After the financial crisis of 2008, mortgage lending rules were adjusted in a way that made it difficult to save enough for a down payment for a house. Prospective homeowners now need larger down payments and higher credit scores in order to close a mortgage loan. However, it may take years to save up enough money to buy a home. Manufactured homes offer an affordable solution.
Manufactured Homes Offer Location, Comfort, and Many Options
Manufactured homes are becoming increasingly attractive to potential homeowners because:
They’re located in established communities. Many manufactured homes communities include community centers, play areas, and pools. Most have private settings with plenty of shopping and dining options, too.
They’re affordable. Manufactured homes are usually priced from the mid-$40,000s to low-$100,000s (plus taxes and fees), depending on the community and state they are in. When you consider the U.S. median home price this past summer exceeded $236,000, you can see what a sound investment a manufactured home is.
They have many interior options. Definitely not one-size-fits-all, manufactured homes come in many different floor plans, including open concept plans, master bedroom suites and master baths, and upgraded kitchens that include islands, custom cabinetry, and plenty of counter space. You can design a manufactured home and include all of the upgrades and luxuries of a site built homes
They’re spacious. Some floor plans include living rooms that are 20’x13’, master bedrooms that are 15’ x 13’, and kitchen/dining room areas with space that is around 24’x13’. You can select a floor plan which meets your needs, homes are available ranging from one to four bedrooms.
UMH Properties help you choose a location and style of home that will match your needs. We’re here to help you through the buying process, and once you’re in your home, our on-site manager can answer questions or address any concerns. Contact us today to learn more about our homes and communities.