While there are some major differences between stick-built and manufactured homes when it comes to financing, they do have one very important thing in common. No matter what type of property you buy, you must carefully consider your budget to ensure you can maintain the investment over time.
Along with costs related to your mortgage and home insurance, there are numerous other fees to be aware of. Factoring these fees into your home budget safeguards you against future financial instability.
Repairs and Maintenance
Being a homeowner comes with lots of advantages, and quite a few responsibilities. For instance, seasonal maintenance keeps your investment in good shape, while repairs ensure you’re fully satisfied with the function of your home when issues arise. Fortunately for people who own manufactured homes, maintenance and repair costs are often more manageable because the property has been constructed with new materials.
Pest Control
Pests are a major headache for homeowners. Along with causing significant discomfort, severe infestation can damage your home, cause your family to become ill, or reduce the value of your property. Preventative pest control efforts are crucial, but you must also act fast in the event you discover an infestation after it occurs. In this case, you’ll need to work with a pest control specialist with the right training and tools. Some homeowners even opt for recurring services to keep their homes pest free.
Property Taxes and Rental Fees
Some people purchase the land where their manufactured homes are erected, and these individuals would be required to pay property taxes on the land they own. On the other hand, some people rent the land where their manufactured home resides. In this case, a person would need to pay rental fees for the plot of land. In either situation, home buyers are encouraged to consider these costs when they’re developing a budget.
We Can Help You Make Sense of the Home Buying Process
Here at Fiesta Homes, we make sure our customers have a full understanding of financial issues related to the sale of manufactured homes. We use our considerable experience to help you navigate common financing options, which ensure you can find the home of your dreams with a budget you can live with. Call 575-525-4680 today or contact us for more information. We also welcome you to check out our customizable floor plans.
