In the modern real estate market, mobile homes have garnered the interest of an increasing number of young homebuyers. For millennials who are mostly burdened by student loans and other baby boomers considering downsizing as they approach retirement, manufactured, pre-fabricated, or mobile houses offer a great buying option. The option of purchasing mobile homes for modern homebuyers blends all the desired characteristics of a brand-new home without the price tag of built-in houses.
According to a study report, it is believed that millennials have outnumbered baby boomers lately. In the past few years, the all-new generation serves to be a driving force across different markets -including the real estate market. As rental prices continue rising at a rapid rate, the total number of millennials making the switch from renting to owning has increased -comprising around 80 percent of homebuyers.
However, the younger generation of homebuyers mostly struggles with coming across the possibility of buying a site-built home. Thankfully, the concept of mobile homes or manufactured homes comes forth with a viable solution to the existing problem. Let us help you understand the reasons why modern homeowners buy manufactured homes rather than site-built homes.
What are Manufactured Homes?
Manufactured homes or mobile homes refer to houses that are primarily constructed off-site in some warehouse or factory before they are finally transported to the desired destination or plot of land. Manufactured houses are assembled in a dedicated factory setting over a span of some weeks to even months. The total duration of assembly might depend on the complexity of the overall home design and the size as requested by the homebuyer.
Once the construction of a manufactured or prefabricated home is complete, the different components of the mobile home are delivered to the dedicated home site through a flatbed truck. Eventually, the entire structure of the house is erected on a solid foundation.
Who Buys Manufactured Homes?
As rental prices continue rising across the nation in the real estate market, more millennials look forward to purchasing and owning prefabricated houses. One of the most appealing factors of prefabricated homes is the overall price. In the highly competitive rental and site-built real estate market, it is difficult for the younger generation to come up with affordable prices.
On an average, it can be estimated that mobile houses sell for around $73,000*. It is quite contrasting to the whopping values of a site-build home -around $300,000*. In a typical factory or warehouse setting, it is possible for the house developers to control different stages of the house development process. They are also able to standardize the construction process to reduce expensive damages and errors along with potential delays due to sudden conditions.
On the other hand, millennial homebuyers tend to struggle with coming across a viable option in the modern site-built house market. This is wherein the role of pre-fabricated houses comes in for the younger generation of homebuyers.
Top Reasons Millennials Invest in Mobile Houses
#Manufactured Homes are Affordable Than Site-built Homes
As discussed, there is a substantial difference in the overall prices of manufactured homes and site-built homes. Mobile homes tend to cost around $73,000* on an average when compared with the exorbitant rates of around $300,000* of site-built homes. The significant difference in the overall prices typically indicates that purchasing a mobile home (along with a plot of land) is substantially less expensive than buying a comparable size of site-built home.
The main reason for the difference is that manufactured homes come with more budget-friendly resources to construct than conventional, full-size houses. Primarily, mobile homes are constructed in a warehouse or factory setting wherein developers are capable of strictly controlling different stages of the entire construction process. Moreover, developers of prefabricated houses purchase raw materials in bulk. This minimizes the overall cost of construction.
#Manufactured Homes are of Top Quality
Mobile homes are constructed with the best quality of raw materials that are subsequently installed by adhering to strict standards -just like site-built home construction. Designed with keeping the modern homeowners in mind, the manufactured homes of today’s era are appealing aesthetically while appearing quite similar in functionality of the site-built constructed counterparts.
While purchasing a mobile home, buyers get the option of choosing from a wide range of different floor plans -right from minimalist spaces to basic designs, luxurious interiors, and so more. While mobile homes are constructed on the existing floor plan, developers offer access to a wide range of customization options that fit the need and style preferences of all potential homebuyers.
#Manufactured Homes Require Less Maintenance
It is possible to customize a mobile home in several ways. Therefore, the overall range of both interior as well as exterior maintenance will depend on the usage of specific materials that you select and the entire size of the home. Irrespective of the materials you choose, it is assumed that manufactured homes are relatively easier to maintain than conventional site-built homes.
A major reason behind this is the size. Another reason is that these homes are situated across smaller lots and they do not feature underground or basement foundations.
#Manufactured Homes are Long-lasting
Mobile homes are just as durable as site-built homes. In addition to being constructed out of top-quality HUD-approved materials and according to the local regulations, prefabricated homes are linked to permanent foundations. These foundations also comply with proper installation standards.
During the process of installation of manufactured homes, different home components (including roofs, floors, and walls) are effectively aligned and joined together while being sealed properly to offer a solid structure that is capable of withstanding common environmental stressors.
The Best Place to Buy Manufactured Homes
If you are in search for a great quality of durable and budget-friendly manufactured home, you can reach out to Manufactured Housing Consultants -your one-stop destination to find your dream mobile home. Here, you can get access to durable manufactured mobile homes for sale in & around Texas that improve your lifestyle.
