They’re often built to the HUD (U.S. Department of Housing and Urban Development) code, which includes standards for safety, energy efficiency, and construction. Some manufacturers now offer solar panel integration, appealing to environmentally conscious buyers.
Modular home businesses often control their supply chain, reducing material shortages. Specialized insurance can cover the full replacement value of the home in case of severe damage. Mobile homes are pre-constructed homes built on a chassis, allowing them to be moved from one location to another. Manufactured homes are increasingly seen as a solution to the affordable housing crisis in cities like Goshen.
Unlike RVs, mobile homes are generally not meant for regular travel; they’re designed for more permanent living. Modular homes are increasingly popular, especially in high-demand areas like Goshen with limited housing. Many mobile home parks offer amenities like pools, community centers, and playgrounds, adding to their appeal.
Since the majority of labor occurs in a factory, modular home businesses in Goshen save significantly on labor. They’re eligible for traditional mortgages, making financing easier compared to manufactured homes in Goshen.
Since they’re built indoors, modular homes are unaffected by weather delays. In Goshen, some investors buy mobile homes in parks as a source of rental income due to low initial costs. Mobile homes have fire safety concerns, although newer models are generally safer than older ones.