2 months ago ·Justin Becker ·Comments Off on 8 Tips To Finding Mobile Homes For Sale in Cedar Springs
Moving to Cedar Springs can be a big change for most people. However, Cedar Springs is a wholesome inviting town with more of a rural vibe, which can be a big change for people who are used to living in bustling cities.
That said, Cedar Springs is still one of the fastest-growing communities around. Plus, this city has ample job opportunities, great schools, a wealth of entertainment, and affordable luxury mobile homes for sale.
So, if you have been considering moving to this town and purchasing a mobile home here, then what are you waiting for? Follow these eight tips to finding a mobile home for sale in Cedar Springs, Michigan, and set your sights on your future dream home today.
Start Looking ASAP
One of the best things you can do when looking for a mobile home in Cedar Springs is to start looking as soon as possible. This means starting your search at least 60 days beforehand, if not more. Typically, having at least a two-month lead before you move will make the entire process more streamlined. In other words, purchasing any kind of home does take some work, requires research, plus involves a lot of paperwork, and that is after you have found the home you would like to purchase.
So, as you can see, the early bird definitely catches the worm here. Note, if you are a first-time homebuyer and have no clue where to begin, that is perfectly okay; there are a variety of places you can start looking.
For instance, the most popular method for finding anything these days is to search online—whether you are looking for new clothing or a car. Therefore, it makes sense that you would want to start your mobile home search this way. Moreover, with the ongoing pandemic, online home-shopping is pretty much the safest way to look for both you and your loved ones. With that said, a few notable sites to check out for mobile homes include MHVillage.com and https://cedarspringsme.com. You can also look on more traditional home search sites like Zillow, Realtor.com, and Craigslist—just to name a few real estate websites. Just remember to be smart when it comes to utilizing sites like Craigslist as people have been scammed in the past.
Since you are looking to purchase a mobile residence, you can look for additional assistance, i.e., you do not have to go at it alone. Many people think just because you are looking for a mobile home that you cannot rely on the services of a realtor or real estate agent, but that is simply not true. In today’s market, working with an agent or realtor is actually beneficial because they can help make sure that you find exactly what you need and want. What’s more, working with someone who has your best interest in mind means you are free to focus on other aspects of moving. You can also check out local mobile home dealers/retailers for assistance as well. Note, you should find an agent that specializes in mobile homes.
Utilize Social Media
Yet another way to facilitate your mobile home search is to use your social media platforms. There is actually more than one way you can utilize your social media sites here. The first way is to post to sites like Facebook, Instagram, and Twitter, to let your friends know that you are looking for a mobile/manufactured home to buy. The other way is to search these sites mentioned above to look for mobile home retailers or dealers’ pages and listings. Many mobile home dealers have full listings on Facebook and agents you can chat with. Think about it, how many people do you know that have found their next home or, at the very minimum, their agent on a social media platform?
As briefly mentioned, searching online and using social media can be very beneficial, but it is important to remember that there are some drawbacks to searching on unknown sites or pages. For instance, there has been an increase in scams on sites like Craigslist. So, you should try to stay clear of private sellers or deals that seem just too good to be true.
Of course, that is not to say all private sellers are trying to scam you. Rather, most dealers or mobile home communities are less likely to try and pull something. This is also another reason you should seriously consider working with an agent/realtor since they will point you in the right direction and are skilled at knowing what deals are not in your best interest.
Look at Both New & Used Manufactured Homes
While conducting your manufactured home search, you should make it a point to look at both new and used mobile homes for sale in Cedar Springs. Obviously, you want to narrow down your search eventually, but that does not mean you need to limit your options.
A used manufactured residence may be more budget-friendly or have the features you want at a more affordable price. Then again, you may prefer a brand new mobile residence with the latest in tech and home features. That being said, you will never know until you look at what is available.
Consider Financing Options Thoroughly
Once you have settled on a mobile home, the next step is applying for a loan or financing. If you have the funds to purchase your home, then, by all means, you do not need to look into financing options. However, if you are like most people, you will probably need to finance your manufactured residence.
Here, the good news is that you have more than one option when it comes to funding—in-house financing and a mortgage. Thus, you should definitely take the time to consider both thoroughly. In-house financing is great if you have a low credit score and need something more affordable in the long run. If this does not sound like your situation, then obtaining financing through a mobile home lender might be the better choice.
Take a Tour
As you hone in on your future home, make sure you take a tour of the place first. Generally, when purchasing a home, the buyer is entitled to a final walk-through, but you should try to see your mobile residence before then. If you have done a virtual tour online, that may be acceptable in the early stages. Nevertheless, as you consider your financing options, you should also make an appointment for an in-person tour. Note, due to COVID-19, any mobile home tours should be scheduled in advance to ensure everyone’s safety.
Overall, the mobile home market in Michigan is one of the hottest in the country. As a result, you need to know what you are doing or have the assistance of a real estate agent who understands this. By following the eight tips mentioned above, you can be a savvy buyer and are more likely to secure the mobile home that you want.
Nevertheless, if you would like more tips or further guidance during your manufactured home search, that is perfectly understandable. Purchasing a mobile home is a big step and is really no different than buying a traditional house or residence. Thus, if you need help finding your forever manufactured residence, then you can go online or call a knowledgeable team member at Cedar Springs Mobile Estates.
