Currently, a series of myths and misconceptions about the structural integrity, construction quality, and safety of factory-built homes are still surrounding the prefabricated housing sector. However, prefab homes deliver one of the best housing options for a broad range of homeowners. That’s because, besides being considerably less expensive than site-built construction and providing a wide range of styles, modern factory-built housing options, including modular and manufactured homes, offer the same amount of protection and safety as traditional stick-built houses.
Manufactured Housing News
The housing market has changed dramatically over the past year. According to recent data, rental rates have risen substantially in some areas, while decreasing in other locations. Additionally, home prices have increased coast to coast, outstripping wage growth and rents. Thus, determining whether renting a home makes more financial sense than owning a manufactured home is a little bit more difficult than it once was. Because choosing to rent a home or buy a manufactured home is a major decision that can affect your financial situation as well as your lifestyle, we’ve gathered below a few factors you should consider in order to make an informed decision.
Unlike conventional site-built homes, which are constructed from building materials that are mixed and/or assembled on site, manufactured homes are built partially or completely in factories from different building materials and prefabricated components. Once completed, these homes are transported either in one piece or in multiple sections to their final sites for assembly and installation. Currently, all manufactured homes are built according to the latest HUD code, which ensures the quality and safety of their design and construction. When sited, manufactured homes can be placed on temporary or permanent foundations that must also meet the HUD standards.