Mobile homes may be taxed as personal property rather than real estate unless on a permanent foundation. Manufactured homes are popular in retirement communities, particularly in warm states like Greenwood. Modular homes can range from budget-friendly to luxury, with finishes and sizes to match. Most lenders treat modular homes like site-built homes, enabling standard mortgage terms.
In some areas like Greenwood, zoning laws limit where mobile homes can be placed, affecting affordability and availability. Because they’re built in sections, modular homes take about half the time to complete compared to site-built homes in areas like Greenwood. A large percentage of affordable housing in Greenwood consists of mobile and manufactured homes.
Some nonprofit groups and cooperatives offer affordable mobile home living in organized communities around Greenwood. Manufactured homes on leased land may face lower property taxes, appealing to cost-conscious buyers. Common sizes are 14x70 feet for single-wides and 24x48 feet for double-wides.
Mobile homes are pre-constructed homes built on a chassis, allowing them to be moved from one location to another. Modular homes can be built for remote areas, offering housing solutions in otherwise inaccessible locations. All mobile homes manufactured after 1976 come with a HUD label that certifies they meet federal standards. Many retirees, especially in warmer states, live in mobile homes seasonally, moving between climates like Greenwood.
In some areas, zoning laws limit where mobile homes can be placed, affecting affