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Got sticker shock looking at a home to buy?

Take a fresh look at a manufactured homes

Got sticker shock looking at a home to buy?
According to the Manufactured Housing Institute, a newly constructed site-built home costs $119 per square foot (excluding land) but the average cost of producing a manufactured home is $57 per square foot. (Hames Homes)

Residential home prices in Cedar Rapids increased 7% to 9% over the past year. But, according to the Manufactured Housing Institute, a newly constructed site-built home costs $119 per square foot (excluding land) but the average cost of producing a manufactured home is $57 per square foot.

Simply put, manufactured homes are built with the same materials as site-built homes. That means you’ll find a shingled roof, vinyl siding and the same insulation, appliances and finishes as a site-built home. Because each home is constructed inside a production facility, there is a greater production efficiency and less waste, making them less expensive to build.

In fact, a manufactured home is an earth-friendly approach to green construction, using sustainable and efficient construction methods. It’s estimated that 80% of the cost of a manufactured home goes toward building materials, with 20% toward labor. For a site-built home, the estimate is more like 50% of the cost going toward materials and 50% for labor. Buying a manufactured home, those savings are passed along to you.

Manufactured homes have come a long way over the last half century. It’s important to call them manufactured homes, not mobile homes or trailers, because “a mobile home hasn’t been built since 1976,” said Barbara Hames, president of Hames Homes. “When the Housing and Urban Development legislation passed in the ’70s, they upgraded the standards for how manufactured homes were to be built and installed,” she said. “Since then, they’ve been manufactured homes.”

Hames - The Homes People ® includes two manufactured home communities in southwest Cedar Rapids: Grand View and Summit View. “Between our two communities, there are about 2,000 people living there,” said Barbara Hames, president of Hames Homes. “It’s a total of about 860 households. If our communities were a town, it would be bigger than 80 percent of the towns in Iowa,” she said.

And Hames is growing – they’re currently building 60 spacious home sites in southwest Cedar Rapids to place new manufactured homes.

Hames Homes

5410 Wabash St. SW, Cedar Rapids, IA 52404

319-377-4863

hameshomes.com