How to estimate costs for manufactured homes

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How to Estimate Costs for Manufactured Homes


Buying manufactured homes can be a great way to save money compared to buying traditional home constructions, plus you can choose from a wide variety of sizes, styles, and locations. To ensure that you get great value for your money, wise planning, research, and budgeting are essential first steps to consider, before you seal your dream home purchase. Good thing, countless resources are available to help you determine realistic cost estimate with which to buy your new manufactured home.


Difficulty: Moderate

Things You'll Need:

* Credit report

* Online mortgage calculator

* List of home manufacturers

* List of contractors

* List of suppliers

* Construction resources

* Home insurance resources

Step 1

Assess your current, overall financial situation, including your credit standing. After making a complete assessment, determine your desired budget for your new home, with the help of a free online mortgage calculator.

Step 2

Define what you want. Make a checklist of size, price, type of home, location, basic features, added features, floor plans, interiors, and construction requirements you would like.

Step 3

Research on possible contractors, pick your Top 3 and check pertinent information (e.g. licenses and references) about them as well as their work. Interview these three contractors and make a final choice. Then, schedule an appointment with your chosen contractor and discuss your preliminary budget together.

Step 4

Shop around for different brands and models. Retailer and manufacturer prices are available online. These and appraisal guides for your home model will help you arrive at a final price point with your chosen home manufacturer.

Step 5

Once you're ready to make a final home purchase, review and get copies of all pertinent documents, especially those you need to sign from your home manufacturer. Some of these documents include:

* Purchase agreement

* Financing terms

* Extra costs

* Warranties

* Rental agreements

* Maintenance agreements

* Rules, regulations, and restrictions (for homes situated in a manufactured home community)

* Zoning laws

* Sewerage requirements

* Utilities requirements

Read each document thoroughly and write down all related questions that come to mind. For your own protection, hire a lawyer to review the documents with you.

Step 6

Lastly, consider a home insurance provider.


1. Buy a home based on its actual price, and not on monthly payment.

2. Set aside a 10-to-20 percent buffer of your total project cost for delays, changes, or other problems that might arise.

3. Factor in landscaping as an additional cost with your new manufactured home.

4. Keep loan terms short and reasonable.

5. You can use free Web-based calculators, like one found on to make a rough cost estimate.


1. Buying a manufactured home is a long term commitment. Avoid impulsive buying decisions, at all cost!

2. Resist sales tactics that urge you to make quick home-buying decisions just within hours or days.

3. Watch out for no-money-down offers, free options, and low interest rates.

4. Don't accept flexible financing terms or conditions.

5. Never give your money without a firm price.

6. If the price is too good to be true, it probably is.


1. Wall Street Journal Real Estate Archive (

2. My Great Home (


1. Manufactured Home Source (

2. The Mobile Home Village (

3. Calculator for fixtures, finishes, locations (