own a piece of land, it is possible that you can plant the manufactured home there. However, before you transport the manufactured home to the location, make sure to check and verify the existing zoning laws, utility connections, and restrictive covenants in your neighborhood.
- You may also choose to install the manufactured home inside a land-lease community that primarily caters to manufactured homes. In this option, you are the legal owner of the home, but only a renter or lessee of the land. This option is perceived to be beneficial by many homeowners as there are lesser siting guidelines.
- Purchase of a manufactured home and land together within a subdivision or development. Siting issues and requirements in this option is mostly handled by the land development companies.
- Will I be able to move my home?
In essence, yes, you may actually move your home to a new location. However, there are many factors that you need to consider if you plan on moving a manufactured home.
- Bear in mind that transporting a relatively large structure such as a manufactured home can possible place huge amounts of stress on its many structures as well as little component. If you do plan to move your home in the future, check with state authorities the rules related to zoning guidelines and transportation regulations.
- States impose limitations on weight, size, and dimensions which in turn may prevent manufactured homeowners the ability to move their homes to a new location.
- If relocation is possible, homeowners should only obtain the services of professional manufactured home transporters to ensure safety as well as integrity of the home while on the road.
- Homeowners need to check climate maps for the future location of the home. In essence, climate zone maps feature conditions such as wind, snow, and thermal zones that can help you decide whether your manufactured home is fit or suitable to the new location.
- The expensive costs associated with moving a manufactured home is yet another factor for consideration. Other fees that you need to pay off before moving are as follows:
- Licensing fees
- Budget for foundation construction
- Installation fees
- Utility setup and hookup charges