Manufactured homes may not be the most glamorous housing option, but they can be a cost-effective way to own a home in this down economy. With maintenance included, formal dining rooms, hardwood floors, large yards, and multiple bedrooms, manufactured homes can be an attractive option to many. Although they are not considered prestigious, the savings are undeniable. But we wondered about the drawbacks? Are they as structurally sound as traditional homes? Are there hidden fees?
Why We’re Asking:
When you are trying to make financially sound decisions, it is important to be able to weigh out all options. Manufactured homes can be a great option to keep monthly housing rates low, but is it worth the loss in status?
So experts, it’s time to weigh in:
What are the primary advantages of manufactured home ownership?
It is apparent that they are cost effective, but are there hidden fees? Higher interest rates than typical mortgage loans, etc?
Can manufactured homes withstand a storm well? How can you ensure it has a solid foundation?
Are there better places to place your home in the long run? Rental communities? Purchase your own plot of land?
We look forward to learning the ins and outs of manufactured homes from our experts. Check back next week to see what they have to say!
Experts, post your answers in the comment field below!