Can A Teenager Purchase A Manufactured Home?

Can A Teenager Purchase A Manufactured Home?

Nothing can be more satisfying in life than owning a home.

The freedom it guarantees knows no bounds.

Getting to the point of purchasing a home, be it a regular or manufactured home, is not a walk in the park.

It takes spirited and constant effort to get there. This is especially true for teenagers.

(And that begs the question:) Can A Teenager Purchase A Manufactured Home?

Yes. There is nothing that can stop a determined teenager from purchasing a manufactured home. With proper management of finances, you can own a manufactured home and elevate your life to a whole different level.

In this article, we will not be telling you about how to save money to buy a home. That is a topic for another day.

Rather, we will narrow down our focus to everything you need to know to purchase a manufactured home. Join us! Let us unravel this together.

Is Purchasing A Manufactured Home Better Than Renting?

Purchasing a manufactured home is a preferred option by most house owners.

There are several reasons why this is so. Owning a house property is one of the best favor you can do for yourself as a teenager.

One of the major advantages is that you will not have to be bothered by landowners when rent dates are due.

Here are the reasons why it is better to purchase a manufactured one rather than renting one:

1. You Own The Space

Once you purchase a manufactured home, you become the custodian of that property as we mentioned previously. You will never have to tense whenever the property owners come to inquire about rents dues, as in the case of rented homes. The freedom that comes with owning a home is so satisfying.

2. You Can Customize The Home As You See Fit

Another coo advantage of purchasing a manufactured home is that you can customize it the way you want.

Even though rented homes can be customized, they are usually having a lot of limitations.

People have different tests and preferences.

You want to adjust a few fixtures to suit your needs.

All that is possible when you are the real owner of that home.

Customization can include renovations, replacements and adjustment of many fixtures to make the home more comfortable and impressive

3. It Boosts Your Status In The Society

Owning a manufactured home as a teenager is a great upgrade of your societal status.

It helps to build equity through property ownership. It is equally a huge achievement for you, yourself, and your family.

4. Less Expensive Compared To Buying Land

Because you are purchasing a new mobile home, it proves cheaper as compared to a case where you would be required to buy land.

Buying land and later putting up a home structure can be very expensive. A manufactured home is a real deal.

Where Can You Buy A Manufactured Home?

Just like cars manufactured homes are usually sold by dealers.

Most nations require such dealers to be licensed for them to operate.

This is important to ensure quality and regulate such homes’ production.

You should go for these licensed dealers if you want to acquire an ideal manufactured home.

Well, there are several places where you can buy a manufactured home. Below is the most trusted lead:

1. Independent dealers

Various manufactured home manufacturers have dealers, just like in car dealerships.

Independent manufactured home dealers are available in plenty. Scan them carefully to ascertain that you are falling for a fruitful deal.

2. Factory dealers

Factory dealers often work with one manufacturer for specialized manufactured homes. They can also be very legit home sellers.

3. Manufactured Home Communities

Businesses have realized the immense fruits of working as team communities and associations in the modern world.

The same applies with manufactured home sellers.

Many communities serve together as dealers in manufactured homes. They may be the right target for you to get the manufactured home of your dream.

4. Real Estate Listings

This applies if you are looking for a manufactured home that had been owned by someone else before.

Manufactured homes sold by these firms are often found on their websites.

It can be a ripe deal as well. Be keen enough on the stipulated specifications for certain buildings.

Make sure that the choice you are about to make is the one you will not regret.

Six Costs You Might Not Expect When Buying A Manufactured Home

In standard terms, the cost of a manufactured home is compounded in the actual price of the entire structure, materials, and labor.

However, depending on the seller from which you are purchasing the home, several costs may not be factored in. so brace for the following in your budget:

1. Land

You can decide to either lease it from the home community or buy it all together.

2. Site Work

There are many tasks to be executed on the manufactured home site.

Such site works include clearing of bushes and thickets around the home, leveling, soil analysis, well drilling, bulldozing, and septic tank.

All this work calls for additional funds that you should gather.

You will also be required to invest in solid foundation formation. So if your manufactured home will be located in private land, you should be financially armed to face all these sites’ works.

3. Air Conditioning

Obviously, an AC may become the only additional cost on the new models that you will bring in.

Manufactured Home Air Conditioners Guide: Cool Your Home With These 6 Shopping Tips

4. Delivery Set-Ups

Most manufactured distributors add delivery costs on top of the purchasing costs.

Make sure you check on this as well before striking the deal. It helps you to avoid financial frustrations later on when you think all is completed.

5. Exterior Conditioning

You must also be willing and ready to carry out exterior conditionings, which include the erection of stairs, skirting, porches, and desks.

Such conditionings are not often included in the base costs, and you will have to invest in them as well.

6. Taxes And Insurance

Like most homes, you will be mandated to pay an annual insurance cover costs on your manufactured home. Taxes also apply. A certain amount will be levied from your home property.

Three Things You Should Consider Before Buying a Manufactured Home

As a teenager, it is important to make sure that you are investing your money in something that is worth the price.

When buying a manufactured home, their several factors you must consider to make a solid choice. In this section of the article, we take a deep analysis of these important factors.

1. Location

You want to locate your manufactured home on the most comfortable site.

So choose the placement point first before making the final purchase decision.

You want a site where you can get access to amenities and special services such as parking. Look at all these key factors carefully.

2. The Costs Of The Manufactured Home

You cannot buy what you cannot afford. Can you afford it? You need to ask yourself this question to determine your financial capacity.

You can only purchase what you can afford at that particular moment.

Factoring in unexpected costs, it all means you must be financially stable to get them sorted out without any hitch.

By all means, make sure that you are operating within your budget. It helps to avoid frustrations.

3. The Quality Of The Manufactured Home

When we mention quality, it has to do with the building materials and the house’s ability to withstand extreme elements of weather.

It should offer the much-needed comfort in a home. Analyze the home from every perspective to make sure that you are signing a worthy deal at the end of the day.

Wrap Up

As a teenager, nothing can stop you from purchasing a manufactured home.

You can dare your limits and acquire a comfortable home with proper organization and planning. You can make yourself proud of your hard work. Getting this done is not easy.

And we hope this article has been timely in shading light on some facts you were dying to understand about manufactured homes. Good luck!

Related

Is Living In A Manufactured Home Trashy? (Of Course Not)

References

https://homeia.com/buy-house/key-things-to-know-before-buying-a-manufactured-home/

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