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Important Tips for Appraising a Manufactured Home

Important Tips for Appraising a Manufactured Home

Manufactured Houses
Appraising Manufactured Home

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.

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.
Common Misconceptions about Manufactured Homes

Common Misconceptions about Manufactured Homes

Manufactured Housing
Manufactured Homes Myths

Manufactured homes have completely altered the housing industry around the world. It has become the preferred housing alternative for many low-income homebuyers. This is due to the many benefits they offer to the buyer like lower costs, quicker factory-built construction, and durability. However, there are many misconceptions associated with the concept of manufactured housing that prevents many buyers from choosing to buy one. Given below are some of the common misconceptions about manufactured homes and the truth about them.

Look Alike

Identical looks and features are one of the most commonly misunderstood aspects of manufactured homes. Most buyers confuse such homes as cramped and devoid of comfortable spaces, unlike a traditional home. However, this is false as manufactured homes present itself a wide range of customization options in regards to its aesthetics and functionality.

All manufactured home builders offer a diverse collection of floor plans and other prominent customization options like roofing, kitchen cabinets, bathroom additions, etc. Relying on a manufactured housing option will provide the customers in choosing their preferred features, plan, and location to cater to their various living needs and lifestyle.

Poor Quality and Lack of Safety

Poor quality in construction is a highly misunderstood fact regarding manufactured homes. This is untrue, as all manufactured homes are built using the same construction materials as that employed in conventional homes. Furthermore, the factory-built construction of manufactured homes offers more quality and finish than what we get with a site-built home. In addition, the construction of manufactured homes is strictly regulated by the US Department of Housing and Urban Development.

In regards to the safety considerations, the construction of such homes abides by Manufactured Home Construction and Safety Standards. These regulations involve ensuring certain construction, durability, quality, energy efficiency, design, and many other performance standards.

Less Energy Efficient

Lack of energy efficiency is another thing that is clearly misunderstood about manufactured homes. However, this is untrue as well, since most of the modern manufactured houses allow for increased retrofitting, remodeling, and design for ensuring better energy efficiency than conventional homes. In addition to that, most manufactured home builders and installers have certified Energy Star ratings in their products for improved energy efficiency of these homes.

Value Reduction

Most buyers have wrong assumptions about the decreasing value of manufactured homes in resale. However, it is proven by many studies that such decrease or increase of a manufactured home is dependent on the same factors that affect the market value of conventional homes.

Things to do after Buying a Manufactured Home in a Park

Things to do after Buying a Manufactured Home in a Park

Best Manufactured Homes
Manufactured Home Park

Manufactured houses are one of the most popular housing choices available to us at present. One of the major advantages of being a manufactured homeowner is that you can move the housing structure from one place to another, which means that you don’t have to spend your whole life at a single location.

However, many potential homebuyers prefer to buy manufactured houses that are located inside a manufactured home park or a community. This is an excellent idea because it will significantly boost the resale value of your manufactured home. So, here are a few steps that you should consider following after purchasing a manufactured home in a park.

Ownership Change

The first and most important thing to do after closing the deal is to transfer the ownership of the manufactured home from its previous owner to your name. If you don’t transfer the ownership of the newly purchased home from the seller, then you might even face the risk of paying penalty.

Most states have a deadline that lies between 7 to 30 days for transferring the ownership. So, consult with your local homebuilder and enquire about rules and regulations put in place pertaining to your area.

Thanks Note

You owe a sincere “Thank You” to the person who helped you find the right manufactured home for your needs. If this was a referral from another home dealer, park manager, acquaintance, or investor, do not be hesitant to thank him or her either through the phone or in person.

You could also send them a gift to show how grateful you are for their help. However, you should note the fact that several states do have a limit on how much a non-real estate agent can be compensated for leading a homebuyer to a successful deal.

Curb Appeal

If you are planning to resell your newly purchased manufactured home after residing in it for a few months or years, then you should decorate the house and try to make it a lot more attractive to your neighbors and visitors. You could also try to incorporate a few energy efficient upgrades, as they will considerably increase the resale value of your home.

On the other hand, if you are planning not to sell your house anytime soon or ever, then we highly recommend you to customize the house according to your needs and wishes.

Exterior Design Tips for Enhancing the Appeal of Modular Homes

Exterior Design Tips for Enhancing the Appeal of Modular Homes

Modular Home Manufacturers
Exterior Designing of Modular Homes

Modular homes provide immense possibilities in design and customization for the homeowner. This is particularly helpful in highlighting the unique character and appeal of the home in both its interior and exterior. This serves as a direct answer to many of the misconceptions about modular homes regarding their similarity in look. However, modular homes have a huge range of customizable options that will aid in designing the homes according to our preferences.

The exteriors remain the most important area of a modular home, as it conveys the overall theme of the house to any onlooker. Any major makeover for your home should start from the exteriors, which includes all additions and design works. For this, there are many tips to improving the overall look and appeal of your modular home. Some of them are described in detail below.

Roofs and Dormers

Roofing plays a significant role in enhancing the appeal of your modular home. For such homes, there is a huge range of decorative roofing available made of tiles, ceramic, and slate materials. Installing them can aid in the look of your home and offer many other benefits like durability as well.

In addition, dormers are excellent additions that further enhance the appearance of the roof. Dormers are also a highly affordable option in adding the character and personality to the home. It also offers many functional benefits like letting in a good amount of natural light to the interior of the home.

Decorative Front Door

The front door is a unique and notable addition to making your modular home stand apart in the neighborhood. A good decorative front door conveys many of the lifestyle preferences of the inhabitants of the home as well as conveys a fashion statement. When installing a decorative front door, always consider that the material is not made of too much glass, as this can compromise on the safety of the home. So, always go for one that blends in safety and functionality.

Adding Front Porch

The addition of a front porch can aid in enhancing the overall look and character of your modular home. One of the major benefits of adding a porch is that it provides a comfortable space for the inhabitants of the home to sit and relax. Moreover, a front porch will present a more welcoming feeling into your home.

5 Tips to Cut Down the Heating Costs in Manufactured Houses

5 Tips to Cut Down the Heating Costs in Manufactured Houses

Manufactured Houses
Energy Efficient Manufactured Homes

Manufactured houses are certainly an efficient and inexpensive place for both individuals and families. However, it is true that most of the older manufactured homes are not that efficient when we consider the home energy needs of the manufactured homeowner.

If your manufactured home doesn’t have a good insulation, then the housing structure may be a little bit extra cool during the winter season. This means that the manufactured homeowner will have to bear expensive heating costs during the season.

If you happen to be in such a situation, then there are two options in front of you. The first one is to spend your valuable money on heating and cooling during these seasons. On the other hand, you can simply upgrade your home, and this is a much better and economic option.

Below are a few upgrade options for manufactured houses that will help you cut down the heating costs of your home.

Install Better Skirting

One of the simplest ways through which you can reduce manufacturer home heating costs is to install a new and better skirting. Skirting significantly improves the appearance of manufactured houses and it also prevents the blowing of cold air from the underneath of the home.

A better skirting will restrict the entry of cold winds into your manufactured house and it holds the heat from the vents. This will maintain the heat inside your home.

Upgrade the Windows

If you replace the old and unattractive windows of your old manufactured home with new ones, then it might help you to cut down the heating cost of your manufactured home.

The old windows of most manufactured houses are less insulated and thinner. Therefore, replacing them will keep your home warmer during winter. Replacing a window is actually a simple home improvement project and it is not even as costly as you may think.

Inspect your HVAC System

If you service the HVAC system that comes with most of the manufactured houses at least once in a year, then you will be able to considerably cut down the heating costs of your home. Some of the companies do offer a service, which consists of a licensed professional examining the HVAC system two to four times every year.

Besides, if the HVAC system of your factory-built house is not working properly, then it may cost you a fortune. So, conduct regular inspection of the system and check for damages.