3 months ago ·Justin Becker ·Comments Off on Rent To Own Mobile Homes – How Does It Work
For most, securing housing means either renting or purchasing a home. However, there is a caveat, or rather a third option to consider—rent-to-own. Choosing a rent-to-own mobile home is a great way to become the homeowner you have always dreamt of being, without jumping the gun financially. If you are considering whether or not to rent or purchase a mobile home, then now is the perfect time to see if renting with the option to buy is the better route for you and your family.
What Are Rent-To-Own Mobile Homes?
A rent-to-own residence is a mobile home that is currently for rent. However, it’s lease includes an option for purchase or a possible requirement that you must buy the property after a certain period of time has passed. That said, the rent paid typically covers the current lease and can be applied to your future down payment when you do purchase the mobile home. Usually, this option is a great way to build your credit up while simultaneously saving up for a down payment. This is extremely beneficial for most people that simply cannot afford the average down payment, of which can often be as high as 5.3 percent of the purchase price.
How To Find One
Finding a rent-to-own mobile home is not so easy. The truth is that rent-to-own listings are not that common. The reason these particular listings are so hard to find is that they typically only occur under a certain set of circumstances. In other words, if you have stumbled upon a rent-to-own mobile home that you are interested in, then you need to act fast. Generally, if a mobile home has been for sale/on the market for quite some time, then the owner may choose to list it as a rent-to-own or vice versa (an interested party may have noticed that a mobile home for sale has been on the market for a while and thus decide to approach the owner about a rent-to-own agreement). Then again, if a long-term tenant has expressed interest in purchasing the property, then the owner may agree to sell it as a rent-to-own.
How Does It All Work?
In order to get the ball rolling with a rent-to-own home, there are several things that must take place. Of course, a formal agreement needs to be made between the owner and the renter/buyer. Moreover, terms, fees, a purchase price, and other pertinent details need to be figured out as well. Once all of the necessary paperwork has been handled, then, and only then, can the rent-to-own journey begin.
There are two types of legal agreements/contracts that can be drawn up and signed by both parties in terms of the agreement. The first agreement is a lease agreement with an option to purchase. This particular contract essentially gives the tenant/renter the right to buy the home, but not the obligation. Thus, at the end of the lease agreement, if you decide you do not want to purchase the mobile home, then you can walk away. Note, you will lose out on any additional monies put towards the future down payment.
The other contract is called a lease agreement with a purchase agreement. Here, you are legally obligated to purchase the mobile home. Consequently, with this contract, you should ensure that a third-party inspection occurs, so there are no surprises down the road. You should also consider getting a possible pre-approval for a mortgage just to make sure that you can qualify for one at the end of the agreed-upon term.
Set Purchase Price
In addition to a formal agreement, you should be aware of the purchase price upfront. Typically, the landlord or the owner of the mobile home will set the purchase price, and you can negotiate as you see fit. If you want to consult a real estate agent on a rent-to-own home, you will likely have some difficulty finding an agent that deals with such transactions. Therefore, you should do a little research of your own to figure out what the mobile homes are going for in the area. Tip: schedule your third-party inspection sooner rather than later, so you can reference it when negotiating the final purchase price.
With this kind of real estate transaction, there is also an option fee. This fee is negotiable, but typically ranges from 1 to 5 percent and is a one-time, non-refundable fee. This particular cost or fee allows you to purchase the home for the agreed-upon price. The option fee is normally added onto the home purchase, so you will not have to come up with any additional monies right away.
The standard rental term or period is three years, in most situations. However, as the renter or tenant, you can usually decide how long the rental portion of the program will be. Here, the point is to give yourself enough time to get your finances in order so that you can qualify for a mortgage or financing.
Since this is a rent-to-own situation, maintenance roles will need to be defined. As you may be aware, when renting a mobile home, most maintenance issues are not the tenant’s responsibility, whereas, when you purchase, then the upkeep falls to you. Unsurprisingly, this can make for a sticky situation when you are renting-to-own. Thus, you and the owner must come to some form of an agreement as to who will ultimately be responsible for the necessary repairs and upkeep. With a mobile home, however, the actual owner is still responsible for maintenance.
Monthly Payment Covers More than Rent
Your rent-to-own agreement should also clearly lay out what, or rather, how much of your monthly rent goes toward down payment savings. Often, a rent-to-own tenant will pay above-market rent so that at least 25 to 30 percent of the monies paid goes toward the down payment fund. That said, the money that is being set aside from your rent is rarely enough to cover a full down payment; thus, you should be saving up in addition to this. If you would prefer to negotiate for a higher percentage, that is up to you, but most people tend to stick to the 25 to 30 percent.
Applying For A Mortgage
Last but not least, once the rental period or term nears to a close, then it is time for you to apply for a mortgage or find financing. The good news here is that applying for a mortgage or financing is pretty straightforward. You will look to secure the standard funding and work with lenders in the area that typically finance mobile homes. Clearly, you should still shop around, if at all possible, and continue to save where you can.
If your rent-to-own mobile home is located in a mobile home community, then you will need to go over the standard park rules and regulations that apply to a regular in-park purchase. Likewise, it is important to remember that with a mobile home, you do not own the land that the house sits on, therefore, you will need to lease the lot or pay a lot rent. Ultimately, choosing a rent-to-own mobile home is a great way to get your foot in the door of your future home.
4 months ago ·Justin Becker ·Comments Off on Top 5 Mobile Homes for Rent in Cedar Springs
Mobile home living has countless benefits. Just ask anyone, the freedom, flexibility, and financial advantage alone make renting a mobile home something to consider. If you have found yourself thinking about mobile/manufactured home living, you are not alone.
Mobile/Manufactured homes are very much a part of the tiny house movement that has been gaining momentum since the mid to late 2000s. With that being said, if you live in Cedar Springs or would like to move to this fun little area of Michigan, we suggest you think long and hard about renting a mobile residence this time around—we promise you won’t regret it.
So, now that you are on board, you probably would like some direction, right? Well, the good news is you have come to the right place. Here is a brief synopsis of what it is like to live in Cedar Springs and a list of the top five mobile homes for rent in/around the city.
The Area of Cedar Springs
The town of Cedar Springs is an exciting place to live. You will find a true sense of community, a bustling downtown, a rich history, fun festivals, outdoor recreation activities galore, parks, and much more.
Besides the excitement and a wealth of entertainment options, Cedar Springs has a booming economy, a diverse population, numerous employment opportunities, and an overall low crime rate. Plus, this delightful town is only minutes away from wonderful cities like Grand Rapids, Muskegon, Coopersville, and Kentwood.
Mobile/manufactured home communities are robust in the Cedar Springs area. In fact, there are actually quite a few communities in this region that are absolutely worth considering. That said, there are a total of five must-see mobile home parks that should be at the top of your list.
To save you the trouble of figuring out which mobile parks are the best in the area of Cedar Springs, we have compiled the list for you. So, let’s countdown the city’s best mobile/manufactured parks and the top five mobile homes for rent in Cedar Springs.
- Cedarfield 55+ Community
Number five on the list is Cedarfield 55+ Community. As the name states, this is an age-restricted mobile/manufactured home park in Cedar Springs. Obviously, it is ideal for retirees, and those looking to enjoy life in a community setting of like minded individuals. This mobile park is number five because it has a lot to offer, even if it is only to a select few, or rather a specific age bracket.
There are generally several mobile homes for rent in the park at any given moment in time; thus, regardless of your budget, you should have no trouble finding a mobile home in this community.
Then again, if you are just looking for a location for your existing manufactured home, there are a handful of home/site lots worth checking out here. These available sites for rent are ranging from $425 to $535 a month. There is also a wealth of communal amenities at Cedarfield, including a clubhouse, a billiard room, a boat/RV storage area, off-street parking, and more.
- Timberline Estates
Coming in at number four is Timberline Estates. This mobile home park is located just outside of Cedar Springs in Coopersville. This lovely manufactured home community has a wealth of perks and amenities. Notable community features like tennis courts, basketball courts, playgrounds, a swimming pool, and a clubhouse make this park an excellent choice for growing families.
A Timberline Estates home worth considering is a sizable 2-bed/1-bath, 16×66’, 1,056 square foot contemporary manufactured residence. This beautiful residence has an open layout, all black appliances, including a dishwasher, walk-in closets, and more. This particular mobile home is available now for just $899 a month. This is just one of the available manufactured homes for rent, but it is definitely one of the top available mobile trailers in the area.
- Apple Carr Village
Number three on our list is Apple Carr Village. This particular manufactured home community is actually located closer to Muskegon, but still made it onto the list. The reason being that this cozy mobile park has a welcoming atmosphere, convenient access to nearby attractions, close proximity to great public schools, and, of course, who could forget the amenities. This family-friendly mobile park has recreational facilities, a pool, a clubhouse, a playground, and allows one pet per household.
A must-see manufactured home for rent at Apple Carr Village is a contemporary 3-bed/2-bath, 16×76’, 1,216 square foot, mobile home with all appliances included for only $799 a month. This residence has a modern layout, a dining room, a spacious living room, a private laundry room, a storage shed, and much more. Thus, if you do not mind the location being a little further out, then this manufactured home might just be for you.
- Pinebrook Village
Pinebrook Village holds down the number two spot, thanks to its ample amenities and newly built mobile homes for rent. Pinebrook Village is closer to Kentwood and Grand Rapids, which is just south of Cedar Springs.
Here, residents enjoy mid-luxury manufactured homes with full-sized appliances, custom kitchens with granite countertops, upscale bathrooms, and recessed lighting. Communal amenities are also quite fancy at Pinebrook Village and include features like a high-end clubhouse, a playground, neighborhood sidewalks, plus a nearby golf course and swimming pool.
A remarkable mobile home for rent here is the lovely 2-bed/1-bath, 24×56’, 1,344 square foot trailer for $1,249 a month. This home has a modern layout, custom kitchen and bathroom, a full-size washer/dryer, and off-street parking.
- Cedar Springs Mobile Estates
The top mobile home community in Cedar Springs is, unsurprisingly, Cedar Springs Mobile Estates. This fantastic community offers affordable luxury, unique layouts, and dozens of mobile home park perks.
These estates are centrally located, thus getting around this area of Michigan is never a problem. Moreover, this portable housing community is only minutes away from downtown Cedar Springs. Consequently, there is a wealth of entertainment, shopping, restaurants, and more just around the corner.
The community itself has great features and amenities, including recreational basketball courts, an overall quiet/peaceful atmosphere, and custom homes with various design options.
Cedar Springs Mobile Estates homes come in single or double-wide dimensions, offer 2 to 4 bedrooms, 1+ bathrooms, and anywhere from 1,000 to 2,500 square feet of living space. Here, Manufactured residences have custom oak kitchens, stone fireplaces, spa-like bathroom suites, and more.
Mobile homes are available for lease or purchase in this community, and pets are allowed. If you would like more information on the available manufactured homes for rent at Cedar Springs Mobile Estates, then you can stop by or call and schedule an appointment. It is safe to say that you will find the remaining top mobile homes for rent here.
Manufactured home living definitely is not what it used to be. Today’s mobile homes are spacious, high-end, energy-efficient, and offer tons of incredible features. Therefore, you should embrace the trend and save yourself the headache of having to get a 30-year mortgage.
Then again, maybe you have always been a die-hard apartment renter. Iif that is the case, step outside your comfort zone—not only do you get more living space, at a fraction of the price, but you also do not have to deal with being right on top of your loud neighbors.
Ultimately, the decision is yours to make. However, you really cannot go wrong with manufactured housing, especially if you are looking to rent or buy a manufactured home at Cedar Springs Mobile Estates.
5 months ago ·Justin Becker ·Comments Off on The Benefits of Living In A Mobile Home Community
So, you are looking at mobile home living and want to know a little more about what that entails. Well, you came to the right place. In general, purchasing or renting a mobile home is an excellent decision that benefits the whole family.
Since you are here, you have probably noticed that the tiny home movement is more than just a fad. People are seeing the benefits of affordable, mobile housing, and a minimalist lifestyle. Think about it, you get the best of both worlds—the flexibility of apartment living, with all the perks of home living.
Furthermore, with a mobile home, you have several options for where to park/place your new home. Of course, this is a bonus for those who like to move around a lot. However, if you are interested in putting down roots in a mobile home community, there are a few advantages to it. In fact, there at least eight benefits of living in a mobile home community.
Affordable, Quality Living
Being a part of a manufactured home district means you have access to a lot—amenities, open green spaces (playgrounds, dog parks, picnic/barbeque areas, etc.), and more. This is also ideal for growing families on a budget, ambitious millennials, or retirees on a fixed income.
At a mobile home community, you have access to houses with the latest in home design, modern layouts, and all the comfort of everyday home living—all within your budget. As a result, you can have a high quality, affordable, and customizable home, whether you are leasing or buying. Plus, you can enjoy your community, not worry about major repairs or regular maintenance, and still have a little extra money left over each month. Your utility costs tend to be lower as well since mobile homes have less square footage to power or heat.
More Privacy and Space
In addition to quality living that will not break the bank, mobile home districts offer you more privacy than you would get if you were living in an apartment complex. As great as apartment living can be, you still have shared walls, noisy neighbors, and common areas. This means you are likely privy to all your neighbors’ conversations, whether you like it or not.
In contrast, the amount of noise pollution is significantly reduced in a manufactured home community ie. you are not on top of your neighbor, and you do not have shared walls. Moreover, there is more living space available overall than your traditional apartment unit, so there is room to stretch your legs out, grill in your very own backyard, or detail your car.
Speaking of vehicles, if you have multiple vehicles or guests over, no one is fighting for a parking space. Overall, parking or lack thereof is not a problem in manufactured home communities, like it often is in apartment complexes.
A Sense of Community
There is also a sense of belonging that comes with living in a mobile home park. As people, we are social creatures who need to feel connected to others and a part of something bigger than ourselves. Thus, it is only natural to crave a sense of community anywhere you live. A person’s manufactured home tends to feel a little homier when they feel a part of a well-maintained and robust community. Clearly, manufactured home communities allow you to have more privacy without losing that much-needed connection with your neighbors and others within the area.
Rules and Regulations
Of course, it is not always smooth sailing with your neighbors. Yet, if you find yourself having an issue with one of your neighbors, there is generally a rule or regulation that will solve your problem without any conflict. For instance, if your neighbor throws loud or disrupted parties on a regular basis, then onsite management is there to step in on your behalf. With other housing situations, you need to file formal complaints and speak with someone regarding your neighbor’s disruptive behavior. In a mobile home community, management stays on top of issues like these to ensure that everyone can enjoy the community.
Freedom and Flexibility
Though there are regulations as to what you can do in your manufactured home park, that does not mean you do not have any freedom or flexibility. For instance, when it comes to interior décor or outside curb appeal, residents in these kinds of communities tend to have more of a say as to how things will look. So, if you have a rebellious teen who wants a black wall or you want to put a bed of flowers out front, you more than likely can.
What’s more, pet policies at mobile home parks tend to be a bit more inclusive, which is great if you have multiple family pets. Finally, renting a manufactured home means you have the look and feel of a house without a 30-year mortgage. As a result, you are free to roam without this type of financial restriction weighing you down.
Other amazing benefits of living in a mobile home community include the wealth of onsite amenities. Much like luxurious master-planned neighborhoods, mobile home parks offer their residents incredible communal perks. For example, many of these parks have playgrounds, splash pads, open outdoor spaces for pets, and picnic areas. Plus, some manufactured home communities even have onsite daycare, swimming pools, and much more.
Obviously, mobile home parks have come a long way. Today’s mobile parks/communities, as you can see, allow their residents to build more than just a home with all these perks.
Mobile home communities provide their residents with the opportunity to become homeowners while they rent the land their home sits on. Again, this allows for freedom and flexibility.
