Manufactured homes offer two things buyers find very appealing: the ability to customize and a cost-per-square-foot that is much lower than other new construction.
Ordering a prefabricated home may seem leading-edge, but manufactured homes already make up 10% of new construction in the U.S. Buyers place orders at local retailers where they can tour model houses (often from several manufacturers), look at floor plans, and pick out cabinets, trim, flooring, and other options. And, if a homeowner wants to remove a wall from the floor plan, have nine-foot ceilings, or turn their bath into a spa, they can.
"Consumers want homes truly customized to their lifestyle and taste, and builders have responded with new flexibility in design," Joan Brown of the Northwest Housing Association said.
More house for the money
Along with custom features, house buyers also want value. Factory construction means home builders don't have to wait on weather delays, overbooked subcontractors, and lost materials. Streamlined manufacturing delivers significant savings, reducing the cost of constructing manufactured homes to $50 to $75 per square foot, or half the cost of site-built homes. This cost excludes land and site prep costs, which vary by location.
"Money that might be lost to delays and waste can go to home upgrades or stay in the buyer's pocket," Brown added, noting that factory construction also offers reliable project management, inspections, and timely delivery.
Adding long-term value
Brown suggests that homebuyers add custom features that increase their home's value in the long run. After all, for most people, their home is their most significant investment.
"Adding a garage or upgrading your energy package will make your home more enjoyable, add resale value, and save money over time," Brown said.
Comparison shopping helps buyers make smart choices. Different manufacturers and sales centers offer various home features and services. Buyers should plan on visiting several manufactured home retailers and asking about standard and custom features before making a decision.
If you're in the market for your next home, visit Northwest Housing Association to start searching and to learn how to maximize your investment.
