2007-07-19 08:20:37 · 9 answers · asked by ? 2 in Business & Finance ➔ Renting & Real Estate
Pros:
Manufactured homes built after mid-1975 are better-built than comparable stick-built construction; for there is much more oversite during the building process than municipalities require. Plus, you get far more value per sq.ft.
Cons:
Though it is slowly changing, there is still a stigma attached by some very vane and uneducated brokers, and banking loan officers; so selling it, and getting a good rate, may require a little more persistance on your part.
2007-07-19 08:51:02 · answer #1 · answered by Pam H. 2 · 1⤊ 1⤋
Pro - it's generally faster than a stick-built home, it's generally better constructed.
Cons - it has to be transported to your property, so things could get out of shape in the transit. You usually have to settle for whatever is the companies standard product, although you can make some substitutions. There is still a stigma attached with a manufactured home to some people.
2007-07-19 08:24:49 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Pros: Cheaper up front investment
Cons: Tougher to finance, refinance and sell to someone who needs financing
Don't appreciate the way a stick built home does
May actually depreciate in value.
With that being said, there are some absolutely gorgeous manufactured home being produced. I walked in a triplewide the other day that you never would have known was a MH.
There are other options too, modular homes or SIP homes, for instance.
2007-07-19 11:08:22 · answer #3 · answered by godged 7 · 1⤊ 1⤋
I must disagree with the first poster who thinks that manufactured homes are 'better constructed'. Anyone who has examined these homes will quickly discover that the materials used are typically the least expensive available. they simply are not up to par with the quality of even the most bare bones of conventionally constructed homes.
Certainly some versions and models are better than others, with some coming closer and closer to conventionally built homes in certain aspects. But the differences are yet quite stark.
You get what you pay for (or don't pay for).
2007-07-19 08:52:05 · answer #4 · answered by acermill 7 · 0⤊ 1⤋
Because a falling dollar means our offshore debt burden is greater. Personally, I'd rather have the job -- it means more gov't revenue (taxes) to pay the debt and I get to eat something other than road-kill for dinner. Seriously - different times call for different monetary strategy - one size does not fit all. we need a weaker dollar right now to increase investment in the US and *then* with higher output comes a stronger dollar, which like I first said means our international debt will be lower.
2016-05-17 12:10:14 · answer #5 · answered by kristina 3 · 0⤊ 0⤋
You might want to consider modular homes over manufactured. They are slightly higher in price- but they are treated as"normal" homes as far as lending goes. They are generally better constructed and have lowever ownership costs- gas, electric, etc... They will appreciate in value as opposed to decreasing in value as well.
2007-07-19 08:44:51 · answer #6 · answered by flamingojohn 4 · 1⤊ 1⤋
Much like an automobile.. a "manufactured home" decreases in value and in time are hard to find insurance for. Many companies won't insure them.
2007-07-19 08:35:24 · answer #7 · answered by Anonymous · 0⤊ 2⤋
Pros: they are cheap.
Cons: they are cheap.
2007-07-19 08:27:53 · answer #8 · answered by Mr. Taco 7 · 0⤊ 2⤋
I would only do it if it was all I could afford. (it's hard to find financing and it won't appreciate)
2007-07-19 08:35:34 · answer #9 · answered by ? 4 · 0⤊ 2⤋