The increase in the real estate process across the country has urged many homebuyers to choose manufactured houses over other housing options. Manufactured houses offer all the comforts of a conventional site-built home at a cheaper price. Another added advantage of buying a manufactured home is that you will be able to customize the house according to your needs and desires.
In addition to that, you also enjoy the luxury of installing a number of eco-friendly and energy efficient upgrades to your manufactured house to reduce the heating costs. Below are a few efficient tips for moving into a newly purchased manufactured home.
Many first-time homebuyers have a misconception that a manufactured or mobile house is just a trailer. Nonetheless, the reality is that the best manufactured homes come in a variety of sizes, shapes, and levels of luxury. This means that you will be able to find the right manufactured home for you and your family to live in without much research. However, make sure to shop around for manufactured homes, as it will help you to acquire a better home for a better deal.
Where to Live
You will have to find a place or site to install the house if you are buying a manufactured home. There are three options available to you. You can rent a lot, buy a lot, or become a part of a mobile home community or park. Installing your manufactured home in a community or a park that is filled with factory-built homes will certainly boost the resale value of your home. On the other hand, placing it in your own land will save you the rental expenses. So choose wisely.
Ensure that the manufactured home you are planning to buy is protected beyond the warranty of the manufacturer. This can be simply done by making an investment in manufactured home insurance. Below are three major types of manufactured home protection that you should look for.
Coverage of fire, water, and wind damage.
Theft of the belongings in your manufactured home.
Liability for personal injury.
Even though manufactured home insurance coverage is like standard household insurance, they are a bit more expensive. Look out for real estate agents who sell insurance as a part of packages to get the best deal in this scenario.
Customizations on both floor plan and style are common even for the affordable prefabricated houses. It would occur to the buyer to employ a style that suits their needs with regards to home specifications alone. The following are some of the styles adopted by modular home manufacturers to keep the buyer interest intact. Choose the one that suit your taste and needs.
The Cape Cod Style
Originated in Northeast America, Cape Cod features the sloped roof alongside an attic, often combined with a basement. Most modular home manufacturers provide additional dormers in this styling, which go on the roof, offering additional roof ventilation and storage space.
The Ranch Style
The ranch style is popularly used in American suburbs, which go beyond landfills of snow. Also known as the Rambler, this style of home features minimal exterior and an L-shaped floor. Modular home manufacturers mostly prefer rambler home style in warm weather conditions, as their short roofs are not suitable to handle the weight of heavy snowfalls.
The T-Ranch Style
Think of the same Ranch style with T-shape floor replacing L-shape and the rest remaining the same. Those who prefer to stay downstairs can do so and avoid frequent climbing upstairs. At times, climbing to the attic would prove to be a nightmare for some, even as the Ranch style offers story customizations.
The Two Story Style
This style of modular homes has two stories, with the roof extending from above the second floor. This is the most sought after means to building user-specific prefabricated houses with less land, sufficient interior/ exterior, and floor space. Unlike the Ranch style, there is solid separation between downstairs and upstairs.
Often it is the availability of space and user demands that decide the style to be employed in home manufacture. Weather conditions and inspection done by an expert would also suggest buyers on what cues to give to the modular home manufacturers. Homeowners prefer designs that are open for futuristic customizations, since these can be used as getaway cabins, small office, and apartments. Do you think that is a manufactured theory? Search it now to know further about discreet customer servicing based on availability of land.
The prefab tiny house movement features high-end interiors on a budget. Imagine having $50,000 as the budget constraint and building a couple of prefabricated houses somewhere in America. Sounds crazy, but not if you start from the scratch and pursue the best building traits suggested by collaborative building institutes.
The Building Blocks Module
The prefab tiny house of today has drawn inspiration from concepts such as the Lego lookalike building blocks. On a 600-square-feet prototype, builders could simply assemble walls and interiors with some amount of customization. You can think of adding extra square feet for rainwater harvest, LED lights, and the HVAC system gradually. You can have other interior installations with the family growing.
Inherit Workshop Models
Collaborative building institutes offer intensive five-day training workshops on erection and construction of prefabricated houses. Indigenous builders can send their labor force to get trained under respective certified programs and visit workshop modules on assembly. If you inherit this concept being an indigenous builder, you can build a top-of-the-line prefab tiny house on a budget.
