One of the most important things you should know about buying a modular or a manufactured home is that you may qualify for a series of tax benefits. Although many rules have changed over the years, modular and manufactured homeowners are still eligible for a series of tax breaks that could help them reduce the amount of taxes they need to pay each year. Below, you can find some important details you should be aware of before buying a modular or manufactured home.
Manufactured Housing News
If you’re planning on buying a manufactured home soon, factoring in additional expenses, such as property taxes and homeowners insurance, will help you determine your monthly home loan payments more accurately. Just to be on the safe side, make sure that you also set aside some money for utility hookups and maintenance or unexpected repairs, which are bound to pop up sooner or later. In order to decide whether or not buying a manufactured home is a wise financial move, let’s find out what property taxes and utility hookup costs you might need to cover once you become the proud owner of a manufactured home.
Manufactured homes are generally considered more environmentally friendly than conventional site-built homes. That’s mainly because the manufacturing process of factory-built homes is more efficient than that of traditional builds. However, there are a few more not-so-obvious reasons why manufactured homes have a smaller carbon footprint than similar homes built traditionally. In this post, we’ll analyze the most important factors that make manufactured housing a greener alternative to its conventional counterpart.