The Real Estate Browser Volume 9, Issue 2 | Page 19

20 — Say you saw it in The Real Estate Browser of Lynchburg — Volume 9 Number 2
www.LynchburgRealEstateBrowser.com
How to Find an Affordable Home
in Today’s Market
(StatePoint) Affordable housing is in
high demand in cities and counties nation-
wide. Experts say that areas grappling
with affordable housing issues may find
factory-built homes to be a powerful tool in
addressing this need.
Built in a factory and delivered to home
sites, this efficient process translates into
lower production costs that are passed on
to the consumer. The good news is while
manufactured homes cost less than site-
built homes they are just as high quality.
The average new manufactured home costs
around $70,600. The cost for a smaller
new single-section home can be as low as
$20,000. In 2016, manufactured homes
accounted for 80 percent of all new homes
sold under $150,000.
Unfortunately, when many people think
of manufactured housing, the old stereo-
type of a run-down trailer park enters their
minds. However, most of the more than
37,000 manufactured housing communities
in the U.S. are a far cry from that negative
image, boasting amenities like community
centers, organized activities and children’s
play areas. Other benefits may include: