Since the inception of pre manufactured homes half a century ago, almost all aspects of small manufactured homes have improved. This has also resulted in considerable reduction of manufactured homes prices. Housing experts claim that the sales of cheap manufactured homes are on the rise and that 2016 was the seventh consecutive year of growth for this housing sector. However, the way the new manufactured homes are sold by manufactured home dealers has not changed a lot. Some small manufactured homes for sale still feature short loan terms and high interest rates, which can turn a good deal into an expensive one for the homebuyer.
Experts in manufactured homes prices say that this particular segment of housing is improving in popularity. Statistics show that the number of small manufactured homes for sale available in the US has increased a lot in the last three years. As per the figures from the United States Census Bureau, the number of new manufactured homes installation has increased much in the previous years and it is expected to rise in the coming years.
Pre manufactured homes have grown into a big component of the US housing sector. These homes act as a source of housing for many Americans, especially for those who live in the rural areas and have low income. Experts say that there are about 6.8 million cheap manufactured homes in the United States and this comprises to about six percent of all the housing stock in the nation. In addition to that, almost half of the best manufactured homes can be found in the southeastern states of the country.
Pre Manufactured Homes – An Affordable Housing Option
Convenience and affordability are the main features of the best manufactured homes. In 2013, the average small manufactured homes prices were about 64,000 dollars when compared to the average of 269,000 dollars for a site-built home. However, even though the manufactured homes prices are much affordable, financing these homes may prove expensive.
Most of the manufactured home dealers can arrange finances for the purchase, but the home will be financed with personal property. This type of loan is referred to as Chattel loans. The problem with these loans is that they involve short repayment terms and high interest rates, making the loans less beneficial for the potential homebuyer. In fact, almost sixty percent of the new manufactured home loans in 2013 fell in the category of “high-cost loans” meaning that these loans have high interest rates.
The best manufactured homes are capable of delivering outstanding performance and quality, that too at prices that is 20 to 30 percent less per square foot than the site-built homes. This flexibility of small manufactured homes prices allow many Americans to own their dream home, and this affordability is due to the result of the efficiency that arises from the factory building process.
The climate controlled facilities, in which the new manufactured homes are built, help to avoid many issues in the traditional home building process. In addition to that, the workers in these facilities will be well trained in the process and their expertise helps to avoid any unnecessary delays in the construction of pre manufactured homes, which is a common issue with unskilled labor.
The advancement in technology allows manufactured home dealers to offer many styles and finishes that suit the needs of the homebuyer perfectly. This will allow cheap manufactured homes to blend in seamlessly in almost any neighborhood. Single family and two story homes are the two latest styles in pre manufactured homes offered by many manufactured home dealers. The improved flexibility in the construction process offered by cheap manufactured homes allows these homes to be customized a lot to suit different needs of buyers.
Interior features that can be added to new manufactured homes include fireplaces, vaulted ceilings, state of the art bath and kitchen, etc., which offer the homebuyer an option to have all the features that are found in site-built homes. Another added advantage of new manufactured homes is the increased energy efficiency that can be achieved by upgrading the fixed level of insulation offered by the manufactured home dealers. Moreover, the best manufactured homes will feature much efficient heating and cooling systems, which offer great savings to the homeowner; however, upgrading the insulation and HVAC systems of small manufactured homes could add to the overall manufactured homes prices, making the cheap manufactured homes not so cheap.
More and more buyers are now turning to EnergyStar-certified small manufactured homes as these homes offer substantial savings to the homeowner. Housing experts claim that the best manufactured homes are those that offer great savings to the owner in owning and operating the home. Design evolution and focus on incorporating latest technologies and quality homes that are affordable as well has become the driving force of the manufactured housing industry.
Manufactured home dealers and builders will also benefit from the economic scale that arises, as they are able to buy large quantities of building products and raw materials for pre manufactured homes, which in turn helps in cutting down the final manufactured homes prices. This will help the manufactured home dealers negotiate the lowest prices possible for the different items that are required to offer the best manufactured homes. In fact, many reports on small manufactured homes show that this housing segment remains one of the biggest sources of non-subsidized housing in the United States.
Certification Ensures Quality
Before the pre manufactured homes leave the factory, each home will be provided a numbered certification label that is affixed to the exterior of the home. This label is to certify that the home has been inspected in accordance with the various HUD standards and procedures set by the state and federal authorities. The certification labels in small manufactured homes will offer the assurance to the buyer that the particular home is checked and inspected thoroughly, right from the design stage of the home, through its construction.
The label also confirms to the potential homebuyers that these pre manufactured homes are made in compliance with the HUD regulations and standards. This is why the certification label will be affixed to the home only when all the inspection parties are satisfied.
Manufactured housing has seen much growth in the last few years, particularly in the aesthetic value of these homes. This allows the best manufactured homes to appeal to a broad market. The latest plants together with the advanced technologies in transportation have helped manufactured home dealers to offer homes with increased ceiling height. It is expected that manufactured housing will remain affordable for those who need it the most and that cheap manufactured homes will increase in popularity across the country in the days to come.