HUD’s definition of Manufactured homes:

The definition given by the HUD for manufactured homes is now accepted as the appropriate definition of a mobile or trailer home and it is used as the correct term to describe such a property. The term mobile homes was discarded in the late 1980s and early 1990s in the wake of several changes being incorporated in the construction and architecture of manufactured homes such as covered porches and vaulted ceilings and the term mobile home was not adequate to describe the new homes being manufactured under the category. Present day manufactured homes offer lot of diversity in terms of the design, structure, architecture and features

How to Identify a HUD Home?

There is a distinct requirement for compliance with HUD codes that often works as the distinguishing factor for these homes. All HUD homes should have a steel undercarriage that is to be sued for transportation of the house to the land lot where it will be permanently installed. The home is then placed intact along with the undercarriage on steel piers of cinder blocks.

The different types of HUD homes:

Manufactured homes can vary in terms of their design and features and while some types of manufactured homes are very common there are also those that are seen rarely but are still HUD compliant. Manufactured homes are available in double sections, single sections and multiple sections such as 4 or 5 sections. They rarely have more that a single storey and even though two storied versions are produced they are very rare and are not available in most states.

The Features of HUD Homes:

The mobiles homes of two decades ago were a far cry from the present day manufactured homes which are loaded with amenities. There have been several advances in the manufactured homes industry and these have been passed on to the buyer in the form of several features that were simply impossible to include in the past. These amenities include: vaulted ceilings, dining rooms, fireplaces, state of the art appliances, hardwood floors and even skylights.

The considerations to own a HUD home:

HUD homes are the perfect housing option for people who own a plot of land with no restriction in reference to the construction of manufactured homes; these homes also present the perfect housing opportunity for people who would like to change their area of residence in the future. However, if you purchasing a manufactured home as an investment, you need to understand that the resale value of a manufactured home can be considerably lower than a new manufactured house. This is because these residential options are still deemed as vehicles and hence they undergo the same deterioration in value as any other automobile.

The Benefits of buying a HUD home:

There are several benefits of buying a HUD home that make them the ideal housing solutions for people in the lower income group and new families. Some of these benefits include the cost of the property which is considerably ore economical than a traditional permanent home. The average per square foot cost of a HUD home is just $35 to $65 while that of a permanent home can be several times more depending on the city and the area. Also, the steel under carriage is kept intact on these homes; which makes it possible to simply reattach the wheels and move the home to another area in the future.

Issues With HUD homes:

Compliance with the HUD code is one of the main issues that you may encounter; if you are buying a new HUD home, make sure that inquire about the compliance certification. If you are unsure about what should go in there, talk to a HUD code attorney who will be able to guide you along the right way. On the other hand, if you are purchasing a HUD foreclosure home or a used home, you may have to spend to upgrade the home to be complaint with the HUD Acts.

Author Bio: Seomul evans is a SEO consultant for Texas Hud Code Attorney and also write Free Articles

Category: Legal
Keywords: Legal, Law, Lawyers, Attorneys Lemon Laws