Manufactured Homes – They Aren’t Just For Trailer Parks Anymore

Manufactured Homes – They Aren’t Just For Trailer Parks Anymore”

Modular homes -They aren't Just for Trailer Parks Anymore

When I lived in upstate NY, most of the people we knew lived in single or double wide trailers.  Sometimes after a really bad storm, I’d drive along the main road and see garbage strewn all over some farmer’s field.  In reality, this “garbage” was the personal contents of someone’s trailer after it blew apart in the wind.   Double wides were considered a step up because they were anchored to a slab or sat on top of a basement like their stick built counterparts.

Today, modular homes have come a long way, baby.  In fact, many expensive homes are pre fabricated in climate controlled factories and then shipped to their building site in as little as 2 to as many as 20 separate pieces.

I looked into manufactured homes years ago and although there were several models, you couldn’t make changes to the floor plans.  Today’s modular home buyer doesn’t have to pick their home from a catalogue.  Instead, they work with a design team who can customize the home to suit their needs and show them, in 3D, how it will look when it all comes together.  Houses can also be created from someone else’s plans, something you couldn’t do back in the day.

While stick built home costs range from $100 – $150 or more per square foot, manufactured homes cost from $75 to $80 per square foot, or depending on the client’s desired upgrades, top out at $100 per square foot. Why? Because modular home manufacturers capitalize on their ability to buy in bulk.

What do you need to get started?  You’ll need a suitable building lot.  Whether stick built or modular, you will need to apply for a new construction loan with higher interest rates and a term of just 6 to 12 months.  Since many banks don’t understand manufactured housing, it’s harder, but not impossible to find financing.  The good news is that once construction is completed, you can refinance into a conventional loan at a better rate for a 15 or 30 year term.

With so many of today’s homebuyers looking for new construction, I think you will see more and more homes being shipped in on trucks to construction sites near you.

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About Ruth Zeiss

As a Realtor servicing the state of Connecticut, I believe everyone deserves a boutique level of client care, regardless of the size of the moat around their castle. I believe that homeownership is the gateway to prosperity. Why build someone else’s equity when you can build your own wealth? If you’re a buyer, my goal is to find you a home you can not only afford to buy, but a home you can afford to keep. Are you selling your house? I will work with you to market and sell your property. Your ideas are always welcome because no on knows their house as well as you do. If you are a renter, you know how competitive the rental market is. I will help you find the best quality rental in your budget Is your credit scratched and dented? I will help you market yourself to the landlord so you can overcome those blemishes on your credit report & get the rental. Buying, selling, or leasing, I will protect your interests every step of the way from the initial negotiations, to inspections, appraisals, and finally the closing table. I care for my clients as if you are my own children. It’s not just my job, it’s the way I’ve always done business. Ruth Zeiss CT Real Estate License RES.0789147
This entry was posted in manufactured housing, modular homes, new construction, prefabricated homes, Real Estate and tagged , , , . Bookmark the permalink.

5 Responses to Manufactured Homes – They Aren’t Just For Trailer Parks Anymore

  1. oscareo.com says:

    Excellent post. I used to be checking constantly this blog and I am impressed!

    Extremely helpful information specifically the closing section :
    ) I handle such info much. I was looking for this certain info for a very lengthy time.
    Thanks and good luck.

    • Ruth Zeiss says:

      Thank you for all your kind words. Another agent in my office and I are rying to pair up with a manufactured housing builder to develop a troubled subdivision that has stalled. We feel in a city like Waterbury where the mill rate is high and property values low, this could be a cost effective alternative to stick built.
      Thanks again!

  2. John says:

    The new modular homes are amazing. As you pointed out there are some builders that are exclusively high end in their construction. Many times you wouldn’t suspect they are modular homes when you look at the finished product.

  3. The above blog is really informative as well as useful for the readers.We also design this kind of homes. No matter what type of Modular Homes you are looking for, we can make that at the most affordable price possible.

    • Ruth Zeiss says:

      Hi Monika,
      Thanks for commenting on my blog. I think that in certain depressed housing markets, manufactured housing might be the only affordable solution to building a new home. Can you please send me some information? I have a client who plans to build a 2 family on a piece of property he has under contract and this might be useful information. I have heard horror stories about parts of the house not fitting together, and one does wonder what the buyer’s recourse is, but stick builders also make mistakes. What is your company’s policy if there is a problem? You can respond to my email address: ruthzeiss@prudentialct.com. Regards!

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