The Advantages of Buying a Manufactured Home: Exploring the Actual Cost
The dream of homeownership is one that many of us aspire to achieve. However, this dream can often feel out of reach with skyrocketing real estate...
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2 min read
Christine Bachman
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Jun 21, 2024 3:06:15 PM
There is simply no substitute for owning your own home. Manufactured homes put the American Dream within reach for millions of families, providing an attainable, high-quality, and community-focused living experience. Roots Management Group is making this dream a reality with our Summer Blast Sales Event in the Phoenix, Arizona Metro area until 7/31/24.
Attainable and Affordable
Manufactured homes are often much less expensive than renting an apartment or purchasing a site-built home. The median household income of someone who lives in a manufactured home is around $35,000 – while the median household income of a site-built homeowner is around $76,000. This makes manufactured homes a practical and financially accessible option for many.
Roots Management Group highlights this affordability with brand new homes for sale starting at $29,999 for a one-bedroom or $49,900 for a two-bedroom home, significantly lower than traditional site-built homes. This provides families and retirees with more homeownership options than ever before.
Why are Manufactured Homes safe and a great investment?
Unlike site-built homes, which are subject to differing state and local regulations, manufactured homes are built to a uniform federal preemptive code, the HUD Code. This code provides a single regulatory framework for the design and construction of manufactured homes, ensuring health, safety, energy efficiency, and durability standards. Manufacturers can ship homes across state lines and achieve economies of scale, delivering high-quality, affordable homes to millions.
A Solid Investment
According to the Manufactured Housing Institute (MHI), Manufactured homes have been shown to provide the same appreciation and wealth-building attributes as site-built homes but at a much more affordable price. Studies show that the median value of manufactured homes appreciated similarly to site-built homes over five years from 2016 to 2021. This makes them a solid investment for long-term financial growth.
MHI also notes that residents in manufactured homes are very happy, mainly due to manufactured homes' affordability, quality, and sense of community. According to recent data, 85% of new manufactured homebuyers are satisfied or very satisfied with their homes, and 72% would recommend living in a manufactured home to others. Residents value manufactured homes' affordability, quality, and sense of community.
Quality and Safety
Modern manufactured homes are built to stringent federal standards set by the U.S. Department of Housing and Urban Development (HUD), ensuring high quality and safety. These standards cover design, construction, strength, durability, transportability, fire resistance, and energy efficiency. Advances in construction technology mean that today’s manufactured homes often feature high-quality materials and finishes that rival traditional stick-built homes.
Energy Efficiency
Due to these improvements and innovations, the U.S. Department of Energy notes that modern manufactured homes can be more energy-efficient than older, site-built homes Many manufactured homes are designed with energy efficiency in mind. They Designed with energy efficiency in mind, many manufactured homes come equipped with energy-efficient appliances, windows, and insulation, significantly reducing utility bills. The U.S. Department of Energy notes that modern manufactured homes can be more energy-efficient than older, site-built homes due to these improvements and innovations.
Family-Friendly Amenities
Roots Management Group’s family properties are designed with kids in mind, offering a range of amenities such as playgrounds, swimming pools, sports courts, and community centers where children can play, learn, and grow in a safe environment. Organized community events and activities foster a sense of belonging and provide opportunities for families to bond and make lifelong friends.
Retiree Attractions
For those 55+ communities, Roots Management Group offers amenities that cater to an active, leisurely lifestyle. Golf courses, shuffleboard courts, and proximity to scenic lakes provide endless recreational opportunities.
Summer Blast Home Sale
Roots Management Group’s Summer Blast event is happening until the end of July (7/31) “We have brand new homes being offered across 17 properties in metro Phoenix, Arizona area which are great for families or those seeking 55+ aged, restricted communities.” Says Susan Kreun, Senior Vice President of the West Region. “This is a great opportunity to get a brand-new home at a very affordable price in a community you will be proud to call home.” adds Kreun.
See a complete list of properties participating in the Summer Blast Sales Event.
Discover the benefits of manufactured housing and the exceptional living experience at Roots Management Group communities.
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