Conduct Periodic Demos
The trends in prefab tiny house change periodically, forcing a change in the assembly line methods as well. The builder’s labor force shall learn rapid assembly tricks by using cordless drills and indigenous hardware procured from departmental stores. An open source license goes beyond that though; it lets you access the hardware tools directly from homeowners.
Gain an Open-Source License
An open source hardware license gives all the access needed to procure lumber, lime concrete, building blocks, and insulation. To construct the user-specific prefab tiny house, more construction nous is needed on efficient raw material usage. Further, an advanced home automation know-how clubs module based instructions with design choices and eco-friendly architecture. Your ambition of being the top builder gains momentum once you start to apply the learned math into practice.
Building institutes suggest builders to gradually make the jump from starter homes to large prefabricated houses. At present, the onus is on the security of construction in prefab housing segment. Take all the works that come along the way albeit home erection, home renovation, or even exercise workshops keep up with all the changes in trend. The budget-savvy prefabricated houses are always contemporary.
Hiring a Modular Home Contractor for Completing the Finishing Works
Many modular homebuyers have a misconception that their newly built modular home will arrive at their location as fully completed. However, the reality is that you will have to perform a number of finishing works on the structure before you move in. So, consult with a few modular home manufacturers to get a clear idea on the finishing works that you will have to perform on your modular house before moving in.
Many modular homeowners feel that they are capable of handling the finishing works of their new home on their own. This is not a wise idea though, unless you have a profound experience with contracting. Even though modular homes need only fewer site works than conventional site-built homes, all the finishing works are critical. If you fail to properly do the finishing works to your new home, then it can even result in serious structural damages. Below are some of the different types of contractors who can help you with the finishing works of your modular home.
General contractor is more like a manager than a manual worker. A general contractor usually has their own employees or staffs or may even hire subcontractors for completing the job. Hiring a general contractor is undoubtedly the best option when it comes to the finishing work of your newly built modular home. It may cost you a bit more money, but will definitely ensure that all the finishing works are completed properly.
Subcontractors are actually the people who are hired by a general contractor to do the work. They will be building the foundation of your house, connecting the plumbing lines, painting the walls, doing the electrical work, and all other necessary finishing works of your modular home. If you have experience in contracting, then you are free to become your own general contractor. However, hiring a professional contractor is always the best thing to do.
Self-proclaimed contractors are the ones who are uninsured and unlicensed. If you are planning to hire a contractor for completing the finished works of your modular home, then you should initially check whether they are licensed and insured or not. If they are not licensed and insured, then we highly recommend you to look for other contractors with license and insurance.
How to Convert Your Manufactured Home into a Smart Home
Many homeowners now increasingly favor smart homes and their popularity has enabled many to incorporate such automated features into their new modular homes. Manufactured housing with its increased customization options is most suitable for adopting smart home features. Manufactured homes have immense scope for incorporating such features without the need for any major renovations. Here are some ways by which you can convert your manufactured home into a smart home.
The presence of good Wi-Fi connectivity is the notable feature of an automated home. In manufactured housing, the normal Wi-Fi can be extended with the usage of a power line-networking plug. This directly fits into any power sockets in your home. To install this, insert the Ethernet cable from the router output port into the connector on the networking plug and connect the device to any power socket inside the home. This will effectively increase the signal strength throughout the home.
USB Power Outlet
USB power outlets are essential inclusions that can readily convert the best manufactured homes into a smart home. Such outlets allow for directly charging of devices like smartphones and tablets. To install them, you can either replace the entire power socket or go for a USB adapter that plugs into any standard power outlet.
Programmable thermostats are the key feature of an automated home and can be easily incorporated into a manufactured home. A standard programmable thermostat, although generally priced less, offers altering of the basic settings. Advanced models have imnproved features like WiFi support that allows remote controlling of the settings from any device like smartphone or tablet.
Smart locks feature keyless locking and unlocking of the exit and entry points of a home. Adding keyless locks are easy in manufactured homes since many manufacturers offer systems that range from basic to advanced models. Advanced systems support Wi-Fi that enables users to remotely control the locks from a smartphone or tablet.
Lighting systems nowadays come with smart features that enable automatic switching along with a significant reduction in energy consumption. Incorporating smart lighting into your manufactured home allows you to control the switching of the lights as well as their dimming and color. Advanced smart lights also support Wi-Fi that enables wireless control through any digital device.
