If you’ve been looking for a home to call your own, you may be aware that average home prices in the U.S. have only climbed higher and higher recently. As such, more Americans are turning to manufactured houses thanks to their quality and affordability.
For the uninitiated, a manufactured home, also called “mobile housing”, is a house that is built in a factory, delivered to a building site, and assembled on a platform. This is different from traditional or “stick-built” homes, which are constructed at the building site on top of a permanent foundation. So, what makes manufactured houses so popular today? Read on for more.
Affordability and Financing
A major factor influencing the rise of manufactured homes is their affordability. According to 2020 government data, excluding the cost of underlying land, a new traditional home sells for about $392,000 while new manufactured homes cost $87,000 – nearly five times less expensive! This means that you need not worry about maintaining high credit scores or a sizeable bank balance just to afford a quality home.
As consumer preferences have shifted towards manufactured homes, so too have financing options evolved. Though manufactured housing is usually financed as personal property, it is now possible to extend some conventional mortgages on manufactured homes, which are secured by the home as well as its land. These mortgages mean that you will be far less likely to lose your home even if you fall on hard times, making them a fairly stable living option.
Manufactured homes are laser-measured and precisely built as per strict building codes and regulations, so you’ll have a safe and comfortable living environment. As a result, modern manufactured homes are of the same quality as traditional homes, if not higher! Additionally, many manufactured homes come equipped with plenty of top-notch fittings for all your daily needs, from cutting-edge kitchen appliances to garages and laundry rooms, making manufactured houses truly value-for-money homes.
Manufactured homes come in all sizes and layouts to cater to your own specific needs. From singles and young families to “empty nesters” and retirees, there’s guaranteed to be a manufactured home right for you! The unparalleled versatility that manufactured homes offer is part of the reason that their popularity has skyrocketed in recent years – in fact, the Census Bureau found that over 100,000 new manufactured homes are expected to be delivered in 2021 alone.
Find Your Dream Manufactured Home at MCM Homes
If you’d like to take the first step towards living in a manufactured home, MCM Homes is the perfect place to start. At MCM Homes, we offer communities in North Carolina and Michigan, with more states to follow. When you rent or buy a manufactured house in our land-leased communities, not only will you receive a title to the house, but you’ll also have access to your very own amenities like pools and backyards. Our houses will go above and beyond your expectations in providing a comfortable living environment for you and your loved ones.
For more information, please contact us at MCM Homes today – we’d be more than glad to help you find your dream manufactured home!