Useful Tips on Buying a New Home
Saturday, December 15th, 2007How Much Home Can You Afford??
Manufactured homes are often sold separately from the land on which they will be placed. When calculating how much home you can afford, you need to factor in the cost of the land or land rental.
If you purchase land be sure to include costs to prepare it for your home: clearance and grade work, a well or septic system, electrical and water connections, driveways, porches, landscaping, and more.
If you place the home in a park, these costs may be bundled into “park packages,” which pay for improvements such as driveways and carports for lots owned by the landlord. Don’t forget to factor in likely rent increases when budgeting this option.
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