Fact Check: Will Manufactured Housing Boom In 2019?
Manufactured homes have had a rollercoaster ride in their outcomes over the past few decades and hit their lowest point in the early 2000s. However, since 2009, they have been increasing in popularity and becoming more common in the real estate market. Now, they are evolving and becoming an ideal alternative to traditional single-family homes. You may be asking yourself, “What is a manufactured home, and what is so special about its comeback?” Here is a guide on some quick facts and further information on manufactured housing.
So, it’s basically a mobile home, right? Wrong!
You probably heard the terms ‘mobile home’ and ‘manufactured home’ used similarly before, but in reality, these are completely different from each other.
The main difference between the two is that manufactured homes follow the HUD code, which are the standards to which they should be built. It includes all characteristics of the structure including design, quality, durability, performance of utilities and more. Passed in 1976, these standards are written and followed by the U.S. Department of Housing and Urban Development. Before this time, construction was not regulated, which is associated with the term ‘mobile home’. To sum everything up, manufactured housing has much higher quality in terms of its physical construction compared to a mobile home that does not follow the HUD code.
How are manufactured homes built?
Well, they are not built at the property site like traditional housing. They are built in factories using regulated methods of construction as discussed earlier. They are constructed in the following order: flooring, walls, ceilings, exterior siding, doors and windows and finally the interior. Once this process is complete, they are wrapped up and taken to the building site for a few finishing steps.
Are they coming back?
Yes, they sure are. The negative perception of manufactured housing being related to the old-fashioned and poor-quality trailer reputation is fading thanks to the HUD code. More and more people are considering manufactured homes. They are more affordable than traditional single-family homes and have the ability to reach the same design and performance standards. Yes, you can have those beautiful granite countertops you always wanted in a manufactured home too.
For many people, the ability to buy and own a traditional house is an option that is a pretty far stretch. Affordable housing is very limited and it is difficult to find any other options. That’s why manufactured housing is on the rise.
It’s clear that manufactured homes have become the single best choice for retirees and parents that are ready to downsize the home their children grew up in and , it is time for you to take the opportunity and customize your very own dream home. Townsend Home Sales can customize your dream home that fits your needs and your budget.
If you have questions about manufactured housing, the experts at Townsend Home Sales can give you answers.
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