Posts tagged: property in dubai

When it comes to finding an assisted living facility or senior housing for an older adult, the decision maker is normally one of two people; the older person themselves, or a close family member, such as a son or daughter. The selection of a nursing home is one of the biggest decisions you can make, as it will probably serve as the last place an older family member will live. The adjustment is a big one; going from a normal home with all of the freedoms, privacy, and features to an assisted living center can be tough. The way to best sell your nursing home, though, is to try and make it as much like home as possible, by providing all of the amenities and entertainment features that an older adult might have had previously. One way many centers have elected to do this is by ordering a bulk DirecTV service for nursing homes.

First, what is bulk DirecTV? Such a service makes use of the programming offered by satellite television company DirecTV, but at a price that is more cost-effective for a facility with dozens of rooms to purchase. When a nursing home orders from a company that offers these bulk TV services, they’re able to pick out the specific channels they’d like to offer their residents, and can get each channel at a wholesale price per unit, as opposed to paying a traditional cable bill for each room to have access to the programming. Bulk DirecTV can also provide special features to organizations like nursing homes; for instance, special community information channels, music channels, and more. Depending on the company you work with, you could also gain some additional perks, like a DirecTV Upgrade system, which gives you the ability to add new channels for residents who request them, as well as an in-facility move theater setup.

This is just one step of a few you should take to make your nursing home feel as welcome and hospitable as possible to potential residents. Those who are considering their options for an assisted living facility will have many to choose from, and being the one that provides the most home-like experience and makes the transition as stress-free as possible for an older resident can benefit from doing so. If you provide the same television experience as a senior might have had in their original home, that could go a long way in having your facility be the one they choose.

With Michigan’s economy seemingly forever flagging the rest of the Nation, how to purchase foreclosed homes in Oakland County Michigan has been gaining interest among real estate investors.

There are several methods real estate investors can employ when deciding how to purchase foreclosed homes in Oakland Country Michigan.

We will discuss these here.

First, you can bid on a home when it is being auctioned off at the sheriff’s sale.

Here’s how this works.

When a homeowner misses 3 consecutive mortgage payments they will be in preforeclosure. At this point, their mortgage lender (bank) will pass their info to an attorney who will file the mortgage default information once a week for 4 weeks as public information in a paper called the Legal News.

28 days later, the home will be auctioned off at the local county courthouse steps to the highest bidder. So if you go to bid, you will be competing against other investors and also an agent for the bank, who will also bid on the home to make sure it doesn’t sell for a ridiculously low amount.

If the agent bidding on behalf of the bank wins, the property will be called an REO (Real Estate Owned). This is just a term used to denote a property that has gone through foreclosure and that was taken back by the bank.

Before you decide to learn how to purchase forclosed homes in Oakland County Michigan, you may also want to consider learning the short sale investment strategy.

This is a strategy in which you try to buy the defaulted mortgage note before the foreclosure auction.

Here’s how it works.

You contact the homeowner facing foreclosure and present yourself as an investor who may be able to help their situation. You’ll need the homeowner’s approval.

You will then contact the loss mitigation department of the homeowner’s lender and try to negotiate a discount on the defaulted mortgage. You will make the case for the homeowner’s hardship and why the homeowner will not be able to make payments on the mortgage. You will try to show how the property has flaws or other problems that will make the bank think about taking it back as an REO after the foreclosure auction.

If the bank accepts your short sale offer, you will basically create instant equity. For example, say the distressed homeowner owes $200k on the mortgage and that the home is worth only $195k. If you could negotiate a short sale for $150k, you’ve just created 45k in equity.

You will also be helping the distressed homeowner because they will get to avoid the foreclosure and the damage to their credit that this event would case. Of course, they’ll have to move out of the home since you will be the new owner, but they would have had to move out anyway if it went through foreclosure and the redemption period ended.

How to Purchase Forclosed homes in Oakland County Michigan

Another example of how to purchase foreclosed homes in Oakland County Michigan is to try to buy the property from the bank when it’s become an REO.

After the bank takes the home back after the foreclosure (assuming it is the highest bidder at the auction) they will now have a “non-performing asset” on their books. Banks don’t like non-performing assets for several reasons.

One reason is because the bank is in the business of lending money and making money on interest, not from holding real estate. Second, Federal Law requires that the bank have a certain amount of cash reserves on hand for every dollar of “non-performing asset.” This means that for every dollar of bad debt the bank has on its books, it has an opportunity cost in the form of “good money” that can’t be loaned out until that bad debt is eliminated.

