Understanding the Reasons Behind the Growing Popularity of the Manufactured Homes
Looking at manufactured homes, these are indeed growing in popularity all over the country and as a matter of fact, if at all you are looking at them as your alternative path to homeownership, know that you are not alone. For instance, consider the United States and the manufactured home market where we have seen as many as 17 million Americans or its population living in the manufactured homes and these indeed do make up to 21% of the single family units sold in the real estate market there.
The other country where we have seen the manufactured home option as an alternative gaining as much traction when it comes to home ownership is South Africa and as a matter of fact, there is good reason lending credence to this. One of the many reasons why manufactured homes have become so popular with a number is the fact of there being such great financing options for the manufactured homes. Below we will be talking of some of the very reasons why there has been such an upshot in the popularity of the manufactured home option, why a growing number around us are actually taking a look at this alternative as one of the sure ways toward home ownership.
Talking of the benefits, one that stands out is the affordability of this alternative path to home ownership. By and large, we all know of the fact that manufactured homes and the mobile homes are generally cheaper as compared to the site built units. Talking of the cost per square foot, the cost of the manufactured homes is as low as 50% off that you would incur in a site built home. By and large, looking at this, what we can see is the fact that this is such a significant share of savings that really gets to add up by and by and at the end of your project, it adds up immensely.
This reduction in costs of manufactured homes may be explained by some sure and solid reasons. To some minds, there has been the propagation of the notion that the manufactured homes are cheaper as compared to the site built homes for there is a compromise in the quality of the homes and this can only be said to be a misleading notion based on lies. One of the reasons why the manufactured homes are as cheap as compared to the site built homes is in the fact that they are manufactured in such a controlled environment by expert tradesmen. These companies as such enjoy economies of scale for they make their purchases of the materials in bulk and this is transferred to the home buyers who choose to go for the manufactured homes.