Manufactured homes are a great option for home buyers that want quality and affordability
With the prices of homes rising yearly, more and more people need affordable options to home ownership. Manufactured housing offers an option for those that want affordability without sacrificing quality and design. Want to learn more? Here are the top 3 things you should you know before buying a manufactured home!
1.Manufactured Homes appreciate the same as built in homes
On August 2018, The Federal Housing Finance Agency(FHFA), released a quarterly report on home prices in the U.S that included an index on manufactured homes. The findings show that manufactured homes price trends are very similar to that of regular homes. Like in build-in homes, appreciation depends on location, maintenance, and neighborhood or community. Choosing these factors correctly will ensure that your home holds its value over time.
2. Location, Location, Location!
You’ve heard this before, “it’s all about location”. This is especially true when it comes to Real Estate. Buying a home in a desirable location will have an important impact on the value of the home in the future. Ensure that the demand is high in the location you’re buying your home, think about supply and demand!
3. Community Living
People take care of what they own. This is one of the biggest advantages of living in a community where residents own their homes rather than rent them. Residents in manufactured homes communities will maintain their homes and enjoy the neighborly environment, not to mention the great amenities, fitness centers and communal areas that are often included.
So there you have it, top 3 things to know before you make the move.
Are you ready to purchase your dream manufactured home ? Make sure to schedule a visit today!