How mobile home investing leads to millions.
Here is some information that might very well surprise you. The cost of a manufactured home is on average less than HALF the cost of what a site-built home cost to build. It’s definitely not because you’ve sacrificed quality. In fact, that is a misguided concept that some less-than- scrupulous site-built contractors would love to lead you to believe. The manufactured sector of the housing market has found natural ways to keep costs down by streamlining the process of building and making it far more efficient. Thereby, they have reduced some of the costs long expected to be buried into the cost of building a site-built home by construction contractors.
Think about it for a moment. Gone are the days where the contractor must plan recourse for issues that arise later due to the length of time and uncontrollable variable conditions on a site-built home. Pre-manufactured home builders don’t have to figure in the fallout plan for angry homeowners yelling or threatening to sue them after material was soaked by rain. An uncontrollable issue like a rainy season build can wreak havoc on organic product that should never be made wet prior to being sandwiched within the dark confines of a house where mold can grow and spread.
In truth, the manufacturing of a home in one controlled environment has so much more research involved in the materials and the process. There is also very little variable surrounding the process. You are arguably getting a much higher quality home than one that is site built with a bevy of contractors putting their hands in. Those contractors often have virtually no involvement in the entire build and only are concerned with the functionality of their singular aspect of the home, whether it is electrical, plumbing, insulation, etc.
These manufactured/mobile homes have proven to be an answer to the affordable housing crisis, and we are seeing that they also provide a great deal of jobs within the U.S. Almost 100,000 homes were produced in 2018 and the manufacturing of them provided 40,000 jobs. There are 123 manufacturing plants and 35 U.S. corporations running them. The manufacturing sector of the manufactured housing market has contributed nearly 3 billion to the GDP each year.
What this means is that the economy can thank manufactured housing and look to it to provide help in answering, not only mounting concerns around affordable housing, but also housing without corners cut due to limited cost and health hazards that go hand-in-hand with site builds when budgets are in place. Best of all, manufactured houses are made in America.
Learn more about Mobile Home Millions.