Monthly Archives: April 2017

The Benefits of Buying a Manufactured Home Versus Renting

As rents continue to rise throughout the country, many renters are considering home- ownership.

Some of these potential home- buyers, however, self-disqualify themselves out of the home process because they don’t think they can afford a home or cannot save for a down payment.

There are many options out there for these home shoppers, including buying a manufactured home versus renting a home that they are not building equity in.

The benefits of buying a manufactured home can outweigh those of renting, particularly when it comes to cost. “A few years ago, we bought a manufactured home in a nice park as a second home,” says William L. Seavey, a writer and publisher in Cambria, Calif., who adds that his neighbor is a college student whose father purchased the home as an investment and to save on rent.

Advantages of Buying Manufactured Versus Renting

1. Quality and Safety

Manufactured homes are built in an indoor facility, where changes in the weather do not affect build time or materials. Building homes in a controlled setting means uniformity in the building process, which means standard quality control. In addition, manufactured homes require a third-party inspection before they leave the facility.

“Our manufactured and modular homes are built under cover in our indoor facilities, where weather fluctuations do not influence the build time or damage the home during construction,” according to a representative from Clayton Homes, the largest producer of manufactured housing in the country. “Our builders know that ‘good enough’ doesn’t cut it, so we make sure that quality and accountability are taken into consideration every step of the building process. Each and every home undergoes internal inspections that, together with a third-party inspection program that reviews the building facility at various stages of the construction process, ensures the quality of our homes is upheld.”

A quality-built home means a safe home, too. That’s why manufactured home builders adhere to the latest in building technology and standards. This means that manufactured homes can often withstand high winds due to advanced anchoring systems and perform as well as standard homes in these types of events.

2. Cost and Value

A manufactured home can help homeowners build equity, particularly if they own the land the home is located on. If a manufactured homes is permanently affixed to the land, it is considered real property, just like standard homes, giving them higher value. (If it is not, then the manufactured home is considered personal property.) Getting a home set on the land will greatly help in appreciation.

In addition, by properly maintaining a manufactured home, a homeowner can see the value of their manufactured home rise. Seavey’s first home was not a manufactured home — at the time, he tried to purchase manufactured, but the deal fell through — but he highly recommends manufactured as a suitable first home.

“Many first-time buyers should consider manufactured homes to get equity and to establish a credit history before — if ever — they move to a standard home,” he says. “In my park, homes are even rising in price and we’ve almost broken even, despite the space rents.”

Build My Manufactured Home

When it comes to affordable and flexible build-on-your lot homes, it’s hard to find an option that can beat a manufactured home. 

Also known as a prefabricated home, this type of dwelling is constructed entirely beforehand in a factory and then transported to a lot of your choice. 

While some may choose to have them transported to a park or neighborhood with other manufactured homes, others may choose to build on a lot they have chosen on their own. This begs the question, “Where can I build my manufactured home?”

What if you dream of living in the mountains? What if you want to be near the beach? Clayton Homes, which manufactures homes in 37 facilities across the nation, might have a few answers. We sat down with their vice president of marketing, Mike Duncan, to answer some of the most common questions regarding where you can put your manufactured home. 

NHS: Are there any restrictions to where you can build a manufactured home?

Duncan: Some of our facilities can manufacture custom projects, the only restraint or restriction would be the state and federal codes our homes are required to be built to. This gives a homebuyer the flexibility to be as creative as possible in designing their dream home. 

NHS: Can you describe the building and transportation process?

Duncan: All Clayton-built homes are constructed in our homebuilding facilities and then transported to their homesite. Depending on the size of the home and the location, homes can be delivered and set in various ways.

NHS: What are some special considerations you have for buyers trying to decide where to place their home?

Duncan: Buyers should be aware of all local zoning laws, as this can dictate whether or not a home can be placed in a prospective location. Aside from zoning, homebuyers should also be aware of utility access, easement access and other land issues that would need to be cleared before selecting a site. 

NHS: What are some of the most affordable options of where you can place a manufactured home?

Duncan: Manufactured homes can vary in price dramatically depending upon a number of factors including size of the home and materials and delivery site, all of which need to be considered when pricing a home. Manufactured home parks and communities that are designed and zoned to accommodate manufactured homes are generally the less expensive options. Customers can also place homes on their own private property.

NHS: What are some of the less affordable options?

Duncan: Two-story modular homes are at the higher-end price point for a Clayton-built home. These modular homes are built to applicable state and local codes and closely mimic site-built construction in look and profile. Because Clayton builds manufactured homes in a climate-controlled environment, materials are less likely to suffer from some of the weather-related issues that can plague site-built contractors. 

NHS: The term “trailer park” is a thing of the past. Are there any myths you’d like to debunk in regards to these changes?

Duncan:“Trailer park” is a term that was commonly used when referring to a manufactured home prior to HUD Code requirement changes. The term “trailer” is no longer in use for our industry. Manufactured home parks are now neighborhoods and communities that have been designated for manufactured housing.