Another benefit is that you pay less or fewer taxes. In fact, when you choose to live in a mobile/manufactured home community, you are often not responsible for property taxes. Ask any homeowner, and they will tell you that property taxes are a thorn in their side; but the good news is you do not have to share in their pain as a mobile homeowner.
Welcoming Management Team and Efficient Maintenance Staff
Lastly, one of the main benefits of living in a mobile home community is its managers and staff’s dedication. You will likely find that mobile home parks prioritize the look and feel of the overall area. As a result, you will enjoy a well-maintained neighborhood and be able to take pride in its appearance/curb appeal.
Likewise, many parks offer 24-hour maintenance staff and emergency hotlines so that any issues or repairs can be taken care of ASAP. Some management teams even take it a step further and organize events for residents. The end result is everyone feels they are a part of an amazing, welcoming, and gorgeous-looking community.
Ultimately, thanks to these benefits, there has been an increase in the popularity of mobile home parks and communities across the country. The reality is people like feeling financially independent, but do not want to lose the small town community feel or the chance to own a home.
These manufactured home communities understand this; thus, they continually strive to make their communities everything a homeowner could ever need, and then some.
Don’t just take our word for it; there are likely a few amazing mobile home communities in your area. So, what are you waiting for exactly? Check out what these mobile home areas have to offer today!
6 months ago ·Justin Becker ·Comments Off on Why Cedar Springs Mobile Estates Has The Best Chattel Financing Options For Mobile Homes
If you want to become a homeowner, but cannot afford to purchase a traditional home, a mobile home may be a good solution for you. Mobile, or manufactured, homes are affordable living solutions that are built in factories. They can be placed in a mobile home park or on land that is leased. In this case, the owners typically rent the space, but own their home. Landowners can also purchase manufactured homes and place them on their land. Mobile homes are compact, affordable and high quality living solutions.
The majority of mobile home owners are between the ages of 18 and 29. They are also common among retirees. Manufactured homes allow these individuals to own a home and live independently. More than 17 million Americans lived in manufactured housing in 2015.
There are many different ways to purchase and own a mobile home, and this article will explain how it works. This article will explore the benefits of owning a mobile home, how to finance your mobile home, how chattel loans work and the best financing options in Michigan.
Benefits of a Mobile Home
Affordability is a huge advantage to buying a manufactured home. Purchasing a mobile home often allows you to own your home much quicker than purchasing a traditional home. They are a lower-cost per square foot, so you can get more for your money. The value of a manufactured home is what draws a lot of individuals to this housing option.
There is less commitment. Manufactured homes are not permanently located on any land. You can own land and utilize a mobile home even if you intend to build a house later. You can also lease or purchase a manufactured home on land owned by someone else. This flexibility cannot be achieved when building or buying a traditional house.
Manufactured homes are built in factory environments. This is a major benefit because weather does not delay construction, you do not have to work with subcontractors and they can be built to more consistent standards. The controlled environment means you know exactly what you are getting and protects you from costs that may arise during a traditional home build.
Types of Mobile Homes
- Single Wide: These mobile homes are the smallest option. They have a length of around 90 feet and a width of 18 feet or less. Single wide mobile homes are a good option for couples or singles.
- Double Wide: This type of mobile home is still 90 feet long but they have a width of 20 feet or more. Double wide units are often transported in two parts. A double wide mobile home may be right for you if you live with a family.
Cedar Springs Mobile Estate offers homes for lease and homes for sale. If you decide to purchase a manufactured home, you will save $100 to $300 per month compared to renting. The down payment is around the same amount as the move-in cost for a rental home. Lenders are happy to work with buyers at all income levels and credit scores. There are plenty of financing options. Purchasing a mobile home may be a more realistic goal than you once thought. Although mobile homes are more affordable than traditional housing, they still cost more than most people can pay out of pocket.
Ways to Finance a Mobile Home
- FHA Loans: This is a loan program through the Federal Housing Administration.
- Fannie Mae: For this type of loan, you must own the land the mobile home will be placed on. The title of the land will be collateral for financing.
- Freddie Mac: Mobile homes typically must be permanently affixed to land to qualify for this type of loan.
- Chattel Loans: This is a special type of personal property loan that can be used for mobile homes. You can use a chattel loan even if you do not own the land.
What is a Chattel Loan?
Chattel Loans are usually established for homes in manufactured home communities. The loan is made between a borrower and creditor made to purchase or refinance a manufactured home that is not permanently attached to land. While most home loans exclude manufactured or mobile homes, a chattel loan is specific to movable property. Mobile homes benefit from chattel mortgages, but other properties included are vehicles, airplanes, boats and farm equipment. With a chattel loan, you can purchase a manufactured or mobile home and typically pay less than you would spend on rent in the time it takes to own the home.
Benefits of a Chattel Loan
Monthly payments can be lower than a traditional mortgage, even though chattel loans often have a higher interest rate. Chattel loans usually have a significantly lower down payment than traditional mortgages, which correlates to the lower overall cost. Interest charged on a chattel loan is tax deductible. Mobile home buyers can use a chattel loan and move without interfering with the loan. If you purchase your manufactured home with a chattel loan, you can move the home. This might happen in a situation where the home is placed on leased land. Chattel loans often have shorter terms than a traditional mortgage, which allows you to pay off debt quicker and own your home.
How can I get a Chattel Loan?