We can strike a valuable deal and ensure resale value by purchasing mobile homes along with a property. The rules on ownership title separately categorize mobile home under the vehicle and the home property under real estate categories. Let us find out the short term and long term prospects of investing in mobile homes with land.
Depending on the strength of your client base, you would never have to be fazed by competition. Even if the mobile home located on a property becomes old fashioned, there is an option of a new home replacement. The varieties in manufactured housing segment, mainly to meet consumer demands, make mobile homes a worthy investment.
An investor, having the right skill set can do the repair works when mobile homes warrant service contract. In addition to that, there are exceptions to regional service rules, which allow builders to hire a handyman to perform warranty service. That way you can avoid the constant negotiations with a general contractor if your expenses are beyond budget.
Appreciation in Prices
Manufactured houses appreciate in value, all variable factors permitting. The appreciation of prices in mobile homes and the demand among buyers goes in sync even for homes having double-wide sizes. Seasons often guarantee appreciation and that is the time when you should cash in on a lot of properties like mobile home parks.
Control over Property
Where do investors get so much control over varying market forces other than in manufactured housing segment? In mobile home parks, on a tenant-based occupancy, the occupants have to rely on the owners for settling concerns. When a party invests on both the land and the mobile home simultaneously, investors get the control over property related matters.
Longer Term Buying Benefits
Adherence to rules eventually leads to tax relaxation, reduction in paperwork and liquid cash when paying off debts owing to tax department on a lump sum basis. The indirect positive income gives a long-term benefit for investors. In fact, laws regarding tax payment do not hold back investors from expense set-offs and property depreciation.
The great benefit of manufactured housing is the features and comforts offered by these homes. You can simply own the homeland and rent it out to third parties and that way even after retirement an income for a living is assured.
Importance of Inspections in Mobile Home Installation
Are you planning to relocate your manufactured house? If so, note that there are a few standard inspections, which you need to conduct before and after the installation of a manufactured housing structure. Read on to understand the details of these inspections.
Site Preparation Inspection
This inspection should be done before moving the manufacture home to the property. This inspection will help to ensure that the home installation site is prepared well, as a properly prepared lot is very much necessary before starting the installation of the foundation and anchoring systems of the home.
It should be ensured during the inspection that the area beneath the manufactured housing is well drained. This is important to ensure long-term structural integrity of the home. The installation site should be crowned and grades to avoid moisture accumulation under the manufactured home. In addition, a two percent slope should be provided to offer proper drainage. If it is impossible to provide slope, approved drainage systems can be used.
This inspection concentrates on the home installation, electrical, plumbing, and HVAC systems of the manufactured home. This inspection ensures that the manufactured home is installed properly on the site, with necessary piers and tie downs, as per the instruction manual of the home manufacturer. All electrical, plumbing, heating and cooling systems will be checked for their material quality and installation under this inspection. All appliances and parts that are installed by the owner will also be inspected by the same standards as professional installations.
This inspection will be done once the installation of the manufactured home is completed with all building service equipments, porches, decks, steps, etc. The permanent enclosures and skirting of the home will also be inspected to ensure that these are made of material that is suitable for exposure to elements and contact with soil. The permanent perimeter enclosure of the home should be made of materials used in regular foundation construction.
The inspection will ensure that the skirting of the home is installed as per the installation instructions of the home manufacturers. It will also ensure that the skirting is properly secured to minimize vibrations, assure stability, decrease susceptibility to wind damages, and to compensate for chances of frost heave.
The manufactured housing industry has witnessed tremendous growth in the US with over 17 million citizens preferring them for living. Their benefits like low costs, faster construction, and energy efficiency has contributed to their increasing favor among many.
The process of selling and buying manufactured homes has become entirely different now with the setting up of many new rules and regulations. Home manufacturers have adopted new policies that govern the pricing and selling of manufactured homes along with numerous Federal and state laws.
The appraisal process is highly important when considering manufactured homes for living. However, after inhabiting the home, the appraisal process does not include the standardized forms and procedures involved. The process of appraising a manufactured home is done using many other methods. The following are some tips to accurately determine the value of a manufactured home.
Assess the Location
One of the major factors that affect the value of a manufactured home is its location. The value will become higher if the home is located on its own land than on a leased land. It is also worth noting that the value of site-built homes located on a leased land will decrease over time. For homes without land, the amount of this decrease in value is about five percent a year.
When assessing the location, the area around the manufactured home location needs equal consideration. In addition, a growing community or neighborhood location facilitates an increase in the value of the home.
