What You Need to Know About Manufactured Home Buying

What You Need to Know About Manufactured Home Buying

What You Need to Know About Manufactured Home BuyingBuying a home is a rewarding experience. From traditional site-built homes to modern manufactured homes, there are plenty of options to choose from, and knowing which one suits your needs is the first step. While many believe that manufactured homes are a dated option, the truth is that they are just as secure and customizable as a traditional home. With that said, there are a few extra considerations to make when purchasing one. As we explore what you need to know, ensure your new residence is backed by a CT Manufactured Home Insurance policy.

Features and upgrades.

Do the research to find out what options are available, which floor plans you have to choose from, and what upgrades are offered. Research the manufacturers and homes in your price range before you begin the house hunt. Details such as roofing, plumbing, fixtures, and siding can make your home look modern, yet will increase the price tag. Therefore, it’s important to weigh your options first. Further, make sure you choose options that will increase the safety and functionality of your home, such as overhanging roof, proper drainage, and a solid foundation.

Avoid package deals.

Dealers will oftentimes try to act as multiple professionals at once. For example, the company might lure you with offers to act as your real estate broker, insurance agent, mortgage company, etc. However, it is the buyer’s best interest to shop for each of these services independently. Similarly, if you feel as though the salesperson is putting unnecessary pressure on you, consider taking a step back. Buying a home is a big step, and you want to make sure you do it the right way.

Avoid warranty traps.

Getting a warranty on your home sounds appealing, right? Well, this can actually be a trap. The builder, manufacturer, and installer are all liable for different components of a manufactured home, and a bundled warranty deal will not reflect each of their responsibilities. In addition, in these cases, selling the house or moving can void the warranty, as well.

Financing.

Mobile Home Living reminds you that these structures are typically financed as personal property rather than mortgage loans. Further, buying the land is more equitable than renting space, so keep that in mind when creating your budget.

About Byrnes Agency

At Byrnes Agency, we understand the deliberations required for buying and insuring a manufactured home. We offer comprehensive coverage at an affordable rate in order to protect your property and your assets. To learn more, contact our specialists at one of our three locations.

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Dayville Office

Phone: (860) 774-8549
394 Lake Rd
Dayville, CT 06241
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Norwich Office

Phone: (860) 886-5498
6 Consumers Avenue
Norwich, CT 06360
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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Woodstock Office

Phone: (860) 928-7928
1226 Connecticut 169
Woodstock, CT 06281
United States
info@byrnesagency.com
Hours of Operation: Monday- Friday 9:00am-5:00pm

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