Are manufactured homes the housing solution for today's millennial home buyers? according to Lindsey Bostick, a millennial who spoke to MHLivingNews, the answer is obvious -
"Many desire to move from renting to owning, but often struggle to find that a real possibility in the current site-built market. The manufactured housing industry can offer a solution to that problem," said millennial Lindsey Bostick to MHLivingNews.
“Today’s manufactured homes can look and live like a conventional, site-built house, and can be half the price of new construction. Additionally, many manufactured homes are Energy Star rated, so they are more efficient than older, existing homes,” the university-graduated Bostick said.
Read the rest of this interesting article to find out why more and more millennials are choosing manufactured or modular homes for their FIRST home!
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While our new Fleetwood modular home isn't available for showing just yet, you can STILL take a virtual tour using Matterport's 3-D technology! You'll feel just like you're inside this beautiful home, walking around from room to room! Try it out below and let us know what you think! Check back soon to see open dates for our new display model!
New! Manufactured and Modular Home News for Consumers!
Stay informed of what's going on in the manufactured and modular home
industry with this daily updated news feed!
Bad credit can hinder your ability to buy a home, but it doesn't have to STOP it. This month, we're borrowing a great article from www.mobilehomeliving.org about ways to improve your success of buying a new manufactured home - even with bad credit!
Click here to read How to Buy a Mobile Home With Bad Credit
This informative article explains the type of homes that may and may NOT qualify for loans, as well as alternative choices to traditional financing for mobile homes. If you've given up hope on buying a home because of your bad credit, this article is for YOU!
And as always, be sure to talk with a qualified lender about ALL your home financing options, as well as shop around for the best rates and terms. If you don't know where to start, Moncure Homes can provide you with a list of qualified mobile home and modular home lenders in the area who can help you get started! our j
Call or visit us soon to start your home buying journey!
With tax refund season right around the corner, many homebuyers are considering their FIRST homebuying experience! A tax refund is a great way to get into a new home, but there are other valuable "credits" the first time homebuyer can take advantage of when considering making that most important decision.
We've found a great article through Investopedia that breaks it all down, and explains the different credits available to first time homebuyers in 2016. Click the link below to access this informative article:
And don't forget, at Moncure Homes, we're EXPERTS in helping you wade through and understand all the many questions that come with home mortgage loans and financing your first home! We've also now got an on-site mortgage loan specialist every Saturday, who is available to answer your questions AND help get you pre-qualified to buy a home. Be sure to visit us soon and take advantage of this great service - all at NO COST to you!
Modular Homes and Hurricanes - Fact & Fiction
TURN KEY PRICING
Contributed by David Whitehurst, Housing Specialist - Moncure Homes
There are varying ideas of what a "turn key" price involves but Moncure Homes certainly has the customer's best interest at hand. "Turn Key" by definition means to handle everything from start to finish. Our competitor's will sometimes "hide" a certain cost from the consumer in order to get the deal started. However, once the customer has fell in love with the house and has already invested numerous hours with their project, they realize that the hidden costs "REAR THEIR UGLY HEAD". I am not implying that unforeseen acts cannot happen to cause a project to increase in cost but we at Moncure Homes go over each deal thoroughly to ensure that the chances of that happening are minimalized. The examples of some unplanned acts are as follows:
1. The land will not perk and a pump stationed or Bio-Filtered Septic is needed versus a standard gravity flow system.
2. The county guidelines will not allow the home to be placed in the location that the customer wants and we have to clear a larger section of the tract in order to place the home within zoning guidelines.
3. The weather can delay any project and it is IMPERATIVE that the customer is aware of that upfront.
4. Costs of lumber and gasoline fluctuate almost constantly so it is important to lock in your price early so as to maintain the agreed upon price.
5. If a customer has an idea of where they want their land/home package and we estimate the price of the lot....the actual lot that they find and agree upon can be more or less than the original quoted price.
There are many different ways that a project can be quoted and you can certainly rest assured that Moncure Homes will take the time to quote your project thoroughly and professionally. Our attention to detail and "customer comes first" attitude separates us from our competition.
Here are some of the items included in an average turn key project, however, your individual project may not require all of these items to be included.
So, as you can see, there are varying items that will be required and some that can be left off of your list. This will fluctuate deals by thousands of dollars so it is imperative to get an accurate quote. The most accurate method of ensuring a thorough quote is by having the Housing Consultant meet the customer at the lot to go over what exactly will be needed.
David J. Whitehurst
Moncure Quality Homes
Before jumping into home ownership, its important you know just how much home you can afford. You don't want to waste your time looking at homes you can't afford, and you also don't want to pass up homes you thought you couldn't afford but which might actually be within your reach. A quick rule of thumb is this: most people can afford up to 3 times their annual household income, and depending on income and credit score, possibly up to 4 times their annual household income. Of course there are many other factors to consider when it comes down to actually being qualified to buy a home. The best way to determine how much home you can afford is to meet with a qualified mortgage loan lender to assess your financial ability to buy a home. Below are a few things a lender may consider when evaluating how much home YOU can afford:
Disclaimer: This information is for general guidance only, and does not represent or purport to represent final legal or financial advice; you should contact your own attorney or lender in all areas in which you have a question. The author nor Moncure Homes is a qualified mortgage lender and advises you consult a qualified professional in your area to answer any specific questions related to your ability to qualify for a home loan.
If you're considering purchasing a new home this year, you would be well advised to educate yourself on ALL your home options - including modular homes! Most people don't really know what a modular home is, or have only a basic concept at the very least. But its what you DON'T know that can be the most surprising AND save you money! Below are some interesting and maybe even surprising facts about modular homes that may make your home buying decision a little easier, as well as more affordable!
As you can see, modular homes are NOT limited by design, style, options or customization! With a little imagination and custom options, your new modular home truly CAN be YOUR dream home!
Call or visit Moncure Homes to get started on designing your new modular home today!