Benefits of manufactured cottages include spending less on taxes, down payments and the home in general in comparison with a standard home; drawbacks include limited options for styles and additions and having a home that is less sturdy in storms and natural disasters. Manufactured homes come in various sizes, which can help homeowners plan a spending budget, states JandMHomes.com, a manufactured home supplier in Oregon. However, manufactured homes do not produce equity, which makes them less-than-ideal choices for first-time homebuyers.Continue Reading
Unlike traditional homes, modular homes are generally assembled in factories where weather and the elements do not interfere with the construction process. Therefore, construction usually takes much less time for manufactured homes, states RealEstate.com. Additionally, factories usually have in-house inspectors monitor homes throughout their construction process, which reduces the cost for the homeowner.
Another benefit of manufactured homes is that it is easier and cheaper to add additions to them than it is to change traditional homes. Manufactured homeowners enjoy a fast and easy process for adding to their homes; in addition to spending less on their home additions, manufactured homeowners may not even need a permit, depending on local laws.
Despite these advantages, manufactured homes have some physical and financial drawbacks. They do not earn equity, and often require extensive siting on a plot of land. People must find and purchase that land before setting up a manufactured home. Manufactured homes are physically less durable than traditional homes, which makes them vulnerable to damage in storms and heavy rains.Learn more about Real Estate