Tuesday, 17 July 2018

Things You Need To Keep in Mind While Buying A Prefabricated Home

Prefab homes are lovely to live in but what it things go wrong? What if you get the unexpected? 
As a buyer, there are several things you need to consider while purchasing a prefab home. Prefab homes are different in many regards. 

Here's a checklist which will help you while you buy yourself a lovely prefab home:

Do enough research: Research with regard to the land you purchase and the builder are very important. Make sure you find out about whether your land allows manufactured construction or not. There are several residential neighborhoods which ban construction of prefabricated homes based on several factors like deed restrictions and other land laws. Before you own your desired land, make sure you're allowed to set up your own prefabricated home there. With regard to the contractor, make sure he's not someone who is not that great to work with. Remember, building yourself a prefab home is one of the most fun experience ever! What's the point of working with someone who's not at all interactive or open to your suggestions?

Be careful of land home package deals: These deals are offered by manufacturers of modular homes. It includes several things like building the home, inspection and so on. It might seem like an awes trucking deal however, it ain't. There can be heavy prices (literally) you might have to pay for like high interest rates, maintenance fees and so on. Not just that, you might find several prefab homes around your home which shall lead to a drop on your resale value. This is like everyone having a cherry on their cakes which doesn't set you apart from the rest!

Solid foundation- A must: Manufacturers will always encourage you to purchase the land which is convenient for them to sell. However, having a solid foundation is not always a part of the deal, it's a plus point! If you build your own prefab home, the foundation is all yours. Here comes a question- why is the foundation so important anyway? Here's the thing, the mortgage lenders will not finance the prefab home if the foundation ain't permanent. 

Keep track of the real estate scenario: In recent times, the resale value of prefabricated homes are increasing in value- especially if the location is in the desired areas. It's always a wise idea to keep track of where the real estate goes before purchasing your land. It's the land that matters at the end of the day. A prefab home is a plus point!

Prefab homes are highly preferred now because of several reasons like them being extremely eco- friendly, cost effective and even a great house to live in once you retire! It's the perfect retirement plan home. Reason being, they're so cozy and lovely to live in with a touch of you in it. You can add on your own swimming pool, garden, anything! Prefabricated wooden homes are loved by all because of it's uniqueness- nobody can take it away from them. Yes, they can be risky a purchase. However, you as a buyer need to be extremely smart with regard to the location and the contractor you choose. Not just that, you need to see how well you plan it. It's not just about living in one, it's about feeling it while building it. 

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