The real estate market crash created a widespread shift away from the traditional American dream of home ownership and real estate investment . As families saw their property values plummet, and thousands were displaced by foreclosures, the US saw a significant drop in new home construction and overall home purchases. More and more , potential buyers are less likely to settle for the old standard operating practices where developers built cookie-cutter houses on the smallest possible lots, and expected buyers to pay far above the real value for the shoddy craftsmanship and limited design selections presented to them.
Market watchers have seen a significant shift away from the McMansions of the 1990′s . According to recent market analysis , buyers are looking for less square footage, but are insisting upon unique amenities and features combined with quality workmanship . The market shift now truly is focusing on the developers ability to produce a home to the particular specifications of the unique buyer , and to produce a quality home that will involve less maintenance and will truly stand the test of the years, increasingly harsh inclement weather , economics, and societal factors that can eat away at property values over time.
These new market developments are spurring a renewed market interest in the factory built home. In no other way can home buyers have such a variety of customizable options and unique power of choice in the design and development of their home. Recent national news reports have detailed the resurgence of the manufactured home market , siting examples where factory built homes have gone up in traditional neighborhoods. These articles detailed the initial doubts of the neighbors, and then their astonishment once the houses were up and occupied. No one, it seems , could tell that the houses in question had been factory built . The manufactured home industry is no longer what we tend to think of as producing granny’s rickety mobile. In fact, for home buyers seeking supreme choice in the features, materials and construction of their new home , more and more are turning to manufactured homes as the ultimate affordable answer.
Many manufactured home buyers are finding that it actually takes them longer to pick through the variety of customizable features and make their decisions for the design than it does for the house to be built and assembled on their site . The speed of construction and reduced construction costs associated with that are a key part of the lower cost of buying a factory built home . But that speed of construction is not reflected, as many would assume , in a lower quality of craftsmanship . Quite to the contrary, by being constructed in an enclosed factory environment by specialized construction laborers , the housing market is seeing these houses hold a surprisingly high value over time, as well as homeowners seeing a better finished product. Factory built homes don’t sit out in the weather during construction, which means that as the walls come together in the factory the materials are not exposed to the mold, moisture or other natural invasion that occurs with the slow traditional construction process.Walls are assembled cleanly, without capturing mold, moisture or insects , which makes for a clean start for new manufactured properties .
As a new generation of home buyers is increasingly warming to the prospect of luxury manufactured homes, the market can only wait and see how much further traditional home prices continue to drop as buyers turn away from the cookie-cutter options and demand more individuality, more customization , and better quality in the real estate market by purchasing factory built homes.
