What is a manufactured home?
Manufactured homes, or commonly known as mobile homes or trailers, is a home that is constructed almost entirely in a factory. The house is placed on a supporting frame and transported to the building site or "manufactured home community"
A manufactured home can come in many different sizes and shapes. It may be a simple one-story "mobile home," or it can be so large and complex that you might not guess that it was constructed off site. For more information on other types of manufactured homes please visit:
How are manufactured homes built?
A manufactured home is built entirely inside a climate-controlled factory. In every factory, strict quality assurance and supervision of each step of the process ensures a well-constructed product that meets standards for quality, energy efficiency and durability. The first step in the process is the flooring, which is built in sections, each attached to a permanent chassis with its own wheels and secured for transport upon the home's completion. The flooring sections have heating, electrical and plumbing connections pre-installed before they are finished with laminate, tile or hardwood. Next, the walls are constructed on a flat level surface with insulation and interior Sheetrock before being lifted by crane into position and secured to the floor sections. The interior ceilings and roof struts are next, vapor sealed and secured to each section's wall frame before being shingled. Then, the exterior siding is added, along with the installation of doors and windows. Finally, interior finishing, such as sealing the drywall, is completed, along with fixture installation and finishing the electrical and plumbing connections.
Should I buy a manufactured home?
Manufactured housing is generally less expensive than site built and modular homes therefore offering a sound financial alternative to traditional home ownership, manufactured home communities offer the benefits of owning your own home with the convenience and amenities that come with being part of a community. Residents in Manufactured Home Communities own their home but lease the land on which the home is built, with one of the benefits being a much reduced cost of ownership.
How do I learn more about CAPREIT's manufactured home communities?
Becoming part of a CAPREIT MHC is an experience not to be missed. From park like settings to community events, free up the equity in your traditional freehold home and move to a land lease ownership model, you won't regret your decision.