Building a new home from scratch can be confusing for anyone. Especially since manufactured home construction is still a relatively new and modern way to build homes. Here are a few myths that we’ve debunked to help clear up some of the confusion when it comes to buying and building a manufactured home.
MYTH: Manufactured buildings are harder to finance
FACT: Manufactured buildings are treated the same as traditional stick-built buildings for financing. Mobile homes (which are not manufactured homes) are harder to obtain financing due to their depreciation value. Manufactured buildings actually can be better than traditional homes to finance since they decrease the amount of construction time.
MYTH: Manufactured buildings will depreciate in value
FACT: Manufactured homes appreciate and gain value the same way traditional buildings do. Once a manufactured building is fully assembled, it is almost impossible to visibly tell a difference between it and a stick built. As long as you maintain your home and continue to make improvements it’s value should stay around the same.
MYTH: Manufactured buildings all look identical
FACT: Manufactured homes and offices can all be customized to look exactly how you want them. There are hundreds of different designs to choose from. Manufactured buildings make it very easy to have a custom looking home at an affordable price.
MYTH: Manufactured buildings are unproven and don’t last
FACT: Manufactured buildings became popular in the 1950s and the industry hasn’t slowed down since then. Many homes that were constructed in the 1950s are still around and have greatly increased in value sometimes even more so than traditionally built homes.
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