In short, this costs the bank money.

Lastly, banks, being publicly traded entities, suffer when they have too much bad debt on their books. Their stock price suffers as a result. The faster banks unload their bad debt from the books, the better their stock prices will be.

So, if you can get a hold of REO lists, either through a mortgage broker, or through networking with other real estate investors, you can make offers on REO’s that banks hold. Some investors can pick up REO properties from banks for 40 to 50 cents on the dollar.

In summary, being an educated real estate investor on how to purchase forclosed homes in Oakland County Michigan can lead to big profits.

In the past decade home sales have gradually become a buyer’s market. Although this is good news for the buyer, it is becoming somewhat of a nightmare for those who are trying to sell their home. Because of this, sellers often have to dramatically drop the price of their homes in order to make the sale, resulting in huge losses. However, there are ways of increasing the chances of making the sale without the seller having to take a big loss. The following will be a list of seven tips for successfully selling a home in a slow market.

1) Appearance is key- When looking to buy a home a buyer will naturally gravitate to houses that have a nice appearance. Fixer-uppers are not as popular as they once were. The first thing that a seller should do is to fix anything that may catch the eye of a potential buyer. For instance, the yard should look immaculate at all times. If the gutters on the house are drooping, that will be the first thing people will notice. If there is chipped paint on the house, paint it. It is worth the money to stage your property for curb appeal.

2) Be flexible- Be prepared to make yourself scarce on weekends if needed for the realtor to show the house. Keep things tidy at all times for any last minute appointments made by perspective buyers. Try not to limit the times that you are willing to provide access to the home.

3) Keep the home at market price- If you are stuck in the mind-frame of making big dollars from the sale of your home, chances are your house will be on the market for years. The best way to drive away potential buyers is to put the house up for sale above market value. Keeping the house for sale at a reasonable market price means that there will be more interest in coming to an open house, therefore bettering your chances of making the sale. It is a well-known fact by realtors that if the price is right, there is a buyer out there for every house.

4) Find an agent with an extensive sales track record in your town- A good realtor will know exactly how to determine fair market price for your home. He should also have a record of being able to sell a home within three or four months. A realtor that is experienced in selling property in your particular neighborhood will be able to take you through the process efficiently and in a timely manner. If you have a realtor who doesn’t have many years of experience, this will waste valuable time and money while he is still working on perfecting his craft.

5) Give the home have a warm and welcoming feel- If the walls in your home are painted in vibrant colors tone them down with neutral shades of tan and beige. This will allow perspective buyers to picture their own furniture in the home without distraction. Set the mood with lightly scented candles in the bedrooms and bathrooms. Soft calming music in the background will give the buyer a relaxed comfortable feeling. Buy new linens for the beds and throw pillows for the sofas. Give your home that “homey” feeling that everyone is looking for.

6) Do your research- Go to open houses and check out the other houses that are on the market in your area. See what they have to offer a potential buyer. If they have a cozy seating area in the master bedroom, create your own cozy seating area to entice those potential buyers. You would be surprised at the things you can do with just a few over-sized throw pillows and a window with a view. Gather ideas from other houses and use your imagination for the rest.

7) Offer incentives to potential buyers- When a buyer is interested in purchasing your home but wants you to come down on the price, try using other incentives instead. For instance, you may want to offer to pay the buyer closing costs. This is always tempting to buyers since it will save them money, allowing them to have more money for a down payment. Some sellers choose to throw in appliances such as the refrigerator, dishwasher or washer/dryer.

In a buyer’s market, the seller has the task of being inventive in finding a way of moving his property. Making the sale is not always a piece of cake, but with a bit of effort, it can still be done quite successfully.

Senior citizens need love, care and attention just as a child requires. But, due to some unavoidable conditions, it becomes difficult for the family members to make adjustments amongst themselves. Also, caring for the elderly is a bit tricky. They need medical professionals and nursing care round the clock depending upon their physical state. Fortunately, there are elder care homes that provide care and protection to senior citizens who are vulnerable and need help. Some of the important senior care services are:

Nursing facility: Some senior citizen homes are provided with intensive nursing care professionals who are ideal option for highly dependent patients. People suffering from acute dementia, Alzheimer’s disease or critical ailments require 24 by 7 support. Nursing facilities of such kind are, sometimes, not possible to attain at home. Thus, these senior citizen homes are good option for keeping highly dependent elderly people.

Assisted living: With the growing age, people are not able to do all of their daily chores, especially those related to outdoors, on their own. They need help in buying groceries or for carrying out the banking procedures. Public dealings of various kinds require agility of mind which fades away with age. Thus, residences with assisted living facility help elder citizen live on their own and also provide assistance wherever required.

Independent living: There comes a stage in life when the people who have just retired from the job feel like giving complete time to themselves. They do not feel like staying bonded or burdened with family responsibilities. The period of life after job is the time when they can pursue what they actually loved but could not do so due to family obligations. So, for such group of people, there is an option of independent living too. Separate apartments, fully furnished in all possible ways, with home assistants are designed to suit the lifestyle of elderly people and on a meager rent, senior citizens can choose to stay there for as much time as desired.

Care at home: Some NGOs or care for senior citizens have designed programs to provide health care assistance to those elderly people who need assistance at home. Not all people are interested in moving out of their houses at old age. They love the familiar environment of home and prefer staying among the memories they built there over the years. Also, moving to new residence is something they cannot afford too, due to poor health or financial restrictions. Thus, senior care services at home are ideal solution for such elderly people.

Everybody can do their bit by contributing to any of the causes related to senior citizens care. They can contribute to the building expense of the health care home for elderly, or sponsor the assisted living program of any such needy person.

Health care programs for elderly require volunteers, professionals, and resources. Some donors may also choose to provide their services free of cost, or sponsor food and medicines for the residents of health care homes. All of these options are sure to earn you lot of mental peace as well as tax benefits.

As the temperature drops, problems arise especially to those living in log homes. Before the snow flies, make sure to inspect the condition of your logs. Pay attention to the areas of your home that are subject to splashing or accumulation of heavy snow.

Take the following pieces of advice to maintain your log homes cozy and energy – efficient during winter.

* Know your maintenance duties to deal with before winter starts

Inspect the chinked joints of your log homes. Pay special attention to seals at corners and in vulnerable locations close to the ground, where rain or snow from previous winters may have weathered or loosened the sealant. If the sealant is damaged, pull it off and replace it.

Sometimes, what you only need is touch up gaps. In other instances, you might have to remove the sealant and replace it. Never add new sealant on top of the old, loose materials because this will only join the old one allowing air and water in your log wall.

Spray your log walls with a garden hose to determine if the wood preservative has been compromised. If water beads and runs off, they’re ok. If the wood darkens and stays damp – or you find gray or black splotches on the logs – its time to reapply a preservative.

Give your gutters a thorough cleaning, and make sure downspouts are free to carry water away from your home. Position splash blocks so water can’t reach the logs. Trim shrubs and don’t forget to rake leaves – they absorb moisture like a sponge and create conditions favorable to wood rot.

Call a professional to checkup your heating system thoroughly. Make sure that the furnaces, boilers and heat pumps are in good condition and do not forget to replace the filters. Check the fireplace chimneys if there are birds or chipmunks nesting there. Install a damper in the flue.
Examine the window glass seals and check if they’re carefully intact. Look if the area between the double – pane windows is clear and not cloudy.

* Prevent critters from hollowing up your log homes

Do not just sit there and wait for the critters. Remember the medical saying that it is always important to prevent than cure? This is also true to our case during winter season. So, get up and look for any opening in your roof which can allow critters to enter. Make sure to cover up the soft ball – size openings by heavy gauge wire mesh. Do not use light window screens because these can be easily chewed by these not so friendly creatures. Remember to check the crawlspaces that can provide entry to chipmunks, mice, squirrels and the like. After all, they are tenants during winter that do not pay rent at all.

* Avoid the formation of ice dams in your roof

When moist air inside your log homes settles underneath your roof, snow on top of it will melt; thus, ice dams form. The said melted water runs down the roof until it hits the overhung unheated roof and freezes. The ice tends to accumulate and forms a dam in that part of your roof and a fabulous ice sculpture will be formed. However, your problem will start here because this ice formation can destroy your gutters and create leaks into your roofs.

But don’t panic. You can still do something about it. If you log home has an attic, always inspect it regularly to make sure that the insulation layer is intact. Just in case you’re just on the planning stage of having a log home, you still have the chance to prevent this worse scenario. Involve yourself in the construction part of building your homes. Be sure that the workers will install vapor and insulation barriers to prevent having ice dams.

* Make sure window glass seals are intact

Create a seal that stops air and water as close to the surface as possible. Keep water from getting behind the trim. If you prefer to have the caulk seal visible around the window and door trim, remove the trim and seal behind it before replacing. But remember that exposed cavities between logs and trims provide habitat for the insects during warm weather. Thus, make sure your window glass seals are intact. If there is cloudiness in between the double – pane windows, that means the seal has been broken. Call a window manufacturer or window company to replace the glass units.

* Check your wood burning place

During winter, everyone loves to sit in front of the roaring blaze set in the fireplace. If you don’t want to spoil your ultimate time to warm your body, get ready for the winter. Install glass doors to prevent the warm air to go out.

Consider the installation of dampers to the chimneys. When the fireplace is not in use, cold air settles in the chimney and flows through the damper back inside your home. A top damper seated on the op of the chimney and prevents the water and air to come in.

These are just some of the tips we can check out when the winter season comes. This will definitely ensure the safety and comfort of the log home owners.

Earthbag building (sometimes called sandbag building) is surely one of the lowest cost, most practical building methods. First used by the military for building durable, bullet and blast resistant structures, this building method has recently experienced a surge of interest among do-it-yourself builders. There are now an estimated 1,000 to 1,500 earthbag structures, including homes, offices, shops, schools, temples, clinics, orphanages and even ecovillages.

One of the strongest selling points is affordability. A simple earthbag dome, for example, using recycled grain bags and earth can be built for around $100. A larger, more comfortable home can be built for around $500-$1000. The EarthDome House at Terrasante Village in Tucson, Arizona is just one example.

Earthbags are ideal for owner-builders. The necessary skills for each step of construction can be learned in a few minutes. It boils down to simply filling bags with an appropriate fill material (typically subsoil or gravel) and tamping them solid. It doesn’t get much simpler than that. Also, few tools are required – shovels, buckets, garden hose. The few additional tools needed (tamper, slider) can be made cheaply and easily.

Earthbag buildings are sustainable since they are made primarily of earth from or near the building site. Earthbag domes do not require wood, thereby reducing pressure on our forests. Expensive concrete foundations are not required if you use gravel-filled bags. In addition, these structures are safe, quiet, nontoxic, rodent proof, and fire, hurricane and flood resistant.

Energy efficiency is another strong plus in favor of building with bags. The massive earth walls stabilize interior temperatures in hot climates. In cold and hot climates, earthbags can be filled with an insulating material, such as lava rock, pumice, vermiculite or perlite. Some builders are experimenting with rice hulls for insulation, which are often free for the taking. In general, lightweight insulating materials (such as those just mentioned) require far less labor than those of tamped earth and provide comfort through the harshest winters or hottest summers.

Earthbags can also be used to create underground (root/storm cellars, etc.) or earth-bermed structures, privacy and retaining walls, planters, furniture (built-in benches, etc.), and many other uses. Earthbags are very adaptable and work just as well for domes as they do for structures with vertical walls. They also excel at creating free-form, curving structures.

As earthbag building grows by leaps and bounds, NGOs and other organizations are exploring their use for emergency shelters. Millions of victims of wars and natural disasters need low cost housing and temporary shelter. More durable than tarps and more comfortable than tents, earthbags work perfectly since even unskilled workers can build their own shelters – all without destroying local resources.

It is a great thing that people are becoming highly concerned about the environment and the planet. There are stringent efforts taken by people to take care of the planet in all aspects. With the increased awareness about the environment, people have started focusing on reducing the carbon footprint that actually ruins the environment.

One major way to reduce the carbon footprint and take care of the Earth is through recycling. There are many materials that can be recycled such as paper, glass, metals and plastic. When it comes to the construction industry, using the shipping containers for building is the best way to save the environment.

Numerous cargo ship containers can be found abandoned in shipyards but these can still be used in a great way. Many people have opted for this growing trend as it is possible to recycle these containers and transform them into great looking homes. Well, here is a guide that details the environmental benefits of the shipping container enclosures.

Recycling Intermodal Shipping Containers

Shipping containers are designed to be durable and long lasting. And, during their lifespan, these containers travel several thousands of miles across the world. When the shipping container owner maintains them well, it is possible to make them last for even a decade. But as we live in a disposable society, people trend to replace old things when they buy new ones. This applies to the shipping containers as well.

