|
|
|
Frequently Asked Questions
If you have decided a manufactured home may be the home choice for you, but you want to know more about the purchase and move-in process, read on to find answers to the most frequently asked questions.
Is a manufactured home a good investment?
Generally, a home is a great investment. Appreciation of both manufactured housing and site-built housing is affected by the same factors: the stability of the community (subdivision, neighborhood), supply and demand in the local market, type of home and location. Today's manufactured homes can appreciate in the same way as site-built homes.
Can I customize a manufactured home to make it my own?
You bet! With all of the options available to the consumer, manufactured homes allow for great diversity in home design. Choose from spacious floor plans, vaulted ceilings, walk-in closets, fireplaces, name-brand appliances, customization packages, whirlpool tubs and upgrades. In addition, exterior designs are available that are compatible with almost any neighborhood.
How long will it take to get my home?
From as little as one week for an in-stock home being moved to a land-lease community, to a few months for a special order home being placed over a basement on private property. Generally, a special order takes about 30 days. Mortgage approval and site work may extend the timetable several weeks.
What's the difference between a multi-section and a single-section home?
A multi-section home is a manufactured home delivered to the home site in two or three sections. The average size of a multi-section home is 1,725 square feet and the average sales price is $68,600. Many have attached garages. A single-section home is a manufactured home delivered to the home site in one, intact section. The average size of a single-section home is 1,080 square feet and the average sales price is $33,800.
Do I have to finance my home through a retailer?
Your retailer can arrange financing. However, if you prefer, you may choose to finance your home through an outside lender such as a bank, credit union or mortgage company.
What warranty coverage is offered on the home, its transportation and installation?
All manufacturers offer a written warranty that should cover structural workmanship, factory-installed plumbing, heating and electrical systems, and factory-installed appliances, which also may be covered by separate appliance manufacturer warranties. However, there are important differences among warranties. For example, manufacturer warranties usually do not cover installation and transportation of the home, but you may be able to get this coverage through your retailer or contractor. Be sure to check coverage before you buy.
Do I arrange for site improvement/basement building if my home is going to be on a private lot?
A professional, licensed building contractor should arrange for site improvements and a basement or crawlspace. Your retailer may have a contractor on staff or can recommend a general contractor to meet your needs. At no time is it recommended that a non-licensed person be responsible for the site improvements or set-up of your home.
Where can I find more information about manufactured housing?
The Internet is a great place to start. The official site of the Michigan Manufactured Housing Association (MMHA), www.michhome.org is a comprehensive source for information on all aspects of the manufactured housing lifestyle. Or, call 800-551-1315 for a free information kit.
|
| |
Michigan Manufactured Housing Association
2222 Association Drive • Okemos, MI 48864-5978
Telephone: 517.349.3300
michhome@michhome.org
|
|