Manufactured housing has a lot of potential, particularly in the context of affordable housing solutions.
There are several advantages associated with them:
1. Affordability: The most significant benefit of manufactured housing is their affordability. They typically cost less per square foot compared to traditional stick-built homes, making them an attractive option for home buyers on a budget.
2. Quality Control: Since they are built in a controlled environment, it can potentially reduce the likelihood of construction delays due to weather conditions. Plus, materials stored indoors are less likely to get wet and damaged.
3. Customization: Manufacturers often offer various design and style options, which means buyers can customize their homes to fit their tastes.
4. Energy Efficiency: Many manufactured homes now come with energy-efficient features. Some are even built to Energy Star standards.
However, there are also a few drawbacks:
1. Depreciation: Unlike traditional homes, manufactured homes don't tend to appreciate in value over time.
2. Financing: It can be more difficult to secure financing for a manufactured home compared to a traditional home.
3. Land Ownership: In some cases, you may own your manufactured home but not the land it resides on, which may result in additional monthly costs.
4. Perception: There can still be a stigma attached to manufactured housing that can influence resale value and acceptance in certain communities.
In terms of marketing manufactured homes, highlighting the benefits of affordability, customization, and lifestyle flexibility is key. A well-maintained manufactured home in a desirable location can still be a worthwhile investment.
Overall, manufactured homes can be a good option, particularly for those entering the housing market, downsizing, or looking for affordable alternatives.
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Aurora is embracing innovative solutions to help address affordable housing. On Feb. 12 the City Council voted unanimously to support the development of modular housing in Aurora via a resolution sponsored by Council Member Francoise Bergan. They call on state leaders to act, too. Learn about modular housing and why it is more affordable to consumers and developers in this AuroraTV story.
Director of Sales for Cedarhurst of Moline
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