Do you prefer to rent to own manufactured homes? More than 22 million Americans live in manufactured homes, according to the National Housing Institute of the United States. Manufactured homes contribute 10 percent for new single-family home starts. It is because the average price per square foot for a manufactured home is $49. On the other hand, the average price for a site-built home is $107. So, affordability is the biggest benefit of manufactured homes. There are still other benefits of manufactured homes. Here they are.
As it is said before, affordability is the biggest, obvious benefit of manufactured homes. The average cost of manufactured homes is way more affordable than site-built homes. According to a report issued by the Millennial Housing Commission, manufactured homes are the biggest sources of non-subsidized housing in the United States. Now, manufactured housing is seen as a great solution to the increasing housing shortage. Besides the average cost, the mobile home insurance is also more affordable.
Manufactured homes make it possible for long-run options. Since a basic manufactured home can be highly affordable, families who own an appropriate site can add an additional manufactured module when their needs grow or change. Such a home can also function as a starter home for those who are planning to build a bigger, permanent structure in the future. Then, they can rent the original one or use it for another purpose on a family compound.
As an alternative, though it might be a logistic hassle, owners can move their manufactured homes to another site if they find the existing location uncomfortable or if it is on rented property.
Eco-Friendly and Energy Efficient
If you are an environmental activist or concerned about environmental issues, rent to own manufactured homes is suitable for you. It is because manufactured homes are eco-friendly and energy efficient. Nowadays, manufactured homes can be Energy Star certified. Moreover, the HUD code makes sure that manufactured housing achieves a high level of energy efficiency with upgraded insulation in the walls and under every home, energy-efficient windows, insulated skirting, energy-saving bathroom and kitchen appliances, and on-demand water heaters.
Therefore, it is not surprising that today’s manufactured homes are 27% more efficient and eco-friendly than before. Today, owning an eco-friendly, energy-saving house is always a great idea.
Those are the benefits of manufactured homes. Considering the benefits mentioned above, are you interested to rent to own manufactured homes?