Buying Manufactured Homes: Important Tips to Know
There's a wide variety of manufactured home for sale ranging from the basic to luxurious. With so great a selection, it will not be difficult for you to find the home that suits to your needs and budget. Accompanied with well-researched information, you can potentially locate the home that comes with the quality you desire and at the price your pocket can afford. Read more great facts on manufactured home financing, click here.
Purchasing a manufactured home is not a complicated process. It's more or less similar to purchasing a stick-built home, only that you need to deal with a dealership company and not a broker or real estate agent.
But that does not altogether mean that buying a manufactured home is painless. As a matter of fact, there are some points that you need to carefully check and take into consideration before moving forward onto the process.
1. YOUR BUDGET
There are several preparations that go into purchasing a manufactured home and one of them is calculating how much you can afford to spend for this investment. Before you see a particular dealership company, consider calculating your home price. According to financial experts, it is safe to invest in a home that costs no more than 27% of your monthly income net of taxes and other deductions. Also consider that owning a home brings you additional expenses in the form of insurance, property taxes and maintenance.
There are various sizes, designs and styles for manufactured homes. With the great selection, there's likelihood for you to get bewildered. (Well, don't be.) Just have a clear idea on the features that you really need and want for your prospective home. Then, set them as a guide or requirement when trying to make picks among so many options. For instance, you can ask yourself the following questions. How many bedrooms do I need? Do I want a gourmet kitchen upgrade? Do I need a spacious backyard and front yard? By knowing exactly the features that you seek to find in a new home, you can avoid being subjective with your choices.
Negotiations can take place in buying a manufactured home just as it does with car dealerships. Do not worry about the dealer since they're getting a built-in profit from invoice prices. Consider what will be favorable to you and if they say yes, it means that the price is not just agreeable to you but also to them.