An individual with a stable job and fair to poor credit is typically able to get a chattel loan. Lenders partnered with Cedar Springs Mobile Estates are available to help those with less desirable credit scores. They work with all income levels and credit scores to establish the best financing options for each individual circumstance. Cedar Springs Mobile Estates offer the best chattel financing options, as their partnered lenders know how to work with buyers from diverse financial backgrounds.
Cedar Springs Mobile Estates
If you are looking for an inexpensive home in Michigan, Cedar Springs Mobile Estates has a solution for you. With an average cost that is one-third of a traditionally built home, and reasonable pricing, these manufactured homes are perfect for new homeowners. Manufactured homes at Cedar Springs Mobile Estates range from 2 Bedroom/1 Bath single-wide homes to 4 Bedroom/2 Bath double-wide homes. The homes range in price from $5,000 to $35,000, and amenities include a pet-friendly community, stone fireplaces, oak kitchens, bathroom suites and basketball courts. There is a vast variety in style options, so you can find the right manufactured home for you. You can easily and quickly become a homeowner through Cedar Springs Mobile Estates’ associated lenders. There are also leasing options if you are not looking to purchase and own a home.
Being just twenty minutes from Grand Rapids, residents of Cedar Springs have access to plenty of amenities. The community is just a minute away from Downtown Cedar Springs and one mile away from the Muskegon exit off US-131. This allows for easy commutes to Grand Rapids or other areas. However, homes in Cedar Springs are much more affordable than those in Grand Rapids. Look no further than Cedar Springs Mobile Estates for an affordable and convenient community to live in.
Overall, manufactured homes are a convenient and affordable living solution for many types of people. Chattel loans are a simple way to work towards owning your home. Cedar Springs Mobile Estates offers buying and leasing options that are designed to work for many people, regardless of financial background. The manufactured homes for sale give you excellent value for your money. Get started on your pre-qualification form or application today.
6 months ago ·Justin Becker ·Comments Off on Should I Rent or Own A Mobile Home In Cedar Springs, Michigan
Michigan is full of seemingly sleepy little towns. If you take a closer look, you will see these towns offer a rich history and are actually bustling cities. Take Cedar Springs; this small Michigan city is located north of Grand Rapids and has a population of over 3,500 people. Here residents enjoy a wealth of job opportunities, wholesome neighborhoods, affordable housing options, excellent schools, outdoor recreation, and amazing attractions. Thus, deciding to put down roots in Cedar Springs is not only easy, but it is also smart—this is a great place to live, work, and play.
Cedar Springs does offer a small-town American vibe, but this city is also a part of the fourth largest county in Michigan; therefore, you have the best of both worlds. So, what are you waiting for? If you are considering purchasing or renting a mobile home in Cedar Springs, but need a little help deciding, we have got you covered. Here are the three vital things you should consider when looking for a mobile home, plus a few reasons you should either buy or rent a mobile home in Cedar Springs.
What To Consider When Looking For A Mobile Home
In general, when looking for a mobile home to buy or rent, you should be clear on three specific things—your budget, current lifestyle, and your future plans. Clearly, understanding your budget will help you determine if you can purchase a mobile home or if it’s better, given your financial situation, to rent. Remember, mobile homes are just like traditional homes. Therefore, you should expect to have a few monthly costs associated with upkeep, maintenance, and more. If adding a mortgage to that equation sends you into a panic, you might just be a renter.
Another critical component to consider is your current lifestyle. If you are working 24/7 or do not have time to handle repairs/other issues that will inevitably pop-up, then now might not be the right time to purchase a mobile home. The truth is most renters are not typically responsible for repairs and regular maintenance. If that sounds comforting, then you should rent. There is no shame in being honest about not wanting to mow the lawn, shovel the driveway, or repair the fridge. Besides, you already know which camp you belong to if just the thought of a broken water heater sends you and your finances into a tizzy.
Moreover, considering what the future may hold is essential when figuring out what type of housing commitment you can make. If you plan on traveling most months out of the year, want to start a family, or are contemplating a job that is 50 miles away, all these things need to be factored into your decision. Purchasing a mobile home might be the best option if you are looking to raise your growing family in Cedar Springs. That being said, if you plan to be always gone and never home, you might want to rent instead. Likewise, no one wants a 100-mile commute to work every day; renting will allow for more flexibility if you happen to find a fantastic job opportunity far from home.
Renting In Cedar Springs
Choosing to rent a mobile home in Cedar Springs is ideal if you are looking for lower upfront costs and more flexible relocation options. If you decide to rent, you do not have to pay property taxes or other significant expenses that come with buying a home, like a down payment or maintenance costs. Instead, as a renter, you only have to concern yourself with a security deposit, rent, renter’s insurance, and utilities. All of this makes renting a mobile home in a bustling city like Cedar Springs the obvious choice if you are not ready to put down/aside a significant amount of money to purchase your home.
Along those same lines, when you choose to rent, you typically have fixed long-term costs. As a result, you’ll be responsible for your standard utilities, but outside of that, there are no surprises when it comes to other non-rent related costs. In fact, the landlord or property management company generally handles the majority, if not all, of the other expenses. Think major repairs like a new roof, broken appliances, or plumbing and electrical issues—none of these are your responsibility as a renter. Thus, with a little certainty, it becomes much easier to budget and stick to it.
