Many home buyers in our country are spending a larger percentage of their monthly budget on an expensive mortgage than is recommended. In the U.S., the average household income per year is $51,939. It is not a good idea to spend more than 30 percent of your income on housing, leaving the majority of people in our country needing housing for under $16,000 per year. Since this is severely limiting on the type of home you can afford, it may be in your best interest to consider a manufactured home instead.
Manufactured homes are incredibly affordable, but still offer a wide range of amenities. If there is more room in your budget because of a less-expensive option, you’ll also have the flexibility of creating a custom home. A few other reasons to consider a manufactured home include that they appreciate over time, offer extensive warranties, are incredibly energy efficient, can be constructed very quickly, and can be customized. The ability to design your home to better fit your needs and wants will be an enormous asset to you.
Manufactured homes have evolved over time to become much higher quality. There are strict regulations that are enforced to ensure the safety, durability, energy efficiency, and general quality in these homes. With so many requirements for a manufactured home to be up to code, they have become much less distinguishable from homes that are constructed on site. If you’re currently in the market to buy a home or will be purchasing one in the future, manufactured homes are a great option and definitely something to consider.