When it comes to the cost, manufactured homes are less expensive compared to prefab homes. In general, they do not require a lot of effort and time to set up. However, they are considered as personal property, like cars or TVs, and not as real property, such as apartments and houses. This has a significant effect when it comes to taxation, financing, and consumer rights and protection.
On the other hand, prefab homes are considered real property. This means that buyers will have similar tax treatment, financing options, and legal rights and protections as those that are buying traditional homes.
I like how you mentioned that the housing supply is having problems meeting the demand as the global population continues to rise. My cousin mentioned to me last night that he is thinking if he should consider buying a manufactured home for his family and asked if I have any idea what is the best option to do. Thanks to this informative article and I’ll be sure to tell him that it will be much better if he consults modular homes company first as they can answer all his inquiries and for him to be able to choose his ideal home.
Hi My colleague Mayer would get back to you