Specialized insurance can cover the full replacement value of the home in case of severe damage. Some investors buy mobile homes in parks as a source of rental income due to low initial costs.
Some investors buy mobile homes in parks as a source of rental income due to low initial costs. Because they require fewer materials, mobile homes are sometimes considered a lower-impact housing option. Older mobile homes may not meet modern building codes, which could limit where they can be placed.
Factories provide stable jobs for communities, benefiting local economies. Since modular homes are built concurrently with site preparation, build times are much shorter. Manufactured homes on leased land may face lower property taxes, appealing to cost-conscious buyers. Because they’re built in sections, modular homes take about half the time to complete compared to site-built homes in areas like Albuquerque.
Some modular home companies secure government contracts for affordable housing projects in Albuquerque. Modular homes increasingly incorporate modern design elements, including sleek lines and open spaces. Modular home businesses can easily scale, producing homes faster as demand rises. In rural areas near Albuquerque, manufactured homes may be exempt from certain zoning requirements.