Manufactured and modular homes define two prefabricated housing alternatives that are built in factories and assembled on site. Although these types of homes share some common characteristics, a few significant differences can persuade a homebuyer to choose one option over the other.
Manufactured Housing News
If you’re thinking of selling your current manufactured home, tackling different home repairs or upgrades without professional involvement could be a great way to save some money while making your property more appealing to potential buyers. On the downside, a series of DIY mistakes could prevent you from obtaining the results you expect. Because the consequences of specific renovation fails can have serious financial implications, here are some common mistakes you should avoid when prepping your manufactured home for sale.
Currently, manufactured homes are considered a viable alternative to the affordable housing crisis. However, the number of traditional site-built homes sold in the first 5 months of 2021 significantly exceeded the number of manufactured homes sold during the same period of time. The most important reason for this arises from the fact that manufactured homes represent only a small piece of the housing market. Furthermore, even though this market sector continues to demonstrate signs of strength and is expected to boom over the next few years, modern factory-built housing is relatively new to consumers and investors.