Frequently Asked Questions FAQs
Kodiak Property Management provides manufactured homes available for purchase and rent, offering affordable housing solutions in first-rate communities for individuals, families, and retirees alike.
If you are leasing from us, you can move into your new home within just a few days! Since each individuals financial situation is a little bit different, if you are purchasing, this could take anywhere from 1 week to 3 weeks from start to finish. Again, this is dependent on lender conditions and processing.
Manufactured homes are factory-built, in a controlled environment, free from any weather damage, and regulated in the United States by the Code of Federal Regulations 24 CFR 3280. Manufacturers build the houses on a permanent steel chassis to assure the initial and continued transportation ability of the home. They are placed on-site on piers, masonry crawlspace, or poured concrete foundations and generally remain in one place during their lifetime. The wheels and hitch tongues used to transport the house are removed once the unit is in place. Manufactured homes must conform to the HUD code.
Usually, the quality of manufactured homes is as good as or even better than traditionally-built homes. These homes are built in a factory setting under very intense control according to the HUD code. Recent studies by the Federal Housing Finance Agency show manufactured homes do retain value in a very similar fashion to site-built homes.
Properly installed manufactured homes are as safe as traditional homes during a storm, and in hurricane zones, the standards for manufactured homes are more stringent than regional and national building codes for site-built homes.
Yes, as a homeowner, you can relocate your manufactured home if it is not permanently set on site.
Yes, the biggest difference is that loans for mobile and manufactured homes are only for the home itself, not the land it sits upon. The community owns the land and leases it to homeowners.
These loans are called chattel loans, it’s a home-only loan and is technically not a real estate loan. It’s a personal property loan and is also available if you already own the land and need to borrow money to buy the physical home.
Manufactured homes are so affordable because they are mass-produced and built on an assembly line system. Therefore, they are most cost-effective and more affordable.