Let’s say you receive a job offer to move to Sherman, Texas, It’s an average town with a population of 38,521 located in north Texas, about 60 miles north of Dallas, 30 miles southwest of Durant, Oklahoma, where the estimated annual median income for a family is about $50,000. You’ve spoken to your bank, and have $150,000 to spend on your home. You then choose a new modern dual section manufactured home with three bedrooms and two bathrooms with 1680 square feet of living space.

Note: The cost of permits and fees vary greatly by municipalities. This is not only because the costs of those are different, but because some regions have an entirely different list of required fees than others. The permits and fees specific only to our example placement in Sherman, Texas are included in our price breakdown.

LAND – $25,000

The land value may vary greatly depending on its location. The pricing we have used is based upon actual available land, zoned specifically for manufactured homes, in a rural area on the outskirts of Sherman, Texas. 

BASE HOME PRICE – $65,000

The base price is for a quality home equipped with standard and essential optional features most preferred by home shoppers.

CUSTOMIZATIONS/UPGRADES – $7,000

Most manufactured home builders offer optional upgrades and customization features, allowing the homebuyer to personalize the home to meet specific wants and needs. Examples of optional upgrades and/or customizations available would be glamour bathrooms, covered porches, upgrade kitchen appliances, workstation/snack bar islands, entertainment centers, barn doors, additional cabinets and closets, additional windows, tray ceilings, increase or decrease room sizes, floor coverings, provisions for the handicapped, full or partial tape and texture drywall, exterior dormers, ENERGY STAR certified, etc. The $7000 listed is the average price of some popular upgrades, such as upgraded appliances, tray ceiling in the living room, dishwasher, upgraded carpet, tape, and texture drywall, and luxurious master bath, However, your cost can vary dramatically, depending on your personal preferences and circumstances.

SITE PREPARATIONS –  $30,000

Luckily, the costs of preparing this specific site prior to delivery and installation are relatively low. The property is already fairly flat and graded for proper drainage. The $30,000 price encompasses both pre and after delivery of the home to site. Those independently contracted services include septic system, water, and electrical lines and hook-ups, driveway, perimeter skirting, decks, steps, and various permits and fees.

FOUNDATION SYSTEM – $10,000

We are assuming your intent is to place your new home on an approved foundation system and legally attaching the manufactured home to your property, enabling it to become an affixture to real estate in order to obtain traditional low-cost mortgage financing. 

HOME INSTALLATION (SETUP) – $5,000

Delivery and setup at your building site includes mating of the home sections, leveling, pier blocking, carpet installation, connections to utilities, tie-downs, testing appliances and furnace and final finish, which includes door adjustments, installing ship loose molding for interior close-up at centerline, cleaning, permit sign off, and walkthrough with customer. If the home has drywall interior the cost of setup will add from $500 to $750 to hire an onsite drywall contractor to tape, texture and paint the walls and ceiling where the two sections join.

AIR CONDITIONING – $2,800

The home manufacturer recommends a 4-ton central air conditioning unit for your sized home and climate where the home will be located. There are some manufacturers that include air conditioning in their price, However, that is not the norm, typically the air units are supplied and installed by local independent heating and air contractors.

Total Cost – $143,800

The total cost of your new manufactured home, including a nice plot of land, comes to $138,800. That averages out to around $86.25 per square foot of quality living space that includes three large bedrooms, two bathrooms, a beautiful modern kitchen and skillfully designed features and amenities found only in more expensive site-built homes.
Now that you have the costs involved with a typical manufactured home transaction, you are invited to shop floor plans, home sizes, construction specifications take unique 3D virtual tours of homes available and secure a no-obligation price quote from retailers near where you desire to relocate, all from the privacy of your home –  here at ManufacturedHomes.com  Simply type your town into our home page search bar.

The post What You Can Expect to Spend For a Manufactured Home With Land and What the Money Pays For appeared first on ManufacturedHomes.com.

The holiday season is the time of year when many families began to contemplate the possibilities of becoming first-time homebuyers in the new year. Unfortunately, there are those that will once again conclude that purchasing a home is only a “pipe dream” that most likely cannot be realized. The shortage of affordable real estate, as well as economic and financing matters, have all but eliminated the possibility of homeownership, in the traditional sense, for hardworking low and middle-income citizens across America. However, a realistic pathway to homeownership in 2020 may actually exist — but perhaps has not been previously considered.

“You can’t have everything you want, but you can have the things that really matter to you”  – Marissa Meyer

Yes, there is a home that will allow your family to achieve the uniquely American dream of owning an affordable, high-quality custom built home that checks all the boxes of everything a home should be. That dream home is built in a factory and is equal or superior, in every respect, to a custom home built on-site — at a price up to 50% less than a new traditional site-built home. That home is a new modern, high quality, affordable manufactured home.

Unfortunately, there are many aspiring first-time homebuyers that associate a manufactured home and “mobile home” as being one-in the-same, a result of preconceived notions, stigmas, and prevailing myths that a “mobile home” will not meet their vision of what they would expect in a “real home.”

Those myths and characterizations have long been debunked. Legally and actually there have been no mobile homes produced in over four decades, with congressional passage of the Federal Manufactured Home Construction and Safety Standards Act of 1974, effective for homes produced after June 15, 1976.

In addition to the federally mandated strict construction, safety and health standards that equal and often exceed traditional site-built homes, manufactured homes offer a wide choice of outstanding amenities and features as well as customization options to satisfy the particular needs and desires of the home purchaser. For more information on the attributes of manufactured homes, click our recent post: Top 10 Surprising Advantages Of  Manufactured Home Ownership

“If you haven’t found it yet, keep looking. Don’t settle. As with all matters of the heart, you’ll know it when you find it.” – Steve Jobs

You’ve come to America’s preeminent website for learning about today’s manufactured homes and hopefully discovering the home of your dreams.

That’s not all you’ll find here at ManufacturedHomes.com. You can view and compare hundreds of models and floor plans, including all sizes, available features and construction specifications from manufactured home builders across the country. You are also invited to view scores of 3D virtual tours in which you can personally navigate a simulated walking tour of actual furnished home models, comparing features, amenities, and decors up close. Enter your location on our home page search bar to locate a retailer near you. Find a home (or homes) you love and request a no-obligation Custom Price Quote, all from the privacy and comfort of home.

Final Note:

“Twenty years from now, you will be more disappointed by the things you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream.Discover.” – Mark Twain

The post “Tis the Season” to Realize Your Dream Home and It Will Be Built in a Factory appeared first on ManufacturedHomes.com.

“A trend we have discussed numerous times is gaining not on momentum, but attention. If you have followed Mobile Home Millions at all, you certainly can understand how this surge in acceptance and appreciation (both financially and publicly) is noteworthy. These prefabricated houses simply are not what they once were and offer far more than other options to would-be homeowners who want to break the rent cycle. It is great to see how this method of real estate investing is finally getting the appreciation it deserves.”

“There are a few primary factors propelling the insistence with which these homes are increasing in popularity. One is the awareness being brought to the growing homeless population and the utter lack of affordable housing. The other is the material upgrades offered in manufactured homes, their locations, and the type of people making them their homes.”

For more information debunking manufactured home myths, click our ManufacturedHomes.com  prior report: “Manufactured Homes: Mischaracterizations And Misrepresentations Of America’s Only Quality Affordable Homeownership”

DO MANUFACTURED HOMES DEPRECIATE?

Chimene Van Gunday, best selling author and self-described mobile home millionaire, also has a video interview posting on her Mobile Home Millions’ website where-in she dispels the myths regarding manufactured home/mobile home depreciation. The following are brief highlights from that interview.

“Today’s video we’re going to talk about do mobile homes depreciate and why. This is actually a false belief. People think they are like cars, they depreciate, which is not true. It’s all about the functionality of the home and all about affordability. And since this is the last affordable housing in America, this is one of the reasons why mobile homes no longer depreciate. Right now we have 10,000 baby boomers a day turning 65 and older. And what’s interesting about this statistic is the fact that one in three right now are buying a mobile home or manufactured home in an amazing retirement community in places like California, Florida or Texas.” 

LOCATION, LOCATION, LOCATION MATTERS!

“A lot of time people will pay if they’re in metropolitan areas or even outside of metropolitan areas, but there’s still good access to services. People will actually pay a higher value than what is listed with the state or county because even at a higher value, manufactured homes and mobile homes are still the last affordable housing in America that we have. I hope this helps you break down any false beliefs that you have about mobile homes and manufactured homes depreciating because as I just told you, they do not.”
Want confirmation and proof that manufactured homes do appreciate or depreciate equally to traditional site-built homes?, click our prior posting  “New Report: Manufactured Homeownership Is A Strong Investment”

The post Investor Report: Expect Excessive Growth in Manufactured Homes Over the Next Five Years appeared first on ManufacturedHomes.com.