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What are the benefits on owning?
Just a few of the reasons to own...
Safe. In North Carolina, manufactured housing codes meet or exceed the wind standards for sitebuilt housing.
Durable. A University of Georgia study concluded that the average life expectancy of a modern manufactured home is equivalent to the life expectancy of a site-built home.
Widely Accepted. Approximately 33% of all new single-family homes built in North Carolina are manufactured homes. Once city and county laws and ordinances prohibiting manufactured housing are abolished, more people will be able to own their own home.
Easy Financing. Almost all major financial institutions have manufactured home loan programs. Also, manufactured homes qualify for federal home loan programs. Manufactured homes can be financed for 15 to 30 years with the same rates as site-built homes.
Appreciates. A study conducted by East Carolina University concluded that manufactured homes can and do appreciate just like comparable site-built homes.
Attractive. Today's manufactured housing is completely different from the single-wide models of the past. Today, manufactured homes are architecturally designed to fit the community in which they will be placed. Steeper roof pitches, larger overhangs and covered porches all contribute to a home that is indistinguishable from its site-built neighbors.
Affordable. Manufactured homes sell, on average, for 25% less than a comparable site-built home. In some cases, that savings is greater than 25%.
An Alternative. A lack of affordable housing has created a crisis in some areas of North Carolina. Manufactured housing offers an alternative to paying rent, government subsidized housing and urban sprawl.