As there are numerous shipping containers up for sale, it is possible to recycle them and use them for various purposes. One best way to give life to these is by building container homes. These homes offer several benefits such as,

1. Environment friendly
2. Unique looks
3. Functional and flexible
4. Affordable
5. Durable

Shipping Container Enclosures are Like Building Blocks

Designing an environment friendly home is possible with the use of shipping containers. These container enclosures are considered to be building blocks that are stacked together similar to the building blocks that children play with. These can be stacked either side by side or one on top of the other as per the requirement. It is possible to build a custom living space by creating large open rooms. This is possible to achieve by placing the containers side by side and taking off the internal walls.

Besides being restricted to homes, the shipping containers can be used for container site office structures as well. It is possible to weld the containers together to create a multiple story structure that is sturdy. People can create bespoke homes that are unique and eco-friendly with shipping containers.

Container Enclosures Use Less Cement and Concrete

The process of manufacturing cement and concrete is harmful to the environment. So, using recycled shipping containers to build a structure is definitely environment friendly. It is still important to use concrete but it will be used only to lay the foundation, which causes less harm. The amount of concrete depends on the size and structure of the building. If it is a taller building, then it will require more foundation to support its overall weight.

Reduced Carbon Footprint is No More a Dream

In addition to building shipping container enclosures using recycled containers, it is also possible to reduce the carbon footprint by incorporating other such recycled products. In tropical climates, wooden shingles made using sustainable sources or recycled materials can be used to cover the exterior of the building. Even plants with large bushes or trees can be used to give shade to the building from the sunny climate.

Adding an external roof in order to provide shade is also a feasible option. This can be done by installing solar panels to reduce the energy consumption. Though solar panels aren’t sufficient to generate all the power that is needed, it can be used to power some appliances, which will reduce the use of electricity at least to a specific level. Some of the notably things that can help in achieving an eco-friendly home are,

1. Rainwater harvesting
2. Recycling bins
3. Compost heap
4. Vegetable and fruit garden

Get Enough Space for a Garden

Eco-friendly homes constructed using recycled shipping containers help in creating enough space for a garden that can grow vegetables and fruits. The organic waste that is disposed of can be placed on the compost heap, which fertilizes the garden. It is also possible to collect the rainwater and use the same to water the garden. If everyone makes the effort to create a garden in your home, it is possible to achieve a greener Earth.

Affordable Homes

An eco-friendly container enclosure made out of recycled shipping containers will definitely be great. In addition to being environment friendly, such homes are also affordable as these are built using recycled and reused materials. And, the overall carbon footprint is also lowered as such homes will be installed with solar panels and high-quality insulation.

Faster and Easier to Build

When it comes to construction of container enclosures, time will not be a major concern as such structures are easier and faster to build. It would not take a long time to construct shipping container homes and container site office structures as there is minimal effort needed to raise such structures.

Though there are many environmental advantages associated with such homes, these are not perfect ones. One major downside is that these homes are considered to be temporary shelters by many people. As the containers are not too spacious, it will result in less free space for the occupants. The notable aspect is that these container homes need expensive steel reinforcements when they are stacked together.

Why go through a realtor to sell your home when you can sell it yourself and save thousands of dollars? When you use a realtor to sell your home, you must pay real estate brokerage fees. Instead of paying these fees to someone else you can sell for sale by owner and put these thousands of dollars into your pocket instead of someone else’s.

The major reason that people don’t sell their homes themselves is because they do not have the time and patience it takes to sell the home. Home sellers find themselves racing for the phone every time it rings because they don’t want to miss out on a deal. Selling real estate in Florida can be made easier through use of a for sale by owner, FSBO, website.

How many people do you think will see the for sale by owner ad in your local newspaper? Your ad might reach a hundred possibly a thousand readers, some of which may not be interested in purchasing a home. By posting your home on a FBSO site, your ad reaches thousands of people that ordinarily it wouldn’t reach. The extra exposure increases your chances of selling your home.

Too often for sale by owner homes stay on the market for weeks and even months without a single offer. Perhaps the biggest cause of this is a lack of visibility. If people don’t know your home is for sale, they won’t know to make an offer on it.

Home buyers are increasingly using the internet as their means for purchasing real estate. This creates the perfect opportunity for home buyers to take advantage of the internet for selling their homes. Listing your home on a FSBO site enables you to sell your home quicker than other kinds of real estate listings.

