Buying a manufactured home with realtor Tom Gilliam at Homes 2 move you and the land it sits on can be a great investment. It offers affordability and flexibility. Buying a manufactured home and land can feel overwhelming. There’s a lot to consider! But don’t worry, we’ll guide you through the entire process, step-by-step. Let’s break it down together and make your dream of homeownership a reality.
What Is a Manufactured Home?
A manufactured home is like a house built in a factory. Furthermore, it is different from a regular house because it’s made in a special building where everything is controlled. Therefore, this means it can be built faster. Plus, it often costs less. Don’t worry, these homes are safe and strong because they follow special rules to make sure they’re built right.
Benefits of Owning a Manufactured Home
- They’re often cheaper than regular houses.
- You can pick how you want it to look inside and out.
- They use less energy, so you’ll save on your electric and heating bills.
- You can put your home in a special community, rent a spot, or put it on your own land.
Financing Options for Manufactured Homes and Land
Getting a loan for a manufactured home and land is a bit different than buying a regular house. There are special loans for manufactured homes. Furthermore, you can look into FHA loans. Similarly, this often needs a smaller down payment and is easier to get.
If you’re a veteran, VA loans can be a good option. Therefore, there are also chattel loans just for the home itself, but these usually have higher interest rates. And in some cases, you might qualify for a regular mortgage if the home is set up like a traditional house.
How to Buy a Manufactured Home and Land?
- Know how much you can spend on the home, land, and other costs like getting it set up.
- Get pre-approved for a loan. This will help you figure out how much you can really spend.
- Look at different home styles and find one you love. Visit showrooms if you can to see them in person.
- Look for a piece of land that you like and can afford. You might need help from a real estate agent.
- Sign the papers to buy the home and land. Make sure everything is checked and legal.
- Get your new home to your land and set it up. Make sure it follows all the local rules.
Maintaining Your Manufactured Home and Land
After installation, ongoing maintenance is essential:
- Regular Inspections
- Maintenance
- Landscaping
Ready to Make Your Dream a Reality?
Contact realtor Tom Gilliam at Homes 2 Move You today! We’ll answer your questions, address your concerns, and empower you to confidently navigate the exciting journey of manufactured home ownership in Oakland County.
Call us at 248-790-5594 or email us at [email protected]. Let’s get started!