Are Manufactured Homes the More Affordable Option?
Manufactured homes are on the rise as people are starting to realize the benefits of them. If you are considering making the change to a manufactured home here are some benefits and things to be aware of.
Benefits of manufactured homes
Homeowners and renters often spend more than 30 percent of their income on housing. Manufactured homes are more affordable, especially for low- and middle-income households. With manufactured homes being more affordable, residents of manufactured homes are more likely to own their home than any other type of housing. With manufactured homes being more affordable, so are the loans.
Another benefit of manufactured homes being more affordable is older people are able to buy a home without worrying about a mortgage that will take years to pay off. There are some park model homes that are only for owners over a certain age to give them a community that is better suited to their lifestyle.
Manufactured homes are able to be so affordable because they are made in controlled factory environments that protect them from damage and theft. They also do not have delays in building because they do not have to worry about the weather getting in the way of production.
If you have questions about manufactured homes, the experts at Townsend Home Sales can give you answers.
You can reach the team at: