How To Buy Manufactured Home
Curious about how to buy a manufactured home? Manufactured homes are a great alternative to purchasing a costly house. Manufactured homes have come a long way over the years. You can customize your manufactured home and even choose the location. This makes a manufactured home very attractive to buyers. When you are in the market for a manufactured home, you must know how to buy one.
To buy a manufactured home, you will need:
- A design for your home
- Financing options
- Decide on the size. Manufactured homes come in a variety of sizes. Square footage typically ranges from 900 to 2,500 square feet. You decide which floor plan best suits your needs. You may want to search for companies in your area to view models.
- Decide on the interior design. You can customize the cabinets, closets and bathrooms. Decide if you want custom cabinets, walk-in closets or whirlpool tubs. You can even add a wood-burning fireplace. Most manufacturers use computer-assisted design tools to allow you to choose variations on the floor plans based on your budget.
- Consider financing options. The retailer will provide you with information about financing or you can check with local lenders in your area. You have options, just as you do with a site-built home. Expect to put down a down-payment. In most cases, you will need to put down between five and ten percent of the sale price. A typical loan term is fifteen to thirty years. Be aware that you must also purchase the land. You can consider financing this with your mortgage.
- Know the zoning laws. Check your city zoning laws to know where you can place your home. There may be certain restrictions. Inquire about utility connections as well.