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Investing in a Manufactured Home: A Guide

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Investing in a Manufactured Home: A Guide

In 2021, approximately 6.12 million homes were sold. While many, possibly even most, of those homes went to individual buyers who planned to live in them, some went to real estate investors.

Some of those investors will simply keep the property until they can sell it for a profit. Others will turn them into rental properties.

Yet, buying a traditional 2500-square-foot home isn’t the only method of investing in homes. You can also invest in manufactured homes.

Not sure what that means for your potential future investments? Keep reading for the essentials you need to know about manufactured home investments.

What Are Manufactured Homes?

Odds are good that the term you’ve heard tossed around is mobile home or trailer. While many people use the terms mobile home and manufactured home as effectively the same thing, they aren’t.

The Department of Housing and Urban Development got serious about building codes and safety for mobile homes in the mid-1970s. Mobile homes are the homes built prior to those new building codes. The ones built after the changes are manufactured homes that meet the requirements.

In simplest terms, a manufactured home is one built to completion or near completion in a factory. Then, it’s shipped to wherever the owner has the land and zoning to put it.

Benefits for Investors

Manufactured homes offer several key benefits for investors. Right at the top of the list is the cost of purchase. While a traditional house might cost $300,000 to $400,000, a manufactured home typically goes for around $111,000.

That means you can get three manufactured homes for the cost of a single house. With lower initial costs, you can maximize your return on investment with rent.

Manufactured homes are also ideal for young singles with a primary focus on advancing their early career. They want more affordable housing until they get their first few raises. That makes manufactured homes an attractive option for the cost-conscious young professional.

Manufactured homes typically adopt a more conservative, evergreen approach to interior design. For example, they favor neutral interior colors over more trendy options that might turn off potential renters.

Things to Consider with a Manufactured Home

If you plan on investing in a manufactured home or several for rental purposes, you’ll want to make sure that you consider a few key things. For example, you’ll want to make sure that you pay close attention to the zoning laws in your town or city.

You’ll also need manufactured home insurance to protect your investment.

Manufactured Homes and You

A manufactured home or several manufactured homes can make a good investment for those in the rental property game. You face much lower initial costs than buying a traditional house, at least in most locations.

That lower price lets you boost your profit, while also letting you offer more affordable rent. That can attract young professionals looking to focus more on their careers than their homes.

Looking for more tips or insights about real estate or investments? Check out our Business section for more posts.

NEWS

Am I Polish? How can I check this?

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Am I Polish? How can I check this?

Would you like to know whether you have Polish roots? There are a few simple ways to check your origin and what’s important, you do not have to do it on your behalf. If you are interested in getting to know more about your family history, and based on the outcome, get Polish citizenship, you should stay with us for a moment. Today, you will find out how to prove Polish ancestry!

How to trace Polish roots?

We have encountered several situations in which an individual was not really sure about his origin. It often results from the fact of his relatives’ specific immigration history or any other reason that could contribute to the loss of citizenship. We are here to help you though!

As you are here, you probably wonder if your ancestors were Polish, don’t you? At this point, we need to say that it is crucial to confirm your roots before you decide to take any step, such as the confirmation of Polish citizenship by descent.

How can you check if you are Polish? Firstly, you should visit your family house. That’s a great starting point! Do you know why? There is a huge possibility you will find any evidence of your eligibility for citizenship in Poland (e.g. old vital records or family tree). In addition to that, it is also crucial to talk to your relatives. We are pretty sure your grandparents will let you know more about some suspicious facts and, as a result, bring you closer to becoming a part of the Polish nation.

What to do if you could not find any evidence of your origin? Do not be stressed about it! We can distinguish one more way of checking Polish roots.

Eligibility for Polish citizenship by descent

Any individual who has at least one Polish ancestor can become a citizen of Poland but, as we mentioned above, it needs to be checked first. At this point, we also need to say that the 20th of January 1920 is a crucial date when it comes to research on Polish roots. So, if you know that any of your relatives was born in Poland or its former territories and resided there after the indicated date, you probably are Polish. What’s important, you need to prove that the Polish citizenship your ancestors held was not lost on the way. If it was not, there is a big chance they passed citizenship to you by the right of blood.

Where to look for help? Here you can find more about Polish citizenship by descent. The Experts will assess your case individually and based on the information you share, take more steps to finally let you know whether you have eligibility for citizenship. They will not only ask you questions about your family history or the documentation (e.g. old vital records) you might have but also conduct research across the archives in Poland and not only.

We completely understand the process we mentioned may seem complicated but that is also a great way to get to know your origin and obtain citizenship through ancestry.

How to get citizenship by descent?

Once you prove you are Polish, there is nothing more to do but lodge a motion at the Voioveship Office. The application must contain documentation confirming your ancestry. Based on that, the Voivode gives a positive decision. The Polish Citizenship Confirmation and Polish vital records will also be issued soon.

If you are still looking for a sign to finally learn more about your origin, here it is. Believe us, many more foreigners are not sure whether their ancestors were Polish and decide to give up on the research. That’s not good! You should take the Polish Citizenship Test and do what you can to become a fully-fledged citizen of Poland.

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