This is what you need to know before

from The Power Is Now Magazine | April, 2021

New report highlights housing

THIS IS WHAT YOU NEED TO KNOW BEFORE BUYING A MANUFACTURED HOME IN MARYLAND

Emerick A. Peace

When you watch an amazon weaverbird fix its nest, you are impressed by the agility employed to arrive at the finished product. The art and craft involved in the weaverbird’s home building from scratch require massive toil and lengthy hours. However, every great act can be made greater. The thought of a readily woven nest for the weaverbird could be a mountain of fiction in the jungle, but the reality of a ‘manufactured home’ for humans is alive with us. A manufactured or mobile home is built and assembled in a factory before it is wheeled and installed at the chosen site.

Whether in the suburbs of Baltimore, along the Chesapeake Bay urban watersheds or deep into the interior of Maryland in the woody and mountainous ranges, here is what you need to know before buying a manufactured home in Maryland.

You require land or a home lot

Let’s momentarily rephrase the matter at hand. You have a manufactured home; where will you anchor or have it placed within Maryland? That is the home lot. Upon resolution, you must decide whether to buy the piece of land or enter a lease for it. Once the specific location is established, determine the land ownership conditions and attendant procedures covenants and legal issues. A good example is that some neighborhoods in Maryland are age-restricted. Apart from zoning, it is important to consider septic, electrical and building permit regulations. The choice of location and soil valuation is significant because Maryland does permit individuals to turn manufactured homes into real property if they own the house and the parcel of land it sits on. Other important issues about location include transport network, available local amenities, utilities, septic and land appreciation potential in the chosen areas.

Decide on the model and dealer

The desired home size is calculated in square feet and you can choose a vendor from a retailer, a real estate agent or the owner. Look out for the single, double and even triple floor plans and choose your preference. In most cases of a new manufactured home, the dealer should handle the required paperwork to ensure you have everything in order. The Manufactured Housing Institute of Maryland www.mhiofmd.com is the first stop for all licensed dealers’ information and a catalogue of all requirements and considerations. Manufacturers also offer warranties. You must study what it covers beyond the basic structure.

The ultimate cost of settling in a manufactured home will rise incrementally beyond any dealer’s basic price for the square feet structure. Hence, the budget should include the land purchase or lease, transport and installation, and other peripheral expenses such as local utilities and amenities within the host community. The cost of installation sometimes includes the construction of a permanent foundation.

Funding options

Most manufactured home dealers have a working relationship with a lender they can recommend to the home buyer. The other factors of creditworthiness will follow. It is worth noting that chattel loans, which are a leading source of funding for manufactured mobile homes, normally have higher interest rates. If you require normal mortgage loans, the manufactured home should have a permanent foundation.

Fixing the paperwork

When all is done and folded, make your manufactured home legal within the provisions of Maryland State. According to Maryland laws, such homes if they are above 35 feet are not subject to the inspection, titling, or registration laws. However, they may be titled, and state retail sales tax must be paid. All the required documentation can be done at the nearest local DMV office. Manufacturers also offer warranties. You must study what it covers beyond the basic structure such as plumbing, electrical systems and the period. Get all the paperwork right.

Voila! If you want to escape the rigorous labors of a weaver bird building a nest, the ‘manufactured home’ is the way to go. And now you know how to procure one, the Maryland way.

Work cited.

https://mobilehomeliving.org/keep-mind-buying-mobile-homemaryland/ https://www.nerdwallet.com/article/mortgages/buying-amanufactured-home https://www.northroprealty.com/blog/what-to-know-beforebuying-land-in-maryland.html