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When in the process of looking for a new home there are some big questions that you need to consider. One of the biggest questions being, “Should I buy a new or pre-owned manufactured home?” Before making this major purchasing decision, here are some factors to consider.
Take a look at your budget and savings to determine if a new or pre-owned manufactured home is the better fit for you and your family. The main benefit of considering a pre-owned manufactured home is the reduction in price. If you are looking to spend a little less upfront, a pre-owned manufactured home might be ideal but keep in mind that there could be additional costs that arise due to repairs that might need to be done on an older home. If you require a loan to finance the home, it might be easier to obtain one for a new manufactured home than a pre-owned home.
Is the pre-owned home that you are considering still in good enough condition to support a family? When booking appointments to walk through a pre-owned manufactured home that you’re considering buying, take a look around and inspect the place to find out answers to important questions. Test to make sure that the windows open and close properly and if the area underneath the home has been maintained. For larger concerns such as the condition of the roof, consider hiring a professional to conduct a more thorough inspection to catch any issues that you might have missed or might not know to look for. Make sure to check the conditions of the walls and insulation and all of the utilities. Check to make sure that everything is up to date and the home will be able to be heated and cooled properly and safely. A professional will be able to assess how much work you will have to put in to make repairs and if it would be worth it to stick with the pre-owned home or purchase a brand new manufactured home.
Landscaping and Customization
Think about your vision. Maybe you want to purchase a home with a previously maintained garden and a deck or with a sunroom that has already been built. Or maybe you want to start from scratch and make your yard look exactly how you would like. You should know that it is very expensive to move a manufactured home. A local move can cost upwards of $1000 and a move across state lines could reach more than $10,000. Are you happy with the placement and location of the pre-owned manufactured home that you are considering, or would you rather live on a property in front of a lake? If you already own property, you might already have a spot where you would like to place your home. If you want to live in a manufactured home community, do your research to find out the park policies as many parks won’t allow manufactured homes to be brought in that are of a certain age.
Purchasing a new manufactured home offers you the best chance to get the features that meet your needs. However, if you are just looking for a home to fulfill the basic standards for living and still meet your requirements, opt for a pre-owned home with features that the previous owners already chose.
The Buying Process for a Used Manufactured Home
The market for used manufactured homes is not as extensive as the number of credible websites available for prospective homeowners to look at when researching to purchase a traditional site-built home. Buyers looking to purchase a used manufactured home will have to use their resources and best judgment to look for used manufactured homes for sale and whether or not those homes are in good enough of a condition to even consider. Search through listings on Craigslist, newspaper classified ads, and eBay for used manufactured home listings. If you want to look for a real estate agent to help you through the buying process, make sure that they are knowledgeable about the manufactured housing industry and will actually be able to help you.
The Process of Building a New Manufactured Home
There are a lot more pieces involved if you decide to purchase a new manufactured home. If you are building a brand new manufactured home from scratch, you will need to choose a builder, dealer, model, floor plan, materials, financer, insurer, and installer in order for your new home to get built successfully. Going through this process can be fun and allows you to customize your home more to your liking. Adding in an extra closet or a fireplace will drive up the price for your home, but the ability to get exactly what you want is enticing for a family with a higher budget to spend.
Whether you purchase a new or pre-owned manufactured home, becoming a manufactured homeowner is a great personal and financial investment decision. Make sure that you do thorough research and consider all of your options so you can make the best decision that fits the needs of you and your family.