A Realistic RE Deal and a great time to establish a new niche in the Real Estate and Lending Industry With Manufactured Homes.
The Oldest and Biggest Manufacturing Business in the World is Home Building. And it’s done in the open air, in the mud, wind, rain, snow, dust, dirt and ultra violet while almost every other manufacturing business is done in an indoor protected and controlled environment.
My advice to fellow Active Rain members? Spend a little bit of your blogging and social networking time hooking-up with and getting to know your local Manufactured Home Dealers and Contractor. You could be leaving $$$$$$ on the table and not even know it.
Manufactured Housing is here to stay. All signs show that the Manufactured Housing Industry is well on the road to becoming a leading player in the forthcoming housing rebound Nationwide. That’s right, those huge structures you see traveling down the freeways and highways could very well be Home Sweet Home for millions of Americans in the coming decades.
“Formerly referred to as “Trailers”, “Tin Cans”, “Match Boxes”, “Wobbly Boxes” and Mobilehomes, manufactured housing is now one of the nation's fastest growing housing segments thanks to the housing's affordability. Manufactured Housing Remains a Growing Force In Housing Market” states a report written by Broderick Perkins of Realty Times. He goes onto say, “As the new century nears, the manufactured housing industry is poised to cash in on the aging baby boom generation and their offspring who likely will increase demand for manufactured housing.”
“Newer, better-quality units are now attractive housing options for young first-time homebuyers or elderly households seeking retirement housing. Older, lower-quality manufactured homes represent an important source of basic low-cost shelter for millions of low-income families and individuals.”
“This diversity contributes to the contrasting images of manufactured housing and its role in the national housing market. Because the industry has the ability to serve many distinct market segments, it is likely that manufactured housing will continue to be an important component of the nation's future housing stock.”
Finally, it is now becoming more and more evident as field construction (site built or stick built homes) costs of material and labor have increased and quality craftsmanship standards have diminished (as is evidenced by the preponderance of defect litigation law suits during the past 20 years) that a controlled factory environment with hourly checks and balances rendered by outside independent, government certified and licensed in house inspectors has become a very successful approach to raising the bar for a quality product in the housing industry.
Get To Know Your Local Manufactured Home Dealer Network. Feel free to visit our website at www.onthelevelcontractors.com or email me at email@example.com and I will be happy to help you locate a Manufactured Home Dealer and/or Contractor near you. There is no charge for this service. We just want to help fellow Active Rain members in any way we can towards a speedy recovery in this unusually bleak and difficult market we’ve all been experiencing.
Finally, Financing a Manufactured Home has never been easier. With the help of FHA, HUD and the VA it is virtually painless to purchase and finance a Manufactured Home on private land for the same interest rate and terms as are available for conventional site built (stick built) homes.
For FNMA or FHA-insured loans:
For Reverse mortgage loans:
For VA or Cal-Vet Loans:
OTHER STRATEGIC PARTNERS
No longer should today’s “Manufactured Home” product be branded with the outdated stigma of “Trailers”, “Tin Cans”, “Match Boxes” or “Wobbly Boxes”
Things have changed a little from days of old when first generation trailers were placed in little trailer parks as shown in the photos above. The exterior was usually metal or aluminum at best with 2 to 3 inch wall thickness. Interior walls were generally clad in very thin wall paneling or even a photo finished veneer or cardboard material emulating a wood finish. These tiny little structures were often augmented with tiny little cabanas or California rooms in order to expand living area. But this was rare as most spaces were generally too small for anything but a carport or a small deck. As you can see it was quite difficult to build with any degree of esthetics in the mix.
By contrast it’s almost impossible to ascertain whether the photos above are a site (stick) built structure or something manufactured in sections in a factory albeit the latter is the case. Nothing beats the quality control and consistent precision of today’s jigged and rigged factory built housing components where every piece is built in a protected and controlled environment with inspectors on site at all times.