Blog Entry
Factory Built Manufactured Homes
As housing costs continue to climb, home ownership is simply beyond the financial reach of a growing number of Ohioians. Increasingly, the need for more affordable and efficient homes is being met by today’s manufactured homes and modular homes. Manufactured housing offers all the qualities and amenities you want at a price you can afford.
Taken from ~ Factory Built Manufactured Homes
Reasons to Buy a Manufactured Home
- They're Affordable. ...
- They're Attractive. ...
- They Last as Long as Traditionally-Built Homes. ...
- They're Energy Efficient. ...
- They're Environmentally Friendly to Build. ...
- They Can Be Built in Less Time than Traditionally-Built Homes. ...
- They Hold Value Just Like Other Homes.
Taken from ~ Reasons to Buy a Manufactured Home
How to Buy Property for a Manufactured Home
If you decide to buy property, it’s vital to first check the local zoning restrictions for these types of structures. There may also be restrictions on land use, which could dictate the size of the home or prevent you from using it to run a business.
When evaluating property, you should also consider how easy it is to get to the location, the different permits required, soil quality and how much work it will take to get the area and foundation ready.
If you’re interested in purchasing a plot of land for regular living, you may be able to find space in a residential neighborhood. However, if you’re looking for more outdoor space, it may be a good idea to explore land options in more remote areas.
If you need financing for the purchase, you have a couple of options. One is to take out a loan for the land and a separate loan for the manufactured home. However, this could be less convenient, as you have to qualify for two different loans and manage two payments. The other option is to take out a loan that includes both the land and the property.
Taken from ~ What is a Manufactured Home?