Yet another benefit of renting is you can move out with less red tape. As long as you are adhering to your lease terms, you can give proper notice and move to a new town or city. Clearly, it’s not that simple when you own a mobile home. In fact, a variety of arrangements need to be made including, finding a real estate agent, putting your home on the market, getting an appraisal/inspection, and generally selling your home before moving.
Buying In Cedar Springs
Purchasing a mobile home, on the other hand, affords slightly different benefits. For starters, when you buy, there is a certain amount of freedom that comes with owning a mobile home. This means you can remodel and decorate your home any way you see fit (paint rooms without worry about having to repaint, upgrade the kitchen, etc.). Of course, décor and renovations are often the fun parts of homeownership for many, so let’s get into some of the financial benefits.
When you buy a mobile home, you typically need financing or a mortgage loan. Financing typically comes with a down payment and interest, but there is an upside —you are able to expand your payment options. In other words, you have a variety of lenders to choose from, and you may even be entitled to incentives that will save you hundreds. Moreover, your mortgage payment is often less than what your monthly rent would be. Consequently, if you are looking to settle down in Cedar Springs and want to save money while creating equity, then say hello to homeownership.
Lastly, when you purchase your mobile home instead of renting, if you are like most people, you feel as though you are working towards something. Even if this mobile home is not your forever home, as a homeowner, you can choose to sell and make your money back or turn a profit during resale with improvements and upgrades. In contrast, if you decide not to sell, then you can keep your mobile home in the family for generations to come. Furthermore, having a mortgage means you are that much closer to owning property and have a steady living situation. Obviously, when you rent, you may not feel the same way or get that sense of satisfaction that comes from giving your all to something that’s just yours.
At the end of the day, opting to buy or rent is a personal decision that comes with a host of pros and cons. So, try not to get bogged down in your lists. Moving is already stressful enough without all the particulars. Ultimately, there is no wrong or right choice here. Instead, it is a matter of what will work and what works best. Therefore, you should stay focused on what you need and want out of your living situation. If you do that, you will have your answer in no time at all. Remember, you have already completed the first step—choosing where to live. So, whether you are a buyer or renter, Cedar Springs’ welcoming committee is ready for you.
6 months ago ·Justin Becker ·Comments Off on 8 Essential Mobile Home Features to Look for in Cedar Springs
Thinking of buying a mobile home in Cedar Springs, Michigan? If yes, you’re in good company. The popularity of these homes has been on the rise not only in Cedar Springs but also countrywide, with reportedly 20 million Americans owning one.
This surge in popularity is no surprise because the benefits of mobile homes run a wide gamut. For instance, they enable aspiring homeowners to afford a house at half the amount they’d have spent. However, they’re not a one-size-fits-all. That is why we put together a list of key mobile home features to look for in Cedar Springs.
1. The Underbelly or the Skirting
Unlike stick-built houses, mobile homes have no foundation. This makes them prone to damage caused by the elements. For instance, water pooling after heavy rains may damage the floor, resulting in rotting.
Fortunately, this doesn’t have to happen because most mobile homes feature what is called the skirting. It serves as a barrier between the floor and the bare ground, hence protects your home’s floor from damage. This makes the skirting an essential feature to consider while shopping for a mobile home in Cedar Springs.
With that said, check to ensure there are no tears or rips in the skirting. Also, ensure the vents on the skirting are at least three feet from each corner to prevent the formation of air pockets. This is essential because air pockets tend to create the perfect environment for mold and mildew to thrive.
2. The Floors
The floor is the foundation of an appealing interior design not only in mobile homes but also in traditional homes as well. While purchasing your unit, consider these elements in regards to flooring:
When buying a mobile home, you don’t just want to cut costs, you want a house you will be comfortable living in, and one you will proudly show off. In that light, since floors contribute significantly to the overall appeal of a home, opt for a manufactured home that not only has durable floors, but also has aesthetically pleasing ones.
At the same time, avoid flooring materials that soak up water such as MDF subfloors. Instead, opt for a mobile home that uses visually appealing, yet durable flooring material that can hold up well against water such as plywood.
How big do you want your space to be? A majority of mobile homes are usually between 900 and 2,500 feet. Whichever size suits you best, go for it and while at it, choose the right floor plan for your family.
The beauty of manufactured homes is that they are easily customized, and you can have the floor plan tailored to fit your expectations. For instance, if you have always admired homes with an open floor plan, you can always have the unit customized so it can be in sync with what you’d always envisioned in your dream home.
You can choose to purchase the unit and handle the customization process on your own, but if you purchase it from a reputed community like Cedar Springs Mobile Estates, they may offer to get the job done for you.
3. Quality Walls and Ceiling
Since you will be calling this home for as long as you want, then your manufactured home must have not only durable floors, but also durable and aesthetically-pleasing walls and ceiling. In the case of walls, opt for a unit with durable yet easily paintable materials such as Vinyl on Gypsum (VOG) or Paper on Gypsum (POG). Such materials enable you to combine durability and functionality with visual appeal.
As for the ceiling, it should blend in with the floors and walls to enhance the visual appearance of the space. Opt for a unit with an easily customizable ceiling, yet at the same time functional.
Nobody wants a leaky roof. It’s an inconveniencing nuisance, and as such, look for a mobile unit with quality roofing. Check the roof’s sealants, caulks, or patches to see if they’re in good condition. If not, be sure to notify the manufacturer.
