Have you wondered why new manufactured homes for sale are so popular while brick and mortar – or standard – homes are being sold at much lesser rates? The answer is not simple, but it can be boiled down to three reasons.
1. New manufactured homes for sale are cheaper than site built homes. Since they can be built almost in their entirety in a standardized factory setting, they are a lot cheaper to manufacture, making it possible for companies making these homes to pass on the savings to the consumer.
2. Building on site homes is taking a lot longer than putting up new manufactured homes for sale. The latter can be built in a matter of two weeks, while the former may sometimes linger on for a couple of months. At issue are labor conditions, weather, and companies going out of business at alarming rates (a big one is the currently shaky economy).
3. The third reason why new manufactured homes for sale are so popular is simply the fact they are easier to pay for. They cost a lot less and therefore financing is a lot easier to get. Banks who are hesitant to lend hundreds of thousands of dollars for real estate are indeed willing to lend sufficient funds to buy the less expensive manufactured homes.
These reasons are now compelling those who would not normally have considered new manufactured homes as a suitable option to stop and take a surprised and then appreciative second look.