Archive for August, 2008

How Advantageous Manufactured Homes Are?

If you are one among those thinking that Manufactured Homes are sought after mainly because of the lower cost, sorry – you did not get it 100% right.  Yes – Lower cost of the Manufactured Homes is a factor to reckon with, but there are other innumerable advantages for going in to buy a Manufactured Home as your residence.

For one thing, the fast mode of building a Manufactured Home as per your convenience holds the primary place for consideration.  Thinking of that, just imagine you have a residential plot where you would like to build a custom-home with brick and mortar.  The hassles are so many – getting a building contractor that would finish the job exactly in time and within the budget; from foundation to the roof every inch of building needs extraction of work from the labor force (ask any one experienced on this and you will know what it means); dearth of materials day in and day out, to be replenished every time; the time delays occurring due to leave of absence by men at work, pace of working, supply of materials, weather playing havoc; cost escalation, theft of materials and so on.
In refreshing contrast, Manufactured Homes are built smarter, faster and with a professional touch, with every one working on it, specialists on that particular job like wood work, metal frame finishing etc. inside a factory, jointly by a team of experts by experience, doing the same jobs every day with targets for every shift with quality.  Besides, Manufactured Homes have to be built in accordance with the Uniform Building Codes under the closest supervision of Factory Managers adhering to Quality Standards.  State-of-the-art technology is being used to sustain in business amongst competition in the market.

Result is you get a ready-made house in time, the floor plans of which are approved by you prior to commencement of the building.  After finishing 80% of the structure inside the factory what remains is just fixing it on the land identified by you, securely to withstand any season, rain or shine, with special coatings of paints and resins.  The impeccable look of the brand of Manufactured Home is their advertisement for business promotion.  Therefore every Manufactured Home is assembled with great care and quality consciousness, which is totally absent when you start building a custom home.
There can be many other examples to ponder, but now you will know what are the advantages of buying your own Manufactured Home design. They can be listed as Excellent Quality; Modern technology; fastest building time; costs pre-fixed and agreed not to escalate during the building process and the last one is lower pricing, when compared to a conventional home with similar floor plans and comforts.

Add comment August 18th, 2008

Facts worth Knowing About Manufactured Home Loans

Mobile Homes or Manufactured Homes are increasingly becoming the buyers’ choice owing to the real estate crisis and recessionary trend of the economy.  What were looked down upon as “trailer homes” once are getting importance now, not only because of their less expensive proposition but also the technology advancements in fabricating beautiful, comfortable and amenity-filled structures towards fulfilling the common American dream.

As more number of buyers opt for manufactured home as an entry for home ownership, the concepts hitherto attached with Mortgage loans for manufactured homes are changing rapidly.  As of now the manufactured home loan industry is somewhat concentrated, the top ten lenders controlling over 65 per cent of the market.

If you wish to get a leverage in manufactured home loans, the chief requirement is the best credit rating. You can check up the incentive programs available for manufactured home loan barrowers by the local governments. President Clinton’s Home Ownership Initiative of 1996 is noteworthy in creating additional initiatives for manufactured homes. If the proposed manufactured home is going to be your main residence you are given preference.

On an average the term of the manufactured home loan can range between 10 to 25 years.  High interest rates compared to custom-built homes are prevalent for manufactured homes, but it is worth going in considering that manufactured homes are fast depreciating in value over the years.  But there is also a way out that if you own the land to park the manufactured home in a prime location there is every chance for appreciation of the land value to rake up your equity for refinancing the home loan.

Some tips here if you go for a manufactured home loan:
Ø    There are wide variation in products of manufactured home loans from lender to lender and so an extensive search online will be very useful
Ø    There is no obligation to buy a manufactured home from a sales person or take the financing offered by them
Ø    The warranty and other clauses of a manufactured home brochure need be studied carefully with specific details as who will bear the cost of defects in manufacture or the installation of the home at the site.
Ø    Owning the land on which the manufactured home is to be parked is ideal because you can have the tax benefits by titling the property as real property and the property taxes paid are deductible
Ø    If you are required to title as personal property, chances are you may have to pay annual motor vehicle fees – so check up
Ø    The area at which your manufactured home is going to be installed can gain you value appreciation over the years to come – so this needs your attention.
These are only generic guidance and you can do well to do a good research before buying a Manufactured Home for yourself.

Add comment August 9th, 2008

Now You Have A Variety Of Manufactured Homes To Select From

Necessity is the mother of invention.  With millions of U.S. citizens, who were proud home owners hitherto, having been rendered homeless due to the foreclosure epidemic, such a necessity has arisen.  U.S. real estate is reeling under the clutches of a sluggish market – to sell the brick and mortar homes – at their real values. Mortgage lenders for these properties are a scared lot. Therefore to fulfill the government’s commitments to provide homes for the homeless, it has usurped the need for concentrating on Manufactured Homes.

Now if you wish to make it a reality to own a home, there could not be a better time.  The manufacturers of Mobile Homes have perceived this upsurge and are coming up with an array of Manufactured Homes, built with a variety of designs, features, floor plans, amenities and comforts and yes – at affordable costs.
Instead of running behind the custom homes, there is a visible change in people going in for Manufactured Homes that are easy to buy, exactly replace the traditional homes in all aspects and the buyer will never regret later, because the investment is not that big as of a traditional home.

The right things to do are – think well in consultation with your family members as what exactly your needs are, the floor plans that suits your family, the comforts essential to fulfill your requirements and of course your financial affordability and budget, without feeling the pinch ever – before buying a Manufactured Home.

Brand new Mobile Homes are available with floor plans of 900 to 2500 square feet; typically have two or three bedrooms; single-wide, double-wide and even triple wide to suit the customer’s needs. They must comply with the basic rules laid by Department of Housing and Urban Development.  Better still they should be energy-efficient, so as to help lower your utility bills every month.

Present day varieties of Mobile Homes come up with features of Whirlpool tubs; custom cabinets; walk-in closets; wood-burning fireplaces; bay windows; attached carports and even garages.  As such they are indistinguishable in any way from the custom homes.
After ascertaining all the above details from trust-worthy manufacturers, just go and buy the best suited Manufactured Home for you and be a proud Home Owner!

Add comment August 1st, 2008


August 2008

Posts by Month

Posts by Category