2016 is the year to buy!
Is buying a manufactured home vs renting a good option for you?
With interest rates still low and the possibility of them increasing soon, the window for low interest rates will begin to close. Rent is also expected to rise, which is only one more reason to buy now! Perhaps it is in your best interest to consider buying a manufactured home vs renting. In some cases, home loans can be cheaper than rent. Before signing another rental lease, consider buying a manufactured home vs. renting. Our manufactured homes can be purchased as a single wide or double wide. With our homes there are ways of customizing layouts and finish materials. Let us help you build and design your dream home!
Here are some benefits of buying a manufactured home vs renting:
- Although mobile parks rent their lots, this cost is minimal compared to the rental of a home or apartment…and you still own the home you are living in! Lot rents are different from park to park and each park includes or excludes certain utilities. For more specific information, please contact the mobile home park manager directly. Here are some local mobile park lot current lot rents per month:
Country Club Terrace, Hutchinson: $265/month
McDonald Park, Hutchinson: $240/month
Park Village, Litchfield: Varies from $275-$305/month
- NEW manufactured homes starting at only $55,000! With interests rates so low and homes starting at such a great price, monthly loan payments can be similar or even lower than rent. Instead of “throwing” away your hard earned money to rent monthly, imagine making a payment on property that is yours and you own. Interested in buying?–Check out this link to a loan and affordability calculator.
- Living in a mobile park can give you more privacy than renting an apartment. At a park, you have your own outdoor space to enjoy during the warmer months! You also don’t have neighbors who share walls with your home.
Visit our location in Hutchinson, Mn and tour our manufactured model homes for inspiration! Buying a manufactured home vs renting may be a great alternative.