It has been a rough few years during the pandemic and so much has changed during this time. Now that things have started to stabilize a little, you might want to buy a manufactured home. There are some challenges and opportunities for the months ahead that you have to know about. This is so you can make the ideal decision for your housing needs. In this guide, we share about how you can purchase a manufactured home during COVID-19!
Interest Rates
As the economy slowly recovers from the effects of COVID-19, take advantage of this grand opportunity to purchase a manufactured home as interest rates are beginning to rise again. A slight change in interest rates can help you to save a lot of money over the years. It can also boost your buying power upfront. If you do not have to pay as much in interest, then maybe you can afford that option you really wanted but were not able to before. The earlier you can lock in an interest rate, the better it will be for you.
Challenges With Supply
There are some challenges faced, mainly with the manufacturers and what they can do. You might have heard about disruptions in supply for various products like toilet paper and wipes. For the housing industry, there are some supply issues too.
Obtaining Lumber
Lumber is going to be an issue in the near future, in terms of pricing. There are ways to slow down the increase in price, but sometimes there is really no option. This is something to look out for when going forward. Pressure-treated lumber is especially scarce, but for now there is still a good supply.
Shingle Colors
Shingle colors are becoming limited these days, but some popular options are still available. You have to check with your housing consultant to find out more.
Appliance Choice
It may be more difficult to find manufacturers offering appliances (particularly black and white), however stainless-steel appliances are typically not an issue. This depends on each manufacturer, so work with your housing consultant to figure out how you can get what you want in your manufactured home.[1]
Lead Times
The lead times of manufacturers have increased. Since every manufacturer operates differently, it is best for you to check with them before proceeding. If you have a particular time frame in mind for when you want to move in, note that you may have to start earlier than you think. You may be able to get a home faster by having another manufacturer build it.
You Don’t Have To Worry
All in all, the situation is much better than before. Although we don’t know what lies ahead in the future, we expect things to improve from now on. Look for a manufactured home that can serve your housing needs both now and in the future that you will love. [2]
Invest With Us At MCM Communities
Here at MCM Communities, we can help you with your investment opportunities. This is how you can purchase a manufactured home during this time. We have the expertise and experience to guide you along this journey. Feel free to contact us to find out more!
Could you please elaborate on why the black and white are becoming a problem?
Can you please reword or elaborate instead of using “things”