Which comes first – the lack of supply of available accommodation or the increase in demand for housing? It’s mostly a combination of both supply and demand. While we can predict population growth to satisfy housing needs, the abrupt increase in migration has caught out in many nations.
For many years, people enjoyed the freedom of travel and loved moving around within their own country and worldwide.
When there are many more immigrants than emigrants, a country or state will see demand outstripping supply. The immediate strain is felt in employment and housing. Over time housing crises are managed by increasing the supply of new homes and reducing need with measures to disincentivize investors and control immigration,
So why are there housing crises if all we need to do is build more accommodation? Cost. The cost of compliance with building codes and materials increases the finished product’s sales price – the new home.
Affordability is a key reason why first home buyers fail to get on the property ladder. There have been many creative businesses and governments with solutions to resolve this problem, but none have successfully rolled them out on mass. So people are taking matters into their own hands and hence the rise of mobile homes. So let’s see if a mobile home is a good investment.
Mobile homes rose in popularity in the mid-1970s. Best called manufactured or prefab homes, the prefabricated modules are built inside a factory before being constructed on a site. However, not all mobile homes are prefab buildings.
Some mobile homes can be extended trailers, aka caravans which are transportable or permanently left on one site.
So, how can a mobile home be a solution to the housing crisis?
Mobile homes are already being used for temporary and permanent accommodation. They are usually much smaller than the standard house, so the occupants need to get used to having less space. Still, new homes are shrinking in size, so they’re more affordable anyway, so we all need to realize housing is getting smaller yet no less accommodating. Interiors are custom-built with multi-use spaces. So, for example, a small alcove or sunroom can also serve as the home office.
However, not everyone is keen on the idea of living in a mobile home. One concern is will mobile homes stand up to significant weather events like a tornado, hurricane? The good news is manufacturers have solutions to ensure the homes remain grounded in extreme weather areas.
Plus, there are many incentives to get the product right as they are low cost to build and affordable to purchase. Plus companies will offer you cash for your mobile home, whatever condition it may be in. While they may be a hard sell in the short term, particularly with homeowners used to more space, their advantages will win over a larger share of homebuyers over time.
Requires A Small Space
With over-population being the main driver of the housing shortage, a mobile home doesn’t require much space. As a result, an area can intensify mobile homes on less land than needed for the same amount of standard-sized homes.
Arguably there’s not much variation, but there are three standard sizes to accommodate your living requirements.
A single wide mobile home ranges from 14 feet to 18 feet in width with 66 to 80 feet in length. It reduces the long hallway and uses the house on its maximized capacity. It can also hold two or three bedrooms and one bathroom. It’s the most typical or common mobile home available.
If the location is only a tiny place, then a single wide is the most suggested. It’s also best for clients to purchase a single wide mobile home to make space for other mobile homes.
Double wide mobile homes offer 20 feet to 36 feet in width. They have the same length as the single wide home. They’re also usually delivered with two chassis still attached.
Double wide mobile homes are no different from single wide homes. They’re also usually in rectangular than box form, which is the single wide.
This type of mobile home is best for people who don’t like small spaces. It also benefits from a new floor plan concept for the manufacturer and may even use the client’s design.
Triple-wide mobile homes are also called multi-wide mobile homes. They’re three times wider than their single counterpart and are available in different variations and floor plans and maybe also change their ceilings and heights may also be changed.
Some Are Transportable
Even if many studies show that only a minority uses a transportable mobile home, this can still help solve the housing crisis because people wouldn’t have to buy a lot where their mobile homes will stand.
Transportable mobile homes may also be more efficient and require less compliance. Plus, post-pandemic mobile homeowners who love traveling can take their homes on the road with them as they travel the country far and wide.
Mobile homes are still registered homes. Papers are processed during manufacturing. These mobile homes are cost-efficient for a client who doesn’t have to pay for laborers. It’s also shown that it will reduce half of their cost by getting a mobile home. Also, as these mobile homes have different sizes, it’s best to pick a mobile home aligned with your budget. Upgrading a mobile home is also possible if a client wants a larger mobile home.
Use Less Time
The majority of the simple mobile homes are built within two weeks. Therefore, it doesn’t require much work or effort from humans. Still, machines are needed to be checked and maintained. An overheated engine is the worst hazard that may happen when creating a mobile home. But, using these machines is still the best way to create mobile homes in the least possible time.
According to some manufacturers, a mobile home may be an eco-friendly home. It’s because there’s no weather interfering with the process like in a site-built home, and no wasted materials come of it. This suggests that every material in a mobile home is processed thoughtfully and carefully. So it doesn’t just solve the housing crisis, but it also solves the community’s waste problem.
May Attract Sponsors
As the housing crisis is one of the top problems of every country, creating a program to solve it attracts sponsors. Many sponsors may think that mobile homes are the new affordable homes they or the government can offer to those in need.
But, aside from helping the less privileged receive a wonderful home for free, building mobile homes can also help local manufacturers gain more income. Moreover, mobile homes reach most of the population due to their affordability to extend the needed help.
Incentives and Less Tax
Large or bulk orders from a factory are most likely to give promos and sales incentives to those offering mobile homes. This may also improve the features of the mobile homes, making them better for the clients.
Furthermore, if the government offers a program for these mobile homes, it will likely reduce taxes. Fewer taxes are expected if the government has funded these mobile homes for the lower class. This may allow a budget re-evaluation, which may even result in urban development for the economy.
There is a fine balance to getting supply to meet demand, and with housing, it’s challenging.
When there is a housing crisis, innovation comes to the forefront, including the economical manufactured housing builds and uptake of mobile homes.
Using a mobile home has a lot of advantages and provides immense opportunities to resolve the housing problem. Not only are they affordable, but they also come with other benefits like those listed in this article.
Building mobile homes can solve the scarcity of rental accommodations, high housing costs, and problematic lending and mortgage issues. However, if you’re seeking a bit more space for the family manufactured homes would be worth a look.