Common First-Time Manufactured Homebuyer Mistakes to Avoid

Common First-Time Manufactured Homebuyer Mistakes to Avoid

Are you going to be a manufactured homeowner for the first time? Congratulations! Buying a new home on your own can be equal parts exciting and equal parts overwhelming. Those keys that you receive seem not only the keys to your manufactured home but also your happiness. 

Keep in mind that the process of buying your dream home can be very confusing. The paperwork and zipping around can take a toll on you. And as you would be doing all this for the first time, mistakes seem inevitable. To help you make the right choice and avoid the common mistakes that first-time homebuyers make, we are here with another blog. 

Here are some of the most common mistakes that you should avoid committing if you buy a manufactured home in central Alabama or the surrounding area for the first time. 

Not Researching Extensively

Be it a manufactured home or a new cell phone, research before buying is a must. If you do not put in the time to research, you will end up making a wrong purchase that does not fulfill your needs. 

Since you are a first-time manufactured home buyer, you should be religiously researching. Get to know the entire manufactured housing industry and how these homes are built. This will ensure that the home that you pay for is worth it. When you research, you become more aware of the customizations that you can do with your manufactured home, so you will not have to settle for the basic model that the manufacturers have displayed. You will know how to modify your potential home to cater to your personal needs and tastes. 

Applying for a Loan After Finding the Manufactured Home

Often, homeowners apply for a loan after they find their ideal home. This is the wrong approach. You should get approval for the loan first, as this would let you know how much you can spend on your manufactured home. This would give you a budget that will narrow down your manufactured home options, making buying easier.

Additionally, if you have your loan approved, the entire home-buying process would be much faster. You will only have to find your perfect home and, after some formalities, the house will be yours in no time. 

Not Searching for a Site for Home Placement

In the excitement of manufactured home shopping, potential homeowners sometimes forget that they have to search for a perfect location to place their perfect house. Deciding whether you will be placing your home on a manufactured home community or private land is crucial.

As some sites require site preparation that ensures the house’s stability and durability, finding a location first becomes even more important. Plus, you will also have to secure your place in the rental community before purchasing the house if that is where you want to place it. 

Waiting for the Prices to Drop

All customers try to get the best product at the lowest prices. You also would want to buy your manufactured home when the interest rates and home prices decrease. But holding off buying is not the ideal thing to do. 

You see, you cannot time the lending or housing industry, and prices do not go down when expected. They are more likely to go up. So, if you are being offered a loan on decent, favorable terms, do not delay the process. 

Are you looking for a manufactured home in or near Montgomery? Jaco Sales, LLC. can help. We are Alabama’s leading producer of high-quality manufactured homes. Call us at (334) 283-1017 or fill out an online form to book your dream home today.