When buying a mobile home, a shingled roof is always the best option. But if you opt for a flat metal roof, make sure it’s at least aluminum-based. While inspecting the roof, it’s also wise to check if it has eaves or a j-channel. These structures usually help direct rainwater off your home’s walls, doors and windows, and consequently, prevent water damage.
5. The Kitchen and Bathrooms
How many bathrooms do you want and how many does the unit the manufacturer is offering for sale have? If one or two are enough for your family, what features do they boast? For instance, a majority of mobile homes nowadays come with bathrooms that have features such as amazon rain showers and garden tubs.
As for the kitchen, check out features such as the countertops, sinks, cabinets, and space. Newer mobile homes incorporate modern kitchen features such as granite countertops and are pretty spacious. If the kitchen and bathrooms meet your expectations, you may not have to do any customization, which is an added plus.
6. The Plumbing Job
The last thing you want is to buy a manufactured home, only to find some of the faucets are not working. To avoid such a scenario, check every source of water in the unit to make sure it works right.
While still reviewing the plumbing job, keep in mind that the most common problem for mobile homeowners is usually with the ventilation system. This is because these houses usually have a simpler design and as such, smaller pipes. Therefore, be sure to check the ventilation to see if it works right.
It’s also wise to opt for a mobile home in Cedar Springs with heat tape, so you don’t have to deal with frozen water lines regularly.
7. Insulation and Energy Efficiency
A mobile home may help you cut the costs of homeownership in half, but if you consistently pay high energy bills, you may spend more than what you would have used to build a stick-built home. This makes insulation a critical feature to look for in a mobile home in Cedar Springs.
Check the insulation elements, for instance, the flashing and caulking around the areas that may allow heat to escape. These include the doors, the windows, the roof vents and even the plumbing pipes. If you note that the caulking is loose or thin, have your manufacturer do something about it before you call it home.
If you aim to be as energy-efficient as possible, consider requesting your manufacturer blow additional insulation into the ceiling cavity.
8. Extra Spaces
Extra space is one of the most sought after features in not only mobile homes, but also traditional units as well. The good news is that a majority of modern manufactured homes in Cedar Springs Mobile Estates now feature extra spaces.
For instance, some of the mobile houses nowadays come with a beautifully-crafted front porch, while others feature a large deck for grilling and lazy-lounging. Others offer you a car driveway and with some, you get a storage shed.
Wouldn’t it be nice to have a mobile home with such features? They open the possibility of having more guests over, or even keeping a pet. Therefore, be sure to consider this essential feature while shopping for a mobile home in Cedar Springs.
If you are going to buy a mobile home in Cedar Springs, then it should not only offer you value for your money but also should be comfortable for you and your loved ones. Checking the key features above will help you ensure you only purchase the best.
8 months ago ·Justin Becker ·Comments Off on Five Ways To Avoid Getting Coronavirus While Living In Your Mobile Home Community
The coronavirus pandemic has made it tough for residents of mobile home communities to stay safe and healthy. There’s the challenge of keeping your mobile home clean and disinfected as well as the reality that most mobile home communities have several homes in close proximity to each other.
Here are five ways to avoid getting the coronavirus when you live in a mobile home community:
- Social Distancing
Nowhere is this more important than in an area with a lot of people like a mobile home community. The Centers for Disease Control were quick to advise Americans to stay at least six feet apart from one another in order to avoid catching the virus.
That means being extra attentive if you’re out and about in your community, or even when leaving your home and coming back. Don’t gather in groups. If you see a fellow resident you know, just wave and keep moving. Now is not the time to be socializing.
- No Visitors
Social distancing and isolation can be tough to deal with. But in order to get everyone through this crisis, you can do your part by not having any visitors at this time, even family members. This will reduce the chance that you or fellow community residents might be infected by a visitor. Hopefully other residents will do the same thing.
- Avoid Common Areas
If your mobile home community has amenities such as a swimming pool, playground or a clubhouse, you should avoid them. Now is not the time to be taking advantage of those amenities, as you could be exposed to someone with the virus. By now, your community manager might have shut them down anyway.
These times can be challenging if you have children. If you can’t go to the playground or a nearby park, take them for a walk around your community, but observe social distancing.
- Be Cautious
If there are essential common areas, such as a mailbox area or even a laundry room, be cautious when using them. Try to avoid touching common surfaces. If that can’t be avoided, use caution and be creative when doing so. For instance, you can push open a door with your shoulder or hip. You can flip a switch with your elbow or wrist, or push a button with a knuckle.
If there is a common laundry room, be sure to adhere to social distancing rules. Hopefully the community manager has set a schedule so the room isn’t crowded and that everyone gets a fair shot at doing their laundry.
Never touch your face after touching common surfaces, especially if you aren’t wearing disposable gloves.
- Keep Your Home Clean And Disinfected
You can start by washing your hands often, with warm water and soap for at least 20 seconds. Be sure to do this before and after preparing meals and eating. Keep your kitchen and bathroom surfaces clean and disinfected.
1 year ago ·Justin Becker ·Comments Off on 7 Great Reasons Why You Should Buy A Mobile Home in Cedar Springs
Much has been said about the advantages in living in a mobile home in Cedar Springs MI. If you are renting a mobile home and now living comfortably in it, quite sure you are now considering buying one that you can call your own. If, for some reasons, you are still having doubts about buying, here are some more good reasons that could surely make you decide to own one real soon.