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Important Things to Consider When Renovating your Manufactured Home

Important Things to Consider When Renovating your Manufactured Home

Manufactured Home For Sale
Manufactured Home Renovation

Many homeowners consider extending the living space in manufactured home for sale to improve the living standards offered by the home. Conducting any sort of renovation works will assist in expanding the cramped interior of a home. This will open up space in the interiors that facilitates easy movement while also offering an excellent way for conveniently store essential things inside the home.

However, there are many important things to consider well before embarking on a major renovation work in manufactured housing. For homes located in a manufactured home park, it can get quite difficult in considering any renovation works in the home due to the various space constraints. Below are some important things to consider when renovating your manufactured home.

Structure of the Home

While considering a renovation of the home, it is particularly important to evaluate the overall structure of the home. This is because the various renovations needs differ according to the structural considerations of the home. For homes with basement and solid foundation, the process of renovation is completely different. Some of the manufactured homes also rely on no support at all, which requires due consideration while going for any renovation work on the home.

Intact Floors and Walls

During the process of renovating the home, it is especially important to keep the floors and walls intact from any damage. If any such incidents occur, such as holes in the walls and floor, replace the portion immediately. Major structural changes like the tearing down of the walls will definitely affect the flooring. Any such flaws or damages in the floors and walls should be secured quickly during the renovation of the home.

Interior Space Addition

The addition of space into the interiors is one of the most dependable renovation works that can be done in manufactured homes. It is an easier task and the spaces can be expanded by removing a partition from any part of the home. Such opening of the partition in any interior portion of the home will result in enhancing the spaciousness of the interiors.

It is best to secure the necessary financing in the form of loans for renovating your manufactured home. This is much easier for manufactured homes that reside on a permanent foundation. The funding will help cover the appraised value of the home and any repair work in the exterior as well.

Advantages of Using Insulated Vinyl Windows in Manufactured Homes

Advantages of Using Insulated Vinyl Windows in Manufactured Homes

Best Manufactured Homes
Insulated Vinyl Windows

The best manufactured homes these days make use of many techniques to improve the overall energy efficiency of the home to cut down the utility bills. Both manufactured and site-built homes are made making use of the same type of building materials, but they differ a lot in the building process. Yet again, manufacturers and builders use branded materials in the construction process, mainly for flooring and finishing, in both.

Homebuilders offer manufactured home windows in materials like vinyl, fiberglass, wood, glass, etc, whereas site-built homes use vinyl as the standard material for windows. In fact, vinyl insulated windows are the trending option in manufactured home windows these days. Below are some of the biggest advantages of using vinyl-insulated windows in manufactured homes.

The Most Noted Advantages

Using vinyl windows with double pane can help you increase the insulation of your home further to decrease the energy usage. Experts in home construction industry say that using double pane single hung vinyl windows can help improve the energy efficiency of the home rather than using the double hung models, as the window will not have many positions to let the air in and out.

There are many advantages like resistance to impact, condensation, and loss of heat while you use vinyl-insulated windows in new manufactured homes. In addition, vinyl material is very much durable and needs only very little maintenance in long run. Some of the popular home manufacturers also offer Argon gas and Low-E options in vinyl windows, as both these options help to decrease the amount of Ultra Violet rays entering the home by improving the insulating power of the window. This will not only offer protection to your family from the harmful sunrays but also prevent the curtain drapes and other fabric used to decorate the home from becoming dull.

Insulated vinyl windows are also available with varying design pressure levels to allow placement of the home in wind zones. If you are planning to place your new manufactured home in a high wind zone, then you might have to reinforce the insulated vinyl window of the home with aluminum, depending on the building code of the area.

Double pane insulated vinyl windows can be a great option for you, if you are looking for energy efficient window option for your mobile or manufactured homes that can help you reduce the heating and cooling charges of the home.

Securing Finance for a Manufactured Home Improvement Project

Securing Finance for a Manufactured Home Improvement Project

Manufactured Houses
Manufactured Home Improvement Project

Securing finance for a manufactured home repair or renovation project can be a bit difficult and tricky task. If you are living in an old manufactured house, you will probably need to make repairs to the house to make it a bit more attractive and to fix damages. However, if you are planning to sell your old mobile home in the near future, then securing finance for repairing the house is not a good idea.

Having a proper knowledge on the various manufactured home financing options is necessary, as it will give you an idea on how to acquire finance for manufactured home repairs. So, consult with a few manufacturers and some manufactured homeowners, as it will help you understand about manufactured home financing options.

Some of the credit unions in the country often provide competitive financing for manufactured home repair in the form of personal loans and equity loans. However, credit unions may sometimes add the vehicle you own as a lien for securing the loan on manufactured houses.

