Lower in price,
manufactured homes typically do not appreciate in value at the same rate as other types of homes.
Manufactured homes typically cost less than site - built homes, both on a square - foot basis and in total.
Not exact matches
The foreclosure rates on
manufactured homes are
typically much higher than those on traditional houses.
There is also increased risk for damage due to weather, as
manufactured structures are
typically not built onto a foundation (modular
homes are an exception).
As
manufactured homes generally depreciate over time, the actual cash value will
typically be less than the replacement cost.
A
manufactured home is
typically the least expensive way to put a roof that you own over your head
Insurers also distinguish between RVs and
manufactured homes -
typically, an RV is a motor
home that can be driven.
Insurance Costs: Insurance companies
typically charge higher rates for
manufactured home insurance than traditional
home insurance, due to the
manufactured homes» comparatively weak structure and susceptibility to fire damage.
Typically, mobile
homes and
manufactured homes are insured more like a vehicle, since they can be moved and relocated.
These types of loans are
typically obtained by
home construction companies or by private builders that need the extra capital to
manufacture a house from scratch.
There are certain risks that exist with mobile or
manufactured homes because they are built with light weight materials and are
typically not built on a permanent foundation.
You can
typically add jewelry to a homeowners, renters, condo, or
manufactured home policy.
Manufactured homes are built in a factory with lighter materials, then transported to a site where they are
typically tied down via ground anchors for stability.
There is also increased risk for damage due to weather, as
manufactured structures are
typically not built onto a foundation (modular
homes are an exception).
As
manufactured homes generally depreciate over time, the actual cash value will
typically be less than the replacement cost.
You can
typically add jewelry to a homeowners, renters, condo, or
manufactured home policy.
Both mobile and
manufactured homes are factory - built and not
typically assembled on a foundation, like a traditional site - built
home would be.
There are certain risks that exist with mobile or
manufactured homes because they are built with light weight materials and are
typically not built on a permanent foundation.
Given that the value of
manufactured homes is
typically less than that of an in - site
home of equal size, the ratio of premiums to value on
manufactured homes is several times higher than for traditional
homes.
Typically, a mobile or
manufactured home insurance policy may include the following:
Mobile
homes are at increased risk for damage due to weather, as
manufactured structures are
typically not built on a foundation (modular
homes are an exception.).
Costs are much cheaper since the owner of the MHP does not
typically own the
manufactured homes and just rents out the lots.
The
home's green design, innovative floor plan and architectural details are not
typically seen in
manufactured housing.
Typically, both stickers can be found on the electrical panel; however, the CSA sticker can also be found near the front door of the
manufactured home, whereas the MHR sticker is generally found on the front left corner of the
manufactured home.