There has never been a greater need for quality, affordable housing. For up to 50 percent less per square foot than conventional site-built homes, today’s manufactured homes deliver outstanding quality and performance. Because of these savings, more and more Americans are able to own their own home. Let’s take a look at what goes into a manufactured home.
- The average sales price of a new manufactured home without land is $70,600.
- 66% of the homes are located on private property and 34% are in manufactured home communities.
- All aspects of construction are continually inspected by professionally trained third – party inspectors.
- Manufactured homes are constructed to adhere to the federal HUD Code since 1976. The HUD Code, regulates home design and construction, strength and durability, fire resistance and energy efficiency. HUD revised the building code in the early 1990’s to enhance energy efficiency and ventilation standards and to improve the wind resistance of manufactured homes in areas prone to hurricane force winds.
- Floor plans are available that range from basic to elaborate — vaulted or tray ceilings, fully – equipped kitchens, walkin closets and luxurious bathrooms. • A variety of exterior siding is available — metallic, vinyl, wood or hardboard and stucco.
- Homes have pitched roofs with shingles and gabled ends.
- Upgrades include awnings, patio covers, decks, site – built garages and permanent foundations.
- The building materials in today’s manufactured homes are the same as those in site – built homes.
- The homes are engineered for wind safety and energy efficiency.
- Manufactured homes are among the safest housing choices available today due to federal laws requiring smoke detectors, escape windows and limited combustible materials around furnaces, water heaters and kitchen ranges.
- Manufactured homes can be financed as personal property. Even when the home and land are financed together, the home is often secured as personal property and the land as real property. Traditional manufactured home personal property lenders offer land – and – home financing.
- Homebuyers may also finance their home and land together as real property using conventional mortgage financing obtained through a traditional mortgage lender.
Today’s manufactured homes feature technological advances and evolutionary designs, all with a focus on delivering quality homes that families can afford. That’s why more people are turning to manufactured housing to deliver homes that fit their needs and wants, at prices they can afford.
*** Webinar scheduled for May 2018 ***