Some other popular sources of financing are personal loans from your family members, friends, or equity loans. In addition, you could also seek help of your own personal bank and request them to finance your manufactured home improvement project. If you are a person with a good credit score, then acquiring a loan from financial institutions will be a simple task.

Several expert manufactured homebuilders advise their customers to look for the best interest rate when they are trying to secure finance for manufactured houses improvement project. Additionally, homeowners should also try not to settle for an enormously high, long-term interest rate loan. This is because most old manufactured homes fail to retain their value as much as conventional site-built homes, meaning that paying back a huge amount to your financial institution is a bad idea.

However, manufactured home improvement projects that include updating the bathroom or kitchen, adding porches or patios, replacing the flooring, wall covering, and paneling can help to raise the resale value of your home significantly. This will help you get a better deal when you are selling the house.

Best Manufactured Homes Hinges on Credit Score

Best Manufactured Homes Hinges on Credit Score

Manufactured Home For Sale
Manufactured Homes Hinges

We know hinges are used on the best manufactured homes to ensure portability. Clearly understanding the overall financial terms and conditions would quicken the process of manufactured homes for sale. The property loans, for instance, are given based on whether buyers own the property or settle in as rented occupants.

Real Property Mortgages Specialties

Buyers owning the land seek a lump sum amount as down payment to buy the best manufactured homes. When approaching lenders, the homeowners must submit the requisite property certificate proving their ownership credentials. Real property mortgages are similar in amount and other lending conditions of a traditional home loan.

Personal Property Loans aka Chattel

The manufactured homes for sale are classified under National Automobiles Dealers Association. The thing that separates the chattel loans to the real property mortgage is the down payment and interest. Rented occupants managing a portion of the lump sum amount seek chattel loans for short term with curtailed interests.

What is With the Classification?

These classification methods are adopted by lenders mainly to satiate the financial needs of the respective buyers and in line with the construction cost. Some owned properties have a landscape, whereas skirting on walls usually goes into the making of all manufactured homes. The customizations would eventually determine the loan amount and the type of loan that buyers get.

When are Chattel Loans Preferred?

Chattel loans are preferred by builders mainly because they are secured by the manufactured home for sale. This is completely different from what happens in a traditional site built home. The buyer lien the possession rights to lenders to gain real property loan until debt repayment. After repayment, they get full possession of the property as per the standard regulations.

In order for the manufactured home for sale to be classified as a real property, they should be assembled on a buyer owned land. Being a buyer, you could make a case for either type of loan based on your credit score accredited by the lending institute. Generally, the credit scores are three-digit scores given as per the repayment ability of the buyer.

Safety Tips for Manufactured Houses

Safety Tips for Manufactured Houses

Manufactured Houses
Manufactured Houses Safety Tips

Many American citizens have started to choose manufactured housing over all other types of housing because of the comfort and convenience offered by these structures. If you are planning to build manufactured houses or if you are planning to invest in these factory-build structures, then you should have a good knowledge about the construction process of manufactured houses.

Consulting with experienced manufactured homebuilders will certainly help you to get an idea of the construction process and it will probably help you discover more about them. The next thing that you should know is to how to eliminate the chances of fire and tornado accidents in these structures. Below are a few fire, CO2, tornado, and high wind safety tips that will protect your home from these dangerous natural hazards.

Fire and CO2 Safety Tips

Install Carbon Monoxide and Smoke Detectors

Manufactured homebuilders advise their customers to install reliable and efficient carbon dioxide and smoke detectors at their home. They also insist homeowners to keep the alarms on each end of their home. Homeowners will also have to ensure whether they are working properly or not every 6 months.

Buy Fire Extinguishers

Make sure to buy at least two fire extinguishers and always keep them inside your manufactured home. You can keep one of them in your kitchen and the other one in your mechanical room. In addition to that, you should also use fire retardants, as they will help you to prevent the spreading of the fire when there happens to be a fire accident in your home.

Tornado/High Wind Safety Tips

Follow Instructions

The first and most important thing to do after building a manufactured house is to confirm whether the house is installed according to the local and state regulations as well as per the manufacturer’s instructions. If your home is not installed according to the regulations and instructions, immediately consult with your manufacturer and take necessary steps to resolve the issue.

Monitor Weather Reports

If you are living in an area that receives high wind, then keep a close look on the weather variations and know the difference between a warning and a watch. In addition to that, you should also purchase additional tie downs, as it will offer more security to your home. Consult with your local contractor to get more information on tornado/high wind safety tips.

