A lot of people are renting because they don’t have the credit to buy a home or just don’t have the money to do so. There are other options to have a home. You can look into a manufactured or modular homes. Most people think they are double wide trailers. Well, this is where they started from.
Back in the days, you could buy a single wide trailer, until they came up with the double wide trailers. They got so popular that they started making them bigger and better, and this is where they came up with manufactured homes. People were taking this route because it is cheaper to own than buying a home.
Manufactured modular homes
Most people prefer manufactured modular homes these days because they cost a lot less than a stick house does. You can have them built any way you want; you can have any appliance put in them as well. You can even pick one that is two stories now. It can have a built-in garage too. You get to choose how many rooms and bathrooms you want as well as the type of paint and windows.
Ordering a manufactured home
Once you pick out a floor plan, you will be able to choose how many bedrooms and bathrooms you want including the type of paint and color you want for each room. You can add things like a bathtub and the shower that you have always dreamed of. The list goes on and on. You will be able to have the best name brand kitchen appliances put in, and the same applies to your laundry room.
Once you have made all your changes, they will bring your home to you in sections and put it to together. They will place it on your foundation and hook up all your water and sewer lines. This step takes about a week to get it all put together and in place.
Value of your property
For you to turn the home into a real estate property where you can borrow money against it in the future, you need to put it on a foundation. The banks will not allow you to borrow against it if it doesn’t have a foundation under it.
They have a so-called eight-point foundation that won’t cost as much as a whole foundation would. The banks will allow that style if you decide to get a loan.