Reasons For Home Ownership
march 24, 2021
Without home ownership, the American Dream would not have been made possible. However, there are many people in the United States who remain unaware about the benefits of owning a home. As with any investment, it is important to evaluate the pros and cons while weighing your own financial capability before you make the decision. Below is why you should strongly consider home ownership:
In this day and age, it is becoming increasingly essential to do our part in saving the earth in the face of severe climate change. Manufactured homes can provide the option of using much less resources, unlike the building of traditional homes. This will allow for substantially lesser waste production from construction and a more efficient utilization of these resources. Furthermore, manufactured homes can be easily supplemented with smart and environmentally friendly features such as low-emissivity windows, cool roofs, and even programmable thermostats. Many of these homes are Energy Star certified, which further shows potential energy savings.
The fact is that manufactured homes see the same kind of value appreciation as traditional housing. Manufactured homes that are built today are expertly constructed and have an attractive curb appeal. As such, you will see an increase in their market values together with other homes in the same vicinity. Since real estate prices are always cyclical, staying in a manufactured home for a long enough period will increase the chances of selling the property for a hefty profit because of future appreciation. Establishing building equity is an extremely crucial aspect of home ownership and owning a competitively priced manufactured home will allow you to increase your wealth with patience and time.
Despite some serious misconceptions about manufactured homes, it cannot be denied that they are as durable as other conventional homes. They are typically constructed with materials that are approved by The Department of Housing and Urban Development (HUD) which are aligned with local building codes. Furthermore, manufactured homes are built upon strong foundations that adhere to stringent installation standards. When these homes are being installed, the various sections of the home are meticulously aligned and pieced together to survive inclement weather and various environmental stressors, allowing them to stand the test of time.
Essentially, manufactured homes are typically more affordable than traditional homes. The reason why manufactured homes are cheaper is that they cost a lot less to build. This is because they are constructed in controlled factory environments that make it easy for the manufacturers to adjust the building variables, giving them much more control over the whole building process. As such, they can avoid undesirable events like weather delays and other constraints. This unlocks great economies of scale that can be transferred as value to the customers. However, rest assured that even though manufactured homes are cheaper price, they are still comparable in quality. They are made with the finest materials which allow for all kinds of customization.