Prefab houses should not be classified as mobile homes. This is a common myth. As more people learn the truth about modern prefab homes, they are becoming more popular. These beautiful and customizable homes are affordable, environmentally friendly, and very easy to build.

Prefabricated houses are homes that are built predominantly off site. A homeowner chooses a floor plan and the panels are then assembled. Once assembled, they are shipped to the building site. The construction crew will then assemble the panels and build the home. Since there is less to build on site, the home is built significantly faster than a standard construction home.

A lot of people like the fact that they can get a home built faster. When there is a particular plot of land that is desired, it can be time consuming to wait for an architect to design the home, hire the construction crew and build the home from the ground up. With prefab homes, things are different. The homes can be chosen from a wide array of models in a catalog. Then the pieces are shipped to the site, leaving assembly as the only thing really left to be done.

The less construction is done on the site, the less labor is typically required which reduces costs. Depending on the model, the materials, and the location of the home, it is possible for homeowners to save about 20% off of a new construction home. In today’s economy, many people are watching their budget so this is a great option for those who want a custom built home that is more affordable than a site built home.

Home buyers are beginning to learn more and more about prefabricated homes. Standard home builders can be limited in their offerings. They build within a specific community and offer three or four models to choose from. There are often no options to make changes to the sizes of the rooms, the total square footage or anything else.

Many people don’t want a “cookie cutter” home. Modern prefab homes can be easily customized. Since the premise of this style of home is the assembly of panels, the panels can be adjusted based on the desires of the homeowner. If someone wants a larger kitchen, a larger garage or even a different sized living room, it’s possible to get this.

Homeowners are able to work with a building specialist at the prefabricated home company. Once a basic floor plan is established, adjustments can be made. Then the floor plan will be sent to the production team that will begin creating the different panels. Those will then be shipped and assembled on site.

Modern prefab houses are hardly what anyone would consider a mobile houses. While in the very basic sense they can become a mobile home, they are not the same. They are stronger, more customizable, and more attractive. Stone, stucco and brick can be added to the outside of any prefabricated home. This adds a custom look that creates something unique for the homeowner.

Everyone wants to be able to obtain their dream home. The problem is that traditionally constructed homes are often very limited in their offerings. Even if you find a site constructed home that has everything you want, they are often expensive and without customization options. With the prefabricated homes on the market today, it’s no surprise they are becoming more and more popular. Today’s homeowner demands more, and prefab homes deliver.

Everyone has dreamed of owning their dream house. A place they can call your own. It’s a place of sanctuary to shelter you and your family. Manufactured homes have always been a good option. Putting your money into it is worth while, although, a lot of people are still unsure whether to purchase one.

Factory built houses come in all shapes and sizes. They come in various floorings and fashion that it is easy to find one that will suit your taste. Aside from being way cheaper than houses constructed right on the location, these homes also give you a chance to design your home. Ranging from $20,000 – $100,000, they are ready for transfer to any location you’d want your house to be set.

A Factory Built Home: What is it?

Also known as a prefabricated house, manufactured homes are units of houses constructed in a huge factory. After purchasing, it is then dragged to the site where it can be put ready for transfer to another location or mounted on the ground through masonry groundwork.

Prefabricated homes are constructed upon certain set of codes which administers mobility, fire safety, effectiveness, style and sturdiness. All of these sets of guidelines are closely monitored by the US Department of Housing and Urban Development (HUD). The same set of guidelines also manages the electrical, heating and plumbing systems.

The Basics About Prefabricated Homes

Here are some of the things that you need to know about manufactured or prefabricated homes.

• They are houses built in large factories.
• After they are constructed from the factories, they are wheeled to the chosen site for the house. It is done by transporting the whole house one portion after the other.
• Prefabricated home cost less than the houses constructed right on the site.
• They are used to be regarded as mobile or trailer houses. They come in many designs.
• They are constructed under the guidelines set by the HUD or the US Department of Housing and Urban Development (HUD).
• After transferring the house’s portions in the site, they are put into pieces.
• Its market value depreciates as time goes by.

So, now that you have the basic knowledge about what a factory built home is, I guess you can clear up your mind and start weighing things. Buying a house is really a good investment of your hard-earned money and considering the given details about prefabricated homes, counting it as an option is not a bad idea after all.