Let’s take a look at the benefits of buying a manufactured home.
Investing in real estate often prompts the question: Can you buy a trailer for a real estate investment? What if you could purchase a home for 30% to 70% less than the average cost of a comparable-sized home in the area? The catch, you ask? Well, these properties are manufactured homes, and the potential benefits for investors are noteworthy.
One of the significant advantages lies in the comparable rental rates between traditional stick-built homes and manufactured homes in similar conditions. Investors can acquire a manufactured home for a fraction of the median price in the area, especially if the home was built before 1976. Post-1976, the introduction of higher quality standards by HUD paved the way for most manufactured homes to qualify for traditional financing, making them a viable investment option.
The aesthetics of a well-maintained manufactured home legally attached to the land may surprise you. From the outside, it’s indistinguishable from a traditional stick-built home, offering an excellent opportunity for investors to maximize returns with reduced expenses.
“Investors can acquire a manufactured home for a fraction of the median price in the area.”
One compelling factor is the potential for better cash flow with manufactured homes. These properties often yield more income while requiring fewer expenses compared to their traditional counterparts. The question arises: Does this investment not only provide financial benefits but also contribute to greater peace of mind and lower stress levels? The answer might be a resounding yes.
One key difference between investing in manufactured homes versus stick-built homes is the separation of the meter from the home in manufactured homes, with the main panel located either inside or outside, technically considered a sub-panel. Additionally, manufactured homes lack attic access, housing all ductwork and plumbing underneath, a departure from the typical stick-built home where components are stored in the attic.
For those intrigued by the potential of real estate investments in manufactured homes, we invite you to reach out and explore the differences that make these properties a unique and lucrative option.
