Blog Entry

Manufactured Home Sales Surging

In the U.S., factory-built single-family units are expected to increase by 20–30 percent in 2020. That figure stands in stark contrast to new site-built construction that slowed in 2019 and is projected to trend in the negative in the coming years. But the U.S. is not the only country where buyers are selecting this more affordable option. Reports indicate that manufactured home sales are expected to top 1.1 million globally in 2020. The surge in these prefabricated models has been driven by the fact they now meet government standards for quality and safety. The cost of a manufactured home runs approximately half to one-third of new site-built construction. Those are strong drivers heading into 2020.

Taken From~ Manufactured Home Trends 2020

MANUFACTURED HOME DECORATING IDEAS :

  • Use a light wall color- throughout the entire home to open the space up and create cohesiveness. It really is amazing how much a paint color makes a space feel either warm, welcoming, and spacious or cold, barren, and tiny. You don’t have to use the same exact wall color throughout,  but do keep the tones warm so the room gives that feeling off!
  • Use any dead space in your home for storage. Getting full use out of each of the square feet you paid for will help fill out the room and keep everything tucked away and neat.
  • Mirrors- help make a space feel larger and your ceilings look taller. Using them will give a grand-hall feeling to any gathering space in your home!
  • Pay attention to detail. Trim and accents that pull the space together can update a room quickly. So, keep in mind all the nuances of a room’s installed decoration and use products that compliment that initial sense of style your home comes with.
  • Control Clutter. The less you have, the less you have to clean or store. Having a bunch of stuff you don’t use is only making your home look more disarranged and disorganized. If you haven’t used or thought about it in a month, you don’t need it!
  • Use properly scaled furniture. Buy furniture that isn’t too big or too small, but don’t be scared to have one or two large statement pieces that are functional.
  • Be creative. It’s your home and your space, so make it feel that way!

Taken from~Manufactured Home Decorating Ideas

If the manufactured home will not be permanently installed on owned land it will remain classified as personal property. These homes are only eligible for chattel loans.

By definition, a chattel is an item of moveable property other than real estate. Cars, boats, RVs, heavy equipment and manufactured homes are all considered chattel. However, in most situations when you hear the words chattel loan they mean a loan on a moveable home, aka a manufactured home.

 

Taken From~Financing for Mobile Homes

Mobile homes, also known as “manufactured homes," are built in a factory and placed on a trailer chassis to allow them to be moved. Mobile homes are sometimes placed in a mobile home park or on leased land. In these cases, the owner rents a space or leases land, but owns the mobile home itself.

Alternatively, mobile home owners can place mobile homes on land they own or are buying under contract.

Taken from~ Buying a Mobile Home