Is Manufactured Home A Good Investment?
When building a home it is helpful to understand why a manufactured home is considered to be a good investment; so first we need to define what is a manufactured home; its construction process, cost and financing as well as its benefits.
Description of Manufactured Home
A manufactured home is a type of prefab home that is built on a permanent chassis. Generally manufactured homes are predominantly single-story and are delivered to the home site in one, two or three sections. They may be placed in a manufactured home community or on a private property. Today, manufactured homes are more spacious than before. The preemptive National Manufactured Home Construction and Safety Standards, a uniform building standard administered and enforced by the U.S. Department of Housing and Urban Development (HUD Code), sees to it that the construction process of manufactured homes is of high quality.
Manufactured Home Construction
Manufactured homes are built with the same materials as a site built home. They also endure a more stringent inspection process to assure a high quality construction, which offers the same or more technological advances to give a high quality home. Today technological advances let home builders to work with a much wider variety construction finishes that will suit most any buyer’s dreams.
Two-story and single-family attached homes are two of the new styles brought by innovations in manufactured home construction. As a result, manufactured homes are now available for the suburban and urban buyers.
Cost of Manufactured Home
The affordability of manufactured homes were due to how they are built with controlled and energy efficient construction process. The controlled construction environment debunk lots of problems encountered such as delays due to extreme weather, theft, vandalism, and damaged to building materials. Also general contractors see to it that factory employees are trained and managed efficiently to give high performance work. These problems lessen the cost of construction in the first hand. The best part is that all of these benefits come at prices up to 45 percent per square foot than a newly constructed traditional site-built home.
Benefits of Manufactured Home
Substantial savings on many components used in building process is one of the top benefits of manufactured homes. Home builders purchase large quantities of construction materials and appliances yet keeping the high quality of materials when constructing the home to save.
Lesser time frame is also an advantage with manufactured home. Depending on the size, design and customization, manufactured homes normally have a 3-6 month construction time. Home builders perform and conform to HUD Code to complete both construction on site and the home in the factory simultaneously, which allows for manufactured homes to be finished in the planned time.
There are also earth friendly benefits that come from a manufactured home. Advanced techniques used in the construction process reduce waste, offer energy-saving designs and improve performance of the home.
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