Informative Article On New York Times Real Estate
New York Times Real Estate Article
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Manufactured Real Estate Numbers are Anything But Fabricated
from:The number of technological advances over the years has allowed manufactured housing to become reliable and sought after pieces of real estate. In the last decade, numbers for the manufactured real estate industry have managed to double and even triple in some areas. There are those who mistakenly think of manufactured housing as simple trailers that cost little to build. In all reality, the latest in manufactured homes have the strictest of codes and often come with three to five year extensive warranties. Their versatility and efficiency are only a couple of the many aspects have allowed the manufactured real estate industry to grow by leaps and bounds.
For those out of the know, there can be many misgivings about the manufactured real estate industry. While the early versions of manufactured housing came off as cheaply put together units with shoddy and inferior craftsmanship, the newer versions of manufactured housing are anything but. Strict regulations and requirements have made manufactured homes every bit as trustworthy as onsite homes. One of the greatest hallmarks of homeownership is being able to create the dwelling one has always dreamed of. With manufactured housing, prospective owners are utterly pleased to find that they too can design their home to meet their needs and desires.
One of the many reasons the manufactured real estate industry has seen a recent resurgence in popularity is due to the fact that the average citizen, while keenly interested in the option of homeownership, is not necessarily interested in being saddled with outrageous monthly mortgage payments. Manufactured homes provide the perfect option. With these homes being just as sturdy and reliable as onsite dwellings, they have often proven to be the much more cost effective in alternative. A common myth is that the resale value of these homes can be unsteady but this has been established as untrue in the cases of homes built on cement or slab foundations.
As the manufactured real estate industry continues to grow by leaps and bounds, it is estimated that there are already more than 20 million of these homes in the United States alone. Their quality and affordability has allowed many who feared they would never have a chance at homeownership to realize their dream. While there are communities specifically developed for manufactured homes, it is not unheard of for owners to choose to set up their home on a piece of scenic property. With so many options for prospective owners, it is no wonder that the manufactured real estate industry has seen the consistent rise in numbers lately.
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