IS A MANUFACTURED HOME RIGHT FOR YOU?
There are many reasons why people, especially young, married and retired persons, choose to live in manufactured homes. Price may be the most important factor, since these homes offer one of the lowest initial costs, as well as some of the lowest maintenance costs, among the various types of housing available. Depending on its size, a new manufactured home can be purchased for less than $10,000 to over $75,000.

Remember, however, that this price does not include a site for the home, which has to be rented, or purchased, separately. When permanently affixed to land owned by the homeowner, the home is subject to similar variables as any realty: location, general condition and area availability of housing. Depreciation of any home can be minimized by the careful selection of location and its proper maintenance.

The Federal Housing Administration (FHA), the Veterans Administration (VA), and the Farmer's Home Administration (FMHA) have insurance and loan guarantee programs for manufactured homes. All of these programs have reasonable down payment requirements and interest rates, and adequate loan ceilings.

A notable advantage with purchasing a manufactured home is that you have instant housing. All models come equipped with new appliances, carpet, and draperies. Many can be bought with furniture.

Most manufactured homes are placed on individually owned property. At the same time, many cities and towns have zoning regulations limiting the placement of these homes. Before purchasing such a home, be sure to check the zoning regulations in the area where you wish to live.

For many people, the advantages of an attractive manufactured home far outweigh the disadvantages. If you are considering a manufactured home, avoid the pitfalls of ownership by shopping wisely, and carefully, for both home and homesite.

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