Frequently Asked Questions
What is the difference between "Manufactured" and "Modular" Homes?
A Manufactured Home (known in the past as "trailer" or "mobile home"), is a home built to the nationally recognized HUD Code. The most recognizable feature of a Manufactured Home is the steel frame on which the home is built. This framework is an integral part of the home's construction and is a permanent part of the home. Wheels and axles are attached to this frame for transportation and in most cases are removed after the home is installed on its foundation.
A Modular Home is built to State and local Codes. Their appearance and construction standards are virtually identical to "stick built" homes. Both Manufactured and Modular homes are fully constructed in sections, in a factory-controlled environment. The sections are then transported from the factory and assembled on site. Both can be installed on full foundations.
Is it true that these homes depreciate? The short answer to this question is NO. If you treat your Manufactured Home just as you would any other home, it will react to changes in the real estate market much like conventional housing. On the other hand, if you treat your home like a "trailer", it is unlikely to hold its value.
I've priced Manufactured homes and frankly, I think I can "stick build" for the same price. If that were true, there would probably be no such thing as Manufactured Homes. Factories have the ability to buy their materials in incredible bulk, thereby getting a substantial discount from their suppliers. Another factor that reduces production costs is that factories don't have to allow for cost overruns due to
inclimate weather, theft and many other uncontrollable circumstances that stick builders face. The average Manufactured Home breaks down to cost well under $40 per square foot; the average stick built home (depending on your region) will cost upwards of $70 per square foot.
Aren't Manufactured Homes cheaply built?
It's important to note that the savings you'll realize with a Manufactured Home is not because they are cheaply built. There
are cheaply built homes out there, but quality homes such as those you'll find at Homestead Oak are built to comparable, if not stronger, standards than those of their "stick built" cousins. Our homes are constructed with trusted brands like General Electric, Philips, Nordine, IKO, Georgia Pacific and Alcoa, just to name a few.
What is included in the price of your homes? You will control the cost of your home with your choices in options much like you do when ordering a
stick built home. The base price typically includes a fully equipped kitchen, furnace, water heater, curtains, carpet and so on. Also included in our price are all of the delivery and set-up charges for your home as well as a manufacturer's warrantee. At Homestead Oak you won't be "baited" with an artificially low price and later line item charged for extraneous costs.
Is financing available? Yes. In fact, you don't even have to look for a lender - we'll provide the financing for you. Not only can we finance the home, but also your property and construction costs -- and we can do it at very competitive interest rates. Qualified buyers can take advantage of no money down financing with terms up to 30 years. And, Yes, we do take trade-ins and can use property equity as