Myth vs. Reality
One of every five new homes sold in Florida is a factory-built home and it’s no wonder! Today’s factory-built homes offer the foremost in quality, livability and affordability. If you’ve been thinking about a factory-built home, you’ve probably heard of a few myths and misconceptions. But we want you to know the real facts…so you can judge for yourself the real benefits and value of today’s factory-built homes.
MYTH: Factory-built homes are not well-made.
FACT: All manufactured and modular homes are built to standards and codes that require the highest standards in every aspect of construction. Manufactured homes must pass a rigorous inspection process during construction by third-party inspectors, unlike site-built homes. Modular homes are built to the same codes and standards as site-built homes, but in a controlled, efficient environment with highly skilled construction teams.
MYTH: Factory-built homes are not safe.
FACT: Factory-built homes in Florida are designed and built to withstand even hurricane-force winds. And one of the largest insurers of factory-built homes in America has concluded that the chance of fire in a site-built home is twice that of today’s factory-built home. Thanks to stringent building codes, safety inspections standards, and Florida’s comprehensive installation requirements, a Florida factory-built home may be the safest home you can buy.
MYTH: Factory-built homes are difficult to finance and insure.
FACT: Buyers of today’s factory-built homes may choose from a wide array of financing options. Financing a factory-built home is no more difficult than any other home. Retailers are knowledgeable about home financing and may provide you a list of lending institutions – large national lenders as well as local companies – that can assist you obtain financing for your home. Of course, you are free to shop independently for your financing as well.
Personal property financing (home only) is readily available. Conventional, VA, FHA and other financing programs, with terms up to 30 years, are available when a home is financed as real property. Should you choose to acquire land in conjunction with the home, you can finance the home and land together. Lenders are active in financing factory-built homes because studies prove that these homes appreciate in value just like any other comparable homes. Likewise, insuring your home is easy and readily available from a host of recognized insurance companies.
MYTH: Factory-built homes are not attractive and don’t fit in with most neighborhoods.
FACT: See for yourself the appeal and comfort you expect in a high-quality home. There’s a spacious, stylish and beautiful factory-built home for every taste, lifestyle and budget. Whatever you want in your new home, you can have it in a factory-built home.