Few people actually realize today how easy it is to get financing for mobile homes in South Africa if you compare it to how difficult it is to get a loan for a bond on a house approved. Many people, for some reason, have a major problem when it comes to motor housing. It’s probably because of the stigma of trailer parks and hooligans that people have such misconceptions about this affordable way of prefab housing – the truth of the matter is, they are extremely advantageous, a fantastic asset to invest in and they can make life so much easier.
There are several different kinds of trailer housing on the market. The main kinds are usually in the form of a trailer. Trailers (also known as campers or caravans) are typically used for holiday purposes and not usually as a permanent home because they are typically quite small in size (although they are known to get quite big). Although they are mostly small, if you are a family of two or three, the space is actually quite adequate and very comfortable. Another kind of pre-built home that you can take on the road with you is a prefab house – these are usually designed with hardwood beams, steel framework and strong bonding agents to make a structure that is solid but also not too heavy. This is the key when it comes to effective modular housing – you need something that is spacious enough to live in and light enough to be pulled by your car without straining the engine or using too much fuel. Mobile park homes have become much more sophisticated and popular in recent years because of technological advancements that make these structures a real treat compared to their predecessors. Some of the main advancements are in the plumbing and bathroom facilities – no longer are they primitive and difficult to use, new innovations make running water and refuse disposal very easy, clean and affordable.
Video on how a mobile home gets transported
Other uses of these kinds of fabricated pre-built houses are:
- Educational Purposes
- Laboratories
- Clinics
- Site Offices
Let’s have a more in depth look at each of the above mentioned.
Prefab houses are not only for living purposes or for convenience for the family on the open road a lot – but also for educational purposes: a large portion of schools in South Africa use prefab houses as extensions to a school building. It’s a great cost-effective way of providing reliable classrooms if you can’t afford to build on. It doesn’t just stop there though, besides schools there are laboratories, clinics, offices and all kinds of other uses for prefabs. It’s very simple and easy to assemble. One of the more popular companies in the Durban and KZN regions is Parkhome Modular Units. This company provides ground-breaking designs, simplicity and effective housing for any kinds of mobile unit needs as well as rentals and industry advice.
To get financing on mobile homes in South Africa is not a difficult task at all, because the principal amount is a lot less than a full-on fixed house on a property, the loan amount is quite small. Although this is the case, the interest rate is the only part of this transaction that you’ll need to worry about. Trailers and other motor homes incur a higher interest rate than usually mortgage or bond repayments – but if you find the right creditor to make a good deal with, it still works out a lot cheaper than a bond. One of the factors that influences your financing is the insurance on a prefab or motor house – if you are constantly on the road your risk to the creditor increases and therefore the amount will increase. But, if it’s a simple prefab to extend onto your current house, you can strike a very reasonable deal.
Be sure to visit us often for updates and to find out more information about what’s the best move for your housing needs.It could be that your budget doesn’t allow for a house, or that you can’t get financing for a fixed home. Or perhaps you just want to extend another room onto your house for working quarters – the uses are endless, really.