Choose a Manufactured HomeWhen you shop for a manufactured home, take its features, floor plan, and cost into consideration. Today’s manufactured homes come with sophisticated floor plans to suit the tastes and lifestyles of most anyone. They usually range in size from 900 square feet to 2,500 square feet, and typically have two bedrooms or three bedrooms. Manufactured homes may be single-wide manufactured homes, double-wide manufactured homes, and triple-wide manufactured homes. Make sure the manufacturer is established and reputable before you buy. Ask about the manufactured home’s structural components so that you feel comfortable with every aspect of your purchase. Visit other homes produced by the manufacturer. Many manufactured homes rival traditional or "site-built" homes with features such as skylights, recessed or whirlpool tubs, custom cabinets, walk-in closets, wood-burning fireplaces, bay windows, attached carports, and garages. Choose an exterior for your manufactured home that matches your personal style. Options include wood, metal, hardboard, and vinyl in a wide spectrum of colours. Personalize your space further with a deck, steps, window awnings, or patio covers. Set your priorities and look for the features that matter most to you when you shop. Always check warranty coverage before you buy. Reputable manufacturers should be willing to offer a written warranty that covers the building structure, including factory-installed plumbing, heating, and electrical systems, as well as factory-installed appliances. Manufacturer warranties do not typically cover damage that occurs during transportation or installation. However, some retailers and installation contractors allow you to purchase this coverage. Manufactured home prices vary widely, depending on size, floor plans, and features. Remember to consider additional costs such as insurance, utilities, property taxes, land rental fees, and routine maintenance fees. Also find out what type of foundation is required and how much it’ll cost. Lenders offer a wide range of financing options for manufactured homes, with many offering fixed-rate and variable-rate loans. Down payments are typically 5% to 10% of the home's purchase price and loan terms range from 15 years to 30 years. If you own or plan to purchase the land where you will place your home, you should be able to arrange traditional mortgage financing. Look into home insurance before you buy. Some insurance companies will not insure manufactured homes, while others offer special or limited policies. Find out more about manufactured homes by reviewing the materials of the Department of Housing and Urban Development (HUD). |