If you dream of owning but lack the funds to buy a traditional family house, there are other options. Buying a manufactured home does not mean the same thing that it meant twenty or even ten years ago, giving you the option to buy a lovely home for a fraction of the price.
Know What You’re Getting In Your Price Range
There is a delicate balance between what you want and what you can afford. Although modular and mobile homes are much more attractive and well-built than they used to be, older options might be a more realistic option for you if your budget is on the lower end of the spectrum. Research the market in your area and find out what kind of homes fall within your price range.
Understand the Differences In Financing
The beauty of a mobile home is in the name itself: Mobile. Because of this, they are generally considered personal property and you will likely not qualify for a traditional mortgage loan. Speak to your bank regarding your options to help you understand where you stand.
If you’re still hungry for tips on buying a manufactured home, check out Brynes Agency Insurance for more information. There’s much to be learned about the process, but if you get your own home in the end then it’s worth it.