Condition of the Home
The general condition of the home can cause an increase or decrease in the value of manufactured homes. Other factors like aesthetic looks, functionality enhancements, and housing demands in the area also contribute to the value of the home.
The value is significantly higher for a home maintained in good condition than a home needing any major external and interior repairs and remodeling works. For homes located in a community, the conditions of the surrounding homes should be taken into account as well.
Comparing the Home
Another way to determine the value of a manufactured home is by comparing it to other homes that have the same characteristics of size, condition, and location. Do a quick comparison of surrounding manufactured homes to analyze whether they are put up for sale or if the homeowner has set a value. Online housing resources and contacting home community managers is the best way to obtain more information related to the status of the homes.
Difference between Prefabricated Homes and Stick-Built House
Stick-built homes use the age-old method of on-site construction, instead of the factory-made assembly work in modular homes. Prefab Tiny homes are trending these days among prefabricated houses. Let us draw a line between the two – prefab housing vs. stick-built homes – based on various construction aspects.
Zero Exposure to Outside Weather during Construction
There are more components in use in traditional houses than in prefabricated houses. The factory method to construction results in reduced manpower and quick assembly of interior and exterior work. The process of making a stick-built home across seasons can expose the structure to variable weather conditions, which is not the case in modular homes.
Flawless Customization Involved
In prefab housing, real customization occurs both inside and outside. The stick-built home has patterns to fall back, limiting the customization from outside. You cannot technically say the changes in room size and other interiors to be customized to perfection from the outside. In Modular homes that is flawless because designers can simply draw mind patterns using latest software.
Cost Per Kit Less Compared to Stick-Built
The modular kit is nothing but an assembled structure tailor made as per user needs. Prefabricated houses should meet all the building codes mentioned by the HUD, no matter the customizations involved. The more the number of customized kits; the merrier would be the cost per kit and vice versa.
What about Resale Value?
Resale value is a big deal since the value of a structural building is subject to depreciation in time depending on the quality of construction. The construction cost and the eventual price goes hand in hand which influences resale value as well. Suppose your modular home was built on an own property, what you may end up getting would be higher than what you had in mind.
These are the differences between stick-built homes and modular homes. One common factor between both is that they are fixed on a foundation and are not movable like the mobile homes. The funny thing is that you wouldn’t need a dowser to figure out where to place the house, for the expertise involved is way too high compared to stick-built.
A Beginner’s Guide to Reverse Mortgage for Manufactured Houses
It is true that many manufactured homeowners have no clue on what is a “reverse mortgage” even though they have heard the term several times. However, if you were ready to do a little bit of research, then you would be easily able to know what a reverse mortgage is and how they can be beneficial to the homeowners.
A reverse mortgage can be simply defined as a loan that is available to homeowners above 62 years of age. This loan allows these seniors to take equity in their manufactured home and to turn them into cash payments. Note that reverse mortgages are also known as Home Equity Conversion Mortgage (HECM).
One of the major perks of acquiring a reverse mortgage for manufactured houses is that the borrower will not have to repay the loan until he/she vacates or sells the home to another person. Reverse mortgages are one of the most popular and arguably the best choice for seniors with limited income who need assistance in paying the cost for health care services or help in covering their basic living expenses.
However, many seniors wonder whether reverse mortgages are a scam. Yet you must take note of the fact that reverse mortgages are actually a legitimate product that is offered by reputed banks and other lending institutions. In fact, such banks and lending institutions follow a number of regulations and rules in each reverse mortgage agreement.
Besides that, the manufactured homeowner will also have to meet several requirements and inspections for qualifying for a reverse mortgage. The Department of Housing and Urban Development (HUD), The Federal Housing Administration (FHA), and the moneylenders – all have their own specific set of rules and requirements, which you will have to meet for getting a reverse mortgage for your manufactured home. This implies that you will have to convince three different entities for acquiring a reverse mortgage for your home.
The Home Equity Conversion Mortgage Program (HECM) has put forward a general list of requirements that manufactured homeowners will have to meet for getting a reverse mortgage. Some of the requirements to become eligible for a manufactured home reverse mortgage are as follows.
Your manufactured home should have a HUD seal that is affixed on the exterior of the home.
Your manufactured house should be built after January 01, 1990.
It should be in its originally installed location.
It should have a minimum floor area of 800 square-feet
You must be the owner of the land where your home rests.