Millennials are living very different lives compared to their parents or grandparents. They’re getting married later, changing jobs more frequently, and waiting longer to have children. They're also purchasing homes later in life. Because of these differences, millennials are looking at manufactured and mobile homes as a housing option that is better suited to their lifestyle. We've found that mobile homes in Texas are a great option for modern home buyers.
So...What makes a manufactured home a better fit for most millennials? Keep reading to find out.
Mobile Homes Are More Affordable
The cost of housing has skyrocketed over the last several decades, while income has increased at a much slower rate. This has made a traditional, site-built house simply unaffordable for many millennials. Additionally, most millennials are graduating with significant student debt, when older generations were often able to graduate without debt. These two factors are the primary reasons why most millennials are not buying traditional homes.
Manufactured homes, however, are much more affordable. While site-built homes cost an average of $362,700, a manufactured home is less than $100,000. With this price difference, it's no wonder that many home-buyers are considering these homes.
Mobile Home Quality Has Significantly Improved
There’s a bit of a prejudice against manufactured homes, and many people assume that they’re low-quality housing. Recently, the standards for manufactured homes have improved. Now, most manufactured homes have the same build quality as traditional homes, and they're equally as aesthetically pleasing.
Buyers can choose from different floor-plans and even customize the floorpans to fit their needs. Buyers can also choose many of the materials used to build their home, including luxurious materials and features such as granite countertops, vaulted ceilings, wood floors, and fireplaces.
Mobile Homes Are Strong
Another misconception about manufactured and mobile homes is that manufacturers don't build them to last—something that goes hand in hand with the misconception that they can't handle adverse weather. However, manufactured homes can be (and frequently are) attached to permanent foundations, which makes them just as durable as a traditional house.
The Value Goes Up
One of the most important parts of owning a home is the ability to build equity—and a manufactured home does that very well. When home values in your area go up, this impacts both site-built homes and manufactured homes. And, if you own the property your manufactured home sits on, you may be able to build up that equity even faster.
They’re More Energy Efficient and Eco-Friendly
Millennials tend to be much more environmentally aware than past generations, and mobile homes are a more environmentally friendly housing option. Manufactured homes create less construction waste, use less energy, and better use resources. This means that your home’s carbon footprint is much smaller if it’s a manufactured house. Additionally, they’re very energy efficient. This is not only better for the environment but also lowers utility bills—an extremely important feature for millennials who are always looking for ways to save money.
If you’re looking for mobile homes for sale in Texas or Oklahoma, be sure to check out our available listings online. And feel free to contact Hench's Country Liv'n Homes to answer any questions you have.