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Manufactured homes have come a long way since their inception. Many people think of manufactured homes and a picture of a mobile home is what comes to mind. However, this is not at all the case for modern homes. If you’re looking to become a homeowner, manufactured homes just might be a great option for you.
On average, manufactured homes sell for $48 per square foot– that’s less than half the $101 per square foot national average that traditionally-built homes sell for. Why? Because they also cost about half of what traditionally-constructed homes cost to build. Simply put, this means you get more house for less money.
A lot has changed in the way manufactured homes are constructed, utilized, and perceived.
For starters, there’s sometimes confusion about exactly what is meant by ‘manufactured home.’ Rule number one: Don’t call them ‘trailers’ or ‘mobile homes.’ Here’s what the current terms mean for this category of affordable housing styles, and why those outdated terms don’t really apply anymore.
Prefab or manufactured?
- Prefabricated Homes: This is the general term used to refer to any type of home that is constructed off-site (in a production plant or factory) and then transported to the building site. Prefabricated homes are usually insured under a standard Homeowners policy. Continue reading
When you hear the words “manufactured home,” a certain image pops into your mind. Unfortunately, for a lot of people, that image is an outdated one.
If you’re one of those people, you may have asked yourself this question: “Are manufactured homes built well?” You may think that manufactured homes are built poorly and from inferior materials, and that they are bound to fall apart before they’re done being paid for.
But in fact nothing could be farther from the truth. Consider this:
Manufactured housing is an affordable option for Americans to purchase their own homes. Manufactured homes can cost an average of $62,600, compared with $272,200 for a single-family site-built home [source: U.S. Census Bureau].Manufactured homes also cost 10 to 35 percent less per square foot to build than site-built homes [source: ManufacturedHousing.org].
The middle class loves manufactured homes. According to ManufacturedHousing.org, median annual income for those living in a manufactured home is $34,700. Twenty-four percent of all households, however, bring home $50,000 or more each year. In addition, the average household size is 2.7 people
Manufactured Homes are as Safe as Traditional Homes During a Storm
ARLINGTON, Va. (Updated Aug. 2017) — Manufactured homes are as safe as traditional homes during a storm, and in hurricane zones, the standards for manufactured homes are more stringent than regional and national building codes for site-built homes.The Manufactured Housing Institute (MHI), the national trade association for the factory-built housing industry, is working to clear up the negative stereotypes about manufactured homes and inform the public that since 1976 they have been built to rigorous federal standards.
“The standards for manufactured housing are subject to robust compliance and quality assurance regulations, sometimes more stringent than those for traditional site-built homes,” says Richard Jennison, President and CEO of MHI. “The building materials in today’s manufactured home are the same as those used in site-built homes. The homes are engineered for wind safety based on the geographic region in which they are sold.”