The real estate bubble-burst created a widespread disenchantment with the traditional American Dream of home ownership and real-estate investing . As homeowners saw their home values plummet, and hundreds of thousands were displaced by foreclosures, the US saw a significant drop in new home construction and overall home acquisitions. 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 rejoice at the shoddy craftsmanship and restricted design selections offered to them.
Real estate market watchers have seen a major shift away from the McMansions . According to recent market analysis , buyers are looking for less square footage, but are demanding unique features and amenities combined with quality workmanship . The market shift now really is focusing on the developers willingness to produce homes to the exacting specifications of the individual home buyer , and to produce a quality home that will involve less maintenance over time and will truly stand the test of time, inclement weather , economics, and societal factors that can erode property values over time.
These new market developments are creating a resurgence of the factory built home. In no other way can home buyers have such a range of customizable options and unique choices in the design of their home. Recent national news reports have detailed the resurgence of the manufactured home market , siting examples where factory built houses have gone up in traditional neighborhoods. These reports detailed that once the houses were up and occupied. No one, it seems , could tell that the home had been manufactured, or were different than the other houses on the block . This 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 hundreds of customizable features and make their choices for the design than it does to get the house up and their family moved in . The speed of construction and reduced construction costs associated with that are a key part of the lower cost of buying a factory built house . But that speed of construction is not mirrored, as many would think , in a lower quality of craftsmanship . Quite to the contrary, by being constructed in a clean factory environment by specialized laborers , the housing market is seeing these houses retain a surprisingly high value over time, as well as property owners seeing a better finished product. Factory built homes don’t sit out in the weather during construction, meaning that as the walls come together in the factory the materials are not exposed to the moisture, mold or other natural invasion that occurs with the traditional outdoor construction process.Walls are assembled cleanly, without capturing moisture, mold or insects , which makes for a clean start for new manufactured homes .
As a new generation of home buyers is increasingly warming to the prospect of luxury manufactured homes, the market can only wait to learn how much further traditional home prices will drop as buyers turn away from the cookie-cutter selections and instead demand more customization , and better quality in the real estate market by purchasing factory built homes.