Simple Remodeling Projects for Manufactured Housing

Simple Remodeling Projects for Manufactured Housing

Best Manufactured Homes
Remodeling Manufactured Housing

If you are planning to remodel your manufactured home, then you should note the fact that any home remodeling project should increase the equity and improve the quality of home. This means that you will have to choose the remodeling plans carefully and efficiently. So, consult with a local contractor and ask for a few remodeling suggestions that will increase the value of your manufactured home.

Note that if your home is more than a 10 years old, then you should initially conduct a thorough inspection of your manufactured housing before starting the remodeling project. If you find out that your manufactured home might not be able to withstand the remodeling, then it would be wiser to buy any of the best manufactured homes for sale rather than remodeling your old home. However, if everything is OK, then here are a few simple budget-friendly manufactured homes remodeling projects that will bring a fresh look to your home.

Doors and Windows

Replacing the older and ugly doors of your older manufactured home with fresh and attractive ones will instantly make your home look a lot more appealing to your neighbors and visitors. Moreover, it will also increase the function and aesthetics of your manufactured home and reduce the heating costs.

Vinyl Siding

Many manufactured home manufacturers in the country advise their clients to choose vinyl siding over other types of sidings when they are remodeling their house. This is because vinyl siding instantly transforms the look of your manufactured home and also cuts down the cooling and heating costs of your home.

Roofing

Replacing the shingles of your older manufactured home or installing a new roof over will help you to increase the resale value of your home, particularly if the manufactured housing structure is 5 years or more old. In fact, you will be able to do a roof-over even without making a huge payment.

Bathroom Update

Remodeling the bathroom of your manufactured home is quite similar to a manufactured home kitchen remodeling project, If you are running low on budget, then we highly recommend you to not make any structural upgrades. Many expert manufactured home remodeling contractors claim that even the most simple and basic kitchen remodeling results in a 70% return on investment.

Decking

Adding a covered porch or deck to your old manufactured home will increase the living space in your home, which is a valuable thing for all smaller homes in the country. In addition to that, it will also increase the resale value of your home and allow you to grab a better deal when you are selling the house.

Tips for Moving into a Manufactured House

Tips for Moving into a Manufactured House

Best Manufactured Homes
Best Manufactured Homes

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.

Shop Around

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.

Get Insured

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.

Why People Invest In Mobile Home Lands

Why People Invest In Mobile Home Lands

Manufactured Houses
Mobile Home Lands

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.

Competitive Advantage

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.

Inexpensive Maintenance

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.

A Beginner’s Guide to Reverse Mortgage for Manufactured Houses

A Beginner’s Guide to Reverse Mortgage for Manufactured Houses

Best Manufactured Homes
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.
Incorporating Contemporary Design into Manufactured Home Living Room

Incorporating Contemporary Design into Manufactured Home Living Room

Manufactured Home For Sale
Manufactured Home Design

The increased customization features of manufactured homes offer numerous benefits in the design of its interior spaces. In manufactured homes, the living rooms serve as the ideal space for including any interior design concepts. This is due to its increased spaciousness than other parts of the home. In addition, living rooms are the key places of attraction in a home, which makes it necessary to have a good interior design feature in that space.

Contemporary and modern are the two key design trends utilized nowadays in the housing industry. Both these styles differ in their basic features like shape, texture, and color, but strictly follow the rules of simplicity and minimalism. The contemporary design uses bolder colors, curves, and many reflective surfaces that make it ideal for creating a living room in a manufactured home.

In addition, the modern design features can also be mixed with the contemporary style on a budget in manufactured homes. This will enable in creating a living room that blends the two styles seamlessly, which makes it aesthetically far more pleasing while offering the best living experience possible. The following are some tips in using contemporary and modern design styles for the living room of your manufactured home.

Bolder Colors

Generally, living rooms are covered in more of natural colors. This neutrality in colors will assist in effectively pairing it with the rest of the aspects of a living room like furniture and carpets. To incorporate a fusion of contemporary and modern designs, go for bolder colors and pair it accordingly with bright accents for the pillows and blankets.

Metallic Furnishings

Exposed metals are a key design element used for making a contemporary living room. Metal chairs, coffee tables, and wall pieces serve the purpose well, and selecting the right one for your home is entirely dependent on the chosen color scheme. Using stainless steel appliances and utensils in the kitchen and minimalist metallic furnishings will truly incorporate the contemporary design styles into your home.

Reflective Pieces and Scandinavian Furniture

The addition of reflective pieces can provide a look of modernity into your home. Mirrors and chrome lamps need to be positioned accurately for getting the best results. For more than one piece, position them on the opposite ends of a wall to bounce light effectively around the room.

Scandinavian furniture is another innovative way to incorporate modernity into the home. Their features of lighter wood tones, thin legs, and contrasting colors serve well to the aesthetic feature of the interiors.