The focus of this article is to outline the steps involved in the quest of searching for and applying to buy modular homes for sale in Michigan, and how to find the one that fits for you and yours.
What Exactly is a Modular Home?
A modular home is built off site in a factory. These homes benefit from having not suffered from previous property damage due to adverse weather conditions, like many traditional homes built on-site are often vulnerable to. Modular homes in Michigan are built with high quality building materials due to them being required to meet the same high IRC (International Residential Code) standards as traditional site-built homes.
The Difference Between Modular and Manufactured Homes
Though the two types are very similar, manufactured homes must meet the HUD (Department of Housing and Urban Development) national regulations, while, as previously stated, modular houses must meet the IRC, in regards to standards for buildings and structures. This is mainly because a modular house is set on a permanent foundation, while new manufactured homes are set on concrete pads or piers, and can then be transported to a different location, if so desired.
There are a few different ways people choose to live in a modular home:
1. They can be purchased on-site, typically within a community park, at sites like Tyrone Woods Manufactured Home Community. The fact that the new home is affixed to land will also add value to the modular house.
2. They can be purchased by a reputable dealership, have it built off-site in a factory, transport it onto a community park site, and then pay a fee to the mobile community park to lease the land.
3. They can simply be bought from a modular home supplier and then have it set on a private piece of land.
One downside to having the modular house set on private land is it must be transported safely, which requires the use of a specialized removal van, and then it must be installed properly to meet all of the IRC requirements. This means you will most likely need to find a reputable and licensed company to take care of all of this, which does not come cheap.
When you buy a home through a community, typically the moving and setting of the home has either already been taken care of, or it is built into the cost of the home, and it’s then the responsibility of the community to make sure everything passes and is done correctly.
You must weigh the pros and cons for your own situation:
Having the home transported yourself is usually a more expensive and riskier option that requires planning permission in Michigan to do so. You will also be without all of the benefits of living on-site in a welcoming community.
Research, Research, Research…
Before signing any documents and starting the official application process into buying a modular home in Michigan, it is necessary for home hunters to do extensive research into finding the right home.
Research should be undertaken to answer the following questions, amongst others:
1. Does the house meet the particular property specifications you are looking for (such as number of bedrooms, size of bathrooms, kitchen design, etc.)?
2. What are the facilities available on-site to residents in a particular community, such as parking, communal areas, playgrounds?
3. What are the useful local amenities and services in and around the neighborhood where the mobile home community park is located, such as hospitals, schools and shops?
A great place to start your research when searching to purchase modular homes in Michigan is by visiting websites and online platforms advertising mobile home, new manufactured home and modular house listings.
There are always a wide variety of modular homes in Michigan being advertised for sale on websites such as Zillow.com and MHVillage.com, or the ‘find your home’ section of the Michigan Manufactured Housing Association website. On the Michigan Manufactured Homes Association website, you can use the website’s search filters to search for modular home dealers and suppliers, and modular homes for sale, located on and off sites of mobile park communities, across Michigan.
Virtual modular home tours on property websites also offer another insight into different options. This helps those looking for modular houses to discover what they look like from the inside without even leaving the couch.
Alternatively, visiting community websites and conducting search through listings, service, and information detailing key elements of life in a specific mobile community can also be helpful.
Tyrone Woods Manufactured Home Community’s website contains information regarding our modular homes for sale available on site, along with our amenities.
If you are interested in our impressive range of new mobile homes for sale, contact us and come and see for yourself by scheduling a viewing!
How To Go About Paying For Modular Homes in Michigan
Another key step when considering taking the plunge to buy modular homes in Michigan is the financial aspect of it all. Can I afford it? Is it within my budget?! Well, you are in luck, because we are here to help!
In comparison to traditional homes, with typically burdensome and expensive mortgages that are unattainable for young buyers or those on lower incomes, the price of modular houses are much more affordable. Thus, modular house loans are much easier to obtain and pay off, and in a relatively short time frame.
The affordability and value of buying modular and mobile homes is a big factor attracting more and more people to this type of living. According to a recent census, around 20 million people now live in mobile homes in the USA.
When buying a new home, personal loans can be taken out instead of traditional property mortgage loans to cover the price of modular houses.
Chattel loans are the most popular for those looking to finance the price of modular homes in communities, as they are personal property loans instead of real estate loans. This means the new home does not need to be affixed to land like a traditional home. Chattel loans also have the benefit of smaller down payment fees and lower credit score requirements compared to traditional home mortgages.
Thankfully, at Tyrone Woods Manufactured Home Community, in Fenton, MI, we have a dedicated and trained on-site staff to provide assistance to people in search of their new home through our in-house financing program. The Chattel loans we deal in are structured to help prospective modular homeowners to achieve their dream of home ownership as smoothly as possible, and for the absolute best price.
Another option often used to finance the purchase of mobile homes is an FHA (Federal Housing Administration) loan. An FHA loan also has a low down payment of 3.5% of the value of home, so up to 96.5% of the value of the home can be borrowed. Therefore, FHA loans are also more suited to those on lower incomes or younger buyers, as it is easier for them to afford the more reasonably priced initial down payments.
Location, Location, Location…
Maybe the most important of all, you must ensure that the location you select is suitable for you and your close ones. Are you a large single family? Then be sure to search schooling options available near the land you are installing the modular home on, or alternatively near the mobile community site on which you intend to buy your new home.
Does anybody who will be living in your modular home have any existing medical conditions? In this case, check where the local hospital is located prior to buying a modular home on a given home site.
Tyrone Woods is most conveniently located at a distance of just two miles from the downtown Fenton, MI area and the US-23 highway. This allows for easy access to major cities in Michigan such as Lansing, Ann Arbor and Detroit. Fenton, MI also boasts a diverse range of shopping centers and restaurants, therefore, luckily, you will not have to go very far to get any necessities you may need.
What Do I Do If I Have Problems with my Michigan Modular Home After Purchasing?
If you wish to complain about manufacturing or installation issues with modular homes bought from a dealership or installed by a building firm in Michigan, file a statement of complaint with the Michigan Department of Licensing and Regulatory Affairs.
If, however, you live on a mobile community site and are having issues such as noisy neighbors or problems with inadequate on-site facilities, contact the mobile community on-site management and they should be able to help you right away.
What Exactly Are You Looking For in Michigan Modular Homes?
In terms of buying a modular home, are you looking for a large and cosy double-wide with living spaces of up to 2200 square feet? Are you in search of at least 3 beds and 2 baths, including a master bedroom? If so, then a new home at Tyrone Woods Manufactured Home Community in Fenton, MI is certainly the best option for you.
Here at Tyrone Woods Manufactured Home Community in Fenton, MI, we take pride in our staff, and our readiness as an organization, to provide our residents with assistance on site, ensuring life is as comfortable as possible. We can be contacted via email and by telephone, (810) 714-1200, if you wish to communicate with us.
Modular Homes For Sale In Michigan
To conclude, there are many factors to consider when searching for modular homes in Michigan. The application process involved in buying modular houses should be fairly straight forward. It is important to be mindful that, during the application process, you will be asked by the loan lender for documentation relating to your employment history, income and credit rating. This will all be considered as evidence to demonstrate how you will manage the payments involved in buying your very own modular home.
We are convinced that there is truly no better place to find your dream home than buying modular homes for sale located in Michigan at the Tyrone Woods Manufactured Home Community! With that said, don’t just take our word for it. Contact us today to come checkout a model and see for yourself.