2 Great Reasons to Buy a Factory-Built Home Now

2 Great Reasons to Buy a Factory-Built Home Now

Even though it's been said this is a buyer's housing market, many people are afraid to purchase a home now. You might be struggling to save a down payment, issues with job security, or waiting for the stock market to turn around. Whatever the reason may be, there's a more affordable option you might not have considered, Factory-built homes. 2 reasons to consider a factory-built home provided by Riverview Homes, Inc.

Affordability -- Factory-built homes have all the features of site-built homes, but cost 10 to 35 percent less per square foot. "With factory-built housing, the home manufacturers purchase construction materials in bulk and take advantage of volume pricing. The homes are built in a controlled environment producing a superior, quality product and those savings are passed onto the homebuyer," said Robert Fanelli, president of Riverview Homes, Inc. The average price of a Riverview factory-built home is just $55,900 for a 1500 square foot, 3 bedroom and 2 bath home. Some models can be purchased for even less.

Low mortgage rates -- Homebuyers will find additional savings when it comes to financing their home. Mortgage rates remain historically low and financial institutions are accepting down payments as low as 5 percent. Robert adds, “Some Riverview customer’s are receiving rates as low as 4.8% for 30 years.”