Simple Tips to Follow While Remodeling your Manufactured Houses

Simple Tips to Follow While Remodeling your Manufactured Houses

Manufactured Houses
Remodeling of Manufactured Houses

It is a known fact that the remodeling of manufactured houses requires careful and efficient planning. Many manufactured homeowners prefer to remodel their house in order to bring a fresh look to the structure and to make it a lot more attractive to the viewers.

However, if you are planning to remodel your manufactured house, then the first thing to consider is how much money you are willing to spend on the project. If you have a rough estimate for your manufactured home remodeling, then we assure you that your remodeling project will be a huge success. Below are a few simple tips to help you remodel your mobile home on a budget.

Planning

You will initially have to come up with a solid remodeling plan before buying things and before starting the remodeling project. Take your time to figure out how much money you are planning to spend for the mobile home remodeling project.

Plan your remodeling project and estimate all costs before you begin the works. If your remodeling plans are fairly basic, then you will certainly have an amount to spend on decorations and cosmetics. If there are any minute repairs on your house, then hire a local builder and fix them before starting the remodeling.

Shop Secondhand

You can keep the costs of your manufactured house remodeling significantly down if you are willing to shop secondhand things. You will be able to find great deals at antique shops, thrift stores, and online stores for that. Try to find a shop, which sells secondhand lights, cabinets, and fixtures, as it will help you to save plenty of your money.

You can easily cut your remodeling costs by buying secondhand items rather than buying brand new expensive items from hardware stores. However, you do not have to compromise on quality while buying secondhand items.

Do the Big Stuff First

When you are remodeling your manufactured home, you should initially replace the most expensive things before replacing the less expensive things. For instance, if you are remodeling your bathroom, then you should initially replace the shower and sink. Similarly, if you are remodeling your kitchen, then you should initially replace the stove and cabinets.

Experienced mobile home manufacturers advise homeowners to replace the big and staple items first. This is because if you run out of money during the remodeling project, then you would have at least completed the major tasks.

Tips to Follow During a Manufactured Home Kitchen Remodeling

Tips to Follow During a Manufactured Home Kitchen Remodeling

Manufactured Houses
Manufactured Home Kitchen Remodeling

Doing a kitchen remodeling on your manufactured home is one of the best and simplest thing that you can do to boost the resale value of your home. However, if you are planning to remodel the kitchen of your manufactured home, then you will have to consider a few factors before starting the home improvement project.

Remodeling the kitchen of manufactured houses is pretty much similar to that of a conventional site-built homes in several aspects. However, there are a few key differences that you should certainly know before you start the home remodeling project. Below are a few tips and tricks, which will help you to efficiently and successfully complete the kitchen modeling of your manufactured house.

Know the Plumbing

Plumbing pipes in a manufactured home is actually a lot different from that of conventional site-built homes. If your manufactured home is a little bit old, then you will probably need to do a few changes to the plumbing of your house during kitchen remodeling. However, if your manufactured home is a relatively new one, then you might not have to make any changes to plumbing of your house.

How Far are you Going

In certain cases, changing the cabinet doors of your kitchen or a simple flooring change might bring a huge change to your smaller kitchen. However, some manufactured home kitchen remodeling projects may include removing the walls of your kitchen and stripping the kitchen bare to add new components. So, make a decision on how far you are going with the kitchen remodeling project.

Insulation can Save you Money

Many manufactured homeowners often overlook the insulation in their remodeling project. Yet most of the older mobile homes do not have adequate insulation. So, make sure to either replace or upgrade the insulation when you are doing a manufactured home kitchen remodeling.

Ensure Walls and Ceilings are Sturdy

Adding new ceiling materials and walls to your manufactured home is a typical upgrade made by several manufactured homeowners. However, we highly recommend you to consider about the possibility of any structural issues while making these upgrades, as it will help you to steer away from potential dangers.

Ensure the Home is Leveled

It is significant to understand the fact that a manufactured home does not have the ability to become level over time. So if your manufactured house is not properly leveled, then you should initially level it before remodeling the kitchen of your home and making other adjustments on the structure.

Things to Note before Buying Insurance for your Manufactured Home

Things to Note before Buying Insurance for your Manufactured Home

Best Manufactured Homes
Insurance for Manufactured Homes

Manufactured houses are a popular housing choice of many American citizens these days. The elegance, comfort, and convenience offered by these housing structures are a few reasons for the immense popularity of manufactured houses. In addition to that, manufactured homes are a lot more cheaper than conventional site-built homes.

Many manufactured homeowners prefer to have their manufactured homes insured. If you are one among them, then you must realize the fact that investment properties can be one of the most valuable purchases that you make in our life. This means that you will have to know a few things before buying insurance for your manufactured home and some of them are as follows.

Understanding Value

Your insurance agent or company may check the NADA value of your manufactured home when you are trying to acquire insurance for your manufactured house. Your insurance company will analyze the current value of your mobile home and offer either the same or a lesser amount.

Your insurance company will obtain the NADA value of your manufactured home. So, you don’t have to worry about providing this information to the insurance agents.

Roof Failure

Roofs of your manufactured homes are not built to be permanent. The life expectancy of your home’s roof may vary on a couple of factors such as the materials used during the construction and the quality of construction. In addition to that, falling debris and extreme weather may also cause serious roof problems.

So, if there happens to be any sudden roof collapse or any other serious roofing issues, then your insurance company will lend you the money to either replace or repair the roof of your manufactured home.

Appliances

It is significant to note that your insurance company will not cover the cost for your appliances. However, the damages that happen due to these faulty appliances are usually covered by insurance agencies.

Say if there happens to be an appliance break, then water will flood into the walls, countertops, and wood panels of your home. This may result in serious water damages. In such a scenario, you should immediately try to remove the standing water, as it will help you to prevent the chances for water problems, mold, or wood rot in the near future.

Installing Skirting to Mobile Homes

Installing Skirting to Mobile Homes

Prefabricated Houses
Skirting for Mobile Homes

Skirting is a necessary thing for mobile homes. Installing skirting will help hide the structural elements, offer barrier to the water and drainage pipes, and protect them from freezing. It will also help to retain heat inside the house in winter, protect the home from rodents and animals, and offer a finished look to the home.

In addition, installing skirting for the mobile home can help maintain average temperature under the house. Preventing the hot summer sun, cold breeze, and extreme temperatures from entering under manufactured houses will help you save on heating and cooling charges. Besides that, manufactured home skirting can be a great storage space for the seasonal stuffs like holiday decors, weed eaters, and lawn mowers. In fact, in most parts of the United States, it is law to install skirting for mobile homes.

Different kinds of materials are used to skirt mobile homes. The materials include stucco, brick, tin, cinder block, plywood, hardy board, vinyl, and faux rock are just some of the materials that are used to offer skirting for mobile homes. Read below to understand on choosing the best option for your mobile home skirting.

How Much Skirting your Home Needs

Regardless of the type of skirting that is to be used, you will need to find out how much skirting your mobile home need. To do this, you will need to find out the linear footage of the home.

To find the linear footage, you will need to add the length and width dimensions of all the four sides of the mobile home. If your home has any additions or car porches, ensure that you add the measurements to the final figure.

You need to include only the visible sides of the home while taking measurements. The end amount will be the quantity of skirting that you will need. You will also have to purchase the boarding, channeling, and footing for the skirting. If you are planning to use vinyl skirting, then you will need to but the top, back and the ground tracks.

Height between Ground and Home

Having this measurement will help you find how much material you will need to cover the sides of the home. You will have to measure from the ground to about two inches above the bottom of the home, as it will be a smart idea to add some extra to the measures.

After measuring the four corners, move to the middle of the length of the home and measure. Do this both on the front and on the back of the house. Now you can add all the measurements and divide it by the number of times you have taken the measurement. This will give you the average height of your mobile home. Linear footage and average height will help you find the amount of skirting required by the home.