Factors that You Need to Consider Before Purchasing a Manufactured Home
It is essential to understand the pros and cons that come with manufactured homes before you commit to one. If you are looking forward to purchasing a manufactured home you should read more here to learn more about the essential factors that you should put into consideration.
The first thing that you should consider is new or used manufactured homes. It is essential to note that manufactured homes are not purchased new alone but we also have used ones. Of which you need to know the one that you want before you start your search. Starting with new manufactured homes they are good for families that require greater customization. While when you buy used manufactured homes you will be in a position to save a lot of cash. Remember to have the house thoroughly inspected before you move in.
Apart from that, you should also consider financing. One thing that you need to know is that manufactured home financing can be facilitated through FHA and VA loans but the type that you use will be determined with whether your home is attached to the land or not. Like chattel loans are used for the home that do not have a permanent foundation. Where they are placed on rental properties, privately owned land or land that buyers have already purchased. Unlike conventional mortgage loans which are used on manufactured homes that have a permanent foundation.
Thirdly, you should consider the land requirements. For that matter, you can decide to put your home on a land that you already own, the land that you are planning to rent or you can go with the community. But one thing that you will have to do is to check the local zoning laws to verify that the manufactured home is allowed there. On the other hand when you rent a land you will pay a cheaper down payment. While choosing to live in the community will give you many benefits and you will have to lease the land.
Besides, you should also think of the designs. This will require you to go with the design that has customization that meets the needs of your family. You find that used manufactured homes will not allow a lot of customization but you will be free to choose the one that meets your needs.
Apart from that, you should concentrate on warranties. You find that warranties only apply when you are purchasing a new manufactured home. You find that they always cover for retail and manufacturer issues and the appliance problems. But it is essential to follow the homeowner’s manual so that you can benefit from warranty.