Investing in a home is an investment in your future. If you’re looking for a place to call your own but are concerned about the costs, a manufactured home is a great option. These properties are versatile, as they can accommodate couples just starting out or growing families. They can be shipped to virtually any destination, meaning you have the freedom to choose where you live.
They’re also highly affordable, as illustrated by the average prices for manufactured homes in 2021. Here are a few facts to keep in mind when home shopping this year.
What Are Manufactured Homes?
Unlike traditional residential properties, manufactured homes are constructed in a factory under strict conditions. Once complete, the finished home is shipped to the property owner, where they are established on a plot of land. Manufactured homes have all the same features as traditional ones and can be composed of many different sections/rooms depending on the layout and your design preferences.
Are Traditional Homes More Expensive Than Manufactured Homes?
In the majority of cases traditional homes are more expensive, and it has a lot to do with the process for building manufactured models. Because manufactured homes are built indoors, there are no delays for bad weather. Manufacturers of these homes tend to purchase more affordable building supplies since they purchase them in bulk. They’re also constructed using a very efficient process, which cuts back on labor hours.
What Prices Can Homebuyers Expect in 2021?
Keep in mind the price is dependent on many factors, including the layout, add-ons, and how far away the delivery destination is. On average, the price for a single-wide is $57,700, while the price for a double-wide is $109,300. This is significantly lower than the average cost of a traditional home, which is currently $269,039 in New Mexico.
Where Can I Find a Quality Manufactured Home?
Home buyers in Albuquerque can turn to our team at Fiesta Homes when in seeking a valuable investment. We strive to make our pricing affordable and transparent, so you can rest assured there will be no hidden fees. You can also choose from a wide variety of floor plans to ensure your new property meets and exceeds your expectations.