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At Preferred Homes, you can choose the type of foundation, attached or detached garages, porches, and even the addition of a deck. Just like with the traditionally built new homes, manufactured homes can be customized, from cabinet finishes to plumbing fixtures to flooring. They can come with fully equipped kitchens, vaulted ceilings, walk-in closets and luxurious bathrooms.
This is the interior only, outside features like covered parking and porch are not included. Single-wide manufactured homes are the smallest of all the options and are typically the least expensive. They generally include one to two bedrooms and one to two bathrooms and are about 500 to 1,200 square feet. Single-wide manufactured homes measure 18 feet or less in width, 90 feet or less in length and up to 9 feet in height, which is about half the size of today’s average site-built family homes. Single-wide fits within a highway lane, which means that less on-site work will be required.
Value of Manufactured Homes
If you already own mobile home insurance, be sure to check with your carrier about whether or not they cover a mobile home while it’s in transport. The size of your home will have a big effect on the overall cost. As expected, single-wides will cost less to move than double-wides, which are twice as big. If your home is too wide to drive down the street safely, you may also have to pay for a police escort or a temporary road closure. Taller homes typically cost more to move because the choice of travel routes may be limited, potentially resulting in traveling more miles.
In real estate, value that is added to an asset is called appreciation. Sometimes mobile home owners accidentally hit the jackpot and move to a certain area of town before it’s trendy. Next thing they know, everyone is moving to that neighborhood and houses are simply flying off the market. That might happen to you, so it pays to do some market and location research. Deprecation is a combination of all of the other factors we’re talking about today.
Factor #2: Bedrooms and Bathrooms
Double wide mobile homes offer an appealing exterior appearance with a size that fits well with an open and spacious floor plan layout. Double-wide homes have a range of floor plans and amenities comparable to site-built homes. Double wide manufactured homes are two similarly sized sections of a home, each around the size of singlewide, seamlessly joined together to create a larger, rectangular double wide mobile home. Most popular and in-demand these days is the double-wide manufactured home. These mobile homes are constructed and transported in two sections and then assembled on-site.
Like all properties, the cost of a manufactured home is influenced by the cost of surrounding homes in the location. The manufactured home will need to be placed on rented or purchased land. Large-scale production means the manufacturers are able to purchase a high quantity of building materials at a lower cost, resulting in a more affordable price without sacrificing quality. Manufactured homes are constructed with permanent steel frames, vinyl siding, fiberglass shingles, and high-quality insulation. As a luxury home, you get more options, so $15,000 give or take a few thousand is more likely the conversation you should expect.
Average Starting PRice
Most of us still use these two terms interchangeably when we refer to a housing unit on wheels. We would be remiss not to mention the difference between a used and a new mobile home. If you’ve lived in mobile homes for any amount of time, you know the difference.
The walls are all tape-and-texture walls and the kitchen and bathrooms are gorgeous. Check out our podcast focusing on affordable housing and our blog with tips & tricks for all homeowners. These homes are move-in ready including land and all utility hook-ups. The transport-only move for up to 60 miles is about $700-$1,000 for a single-wide, $2,000-$2,500 for a double-wide and $2,600-$3,500 for a triple-wide.
Make sure to check with the home builder about what you’ll be expected to pay for, potentially including labor costs to set and install the home. Prefab garages and carports are also popular options for some homeowners. A prefab steel garage can cost as little as $4,000, but as with all garages, you should check with your community association first to ensure that you’re allowed to build one.
Many people are opting for manufactured homes due to a general rise in housing costs and difficulty buying a traditional home. Purchasing a manufactured home is one of the best options for those who want to become a homeowner without going into heavy debt and being tied to a mortgage. An important thing to know is that manufactured homes actually appreciate in value at the same rate as a traditional home, and last equally as long. If you’ve put off buying a manufactured home due to a misconception that they don’t have the same resale value, think again. For apartments, and even higher for mortgage house rentals or mortgage payments. With a manufactured home cost, monthly payments vary greatly based on the type of loan you receive, but some pay as low as $500–800, and the money is going toward an asset you will own.
Purchasing a manufactured home may be more affordable than you think. Let’s look at TRU Homes as our example of a home for a modest budget. The siding, linoleum flooring throughout, and air conditioning upgrade options are common in most mobile homes. On the other hand, the dishwasher and Energy Star package found as an upgrade in Tru are generally standard with our other manufacturers. Because they are factory-built, the construction of manufactured homes is never delayed because of bad weather.
As an estimate, most moving companies will move a small single-wide home within the state and up to 60 miles starting at about $1,000. Whether you need help moving into your manufactured home,our extensive network of reputable and reliable moverscan get the job done. All relocation companies in our network are licensed and insured. If your manufactured home will have a permanent foundation and you’re financing both the home and the land it will sit on, then you may qualify for the Rural Housing Services loan under the U.S. Read the fine print carefully before sending in your application.
While your manufactured home’s value can depreciate, land usually appreciates. Thereby an increase in the value of the lot itself can help to cancel out any loss of value or even lead to a slight total increase. The mobile home park in which your house is situated could impact its individual value. If you own a lot in the park or your home is fixed to a lot the impact of this will be magnified. Many prospective buyers will prefer this as it’s more eco-friendly and it will save them money in the future.
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