Things that You Need to Know Before Purchasing a Manufactured Home
The first thing that you should consider is new or used manufactured homes. You find that we have both new and used manufactured homes. Where you will have to know the one that you need before you start your search. One good thing with new manufactured homes is that they are good if you need customization which may include the number of rooms among others. While when you buy used manufactured homes you will be in a position to save a lot of cash. When you choose used you should make sure to have a thorough inspection completed before you buy it.
Besides, you should check the financing. It is essential to note that FHA and VA are the available financing options for manufactured homes but the type of loan will depend with whether your home is attached to the land or not. Like chattel loans are used for the home that do not have a permanent foundation. You find that in this case they are placed on rental properties, privately owned land or land that buyers have already purchased. On the other hand, traditional mortgage loans are used in homes that have a permanent foundation.
Also, consider the land requirements. For that matter, you can decide to put your home on a land that you already own, the land that you are planning to rent or you can go with the community. It is essential to check the local zoning laws to confirm that manufactured home is allowed there. Besides, renting land will require you to pay a cheaper down payment. Whereas living in the community is always beneficial but you will have to lease the land.
In addition, you will also have to think of the designs. In this case, you will have to go with the design with customization that meets the requirements of your family members. Even though most used manufactured homes will not allow several customizations but you will have the opportunity to choose one with features that you need.
Apart from that, you should concentrate on warranties. You find that warranties only apply when you are purchasing a new manufactured home. Warranty always covers for retail and manufacturers issues and the appliance problems. It is essential to note that you need to follow the homeowner’s manual for you to benefit from warranty.