Millennials are living very different lives from those of their parents or grandparents. They’re getting married later in life, changing jobs more frequently, waiting to have children, and having fewer children as well. Plus, they’re less likely to purchase a home than older generations, or at the very least, waiting until they’re older. Instead, many millennials are looking for manufactured and mobile homes for sale as a housing option that is better suited to their lifestyle. What makes a manufactured home a better fit for most millennials? Keep reading to find out.
They’re 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 (without land) sells for an average of $73,000. With this price difference, it is little wonder that more and more people are considering this housing option. Even when purchasing land for the manufactured home, it is usually significantly cheaper than a comparable site-built home.
The Quality Has Significantly Improved
There’s a bit of a prejudice against manufactured homes, and many people assume that they’re low-quality housing made with slipshod techniques. But over recent years, the standards for manufactured homes have significantly increased. Now, most manufactured homes are built with the same strictly enforced standards as site-built houses, and they're just as aesthetically pleasing.
In fact, buyers can choose from different floorplans and even customize them to fit their needs. You can also choose many of the materials used to build your home and even select luxurious materials and amenities like granite countertops, vaulted ceilings, wood floors, and fireplaces.
Another misconception about manufactured houses is that they’re not built to last—something that goes hand in hand with the assumption that they’re poor quality and won’t hold up to any 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 just as well as a traditional home. When home values in your area go up, this impact 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 than you think.
They’re More Energy Efficient and Eco-Friendly
Millennials tend to be much more environmentally conscious than past generations, and manufactured homes are a much more environmentally friendly housing option than site-built ones. Manufactured homes create less construction waste, use less energy, and better utilize resources when they are built. 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 single wide mobile homes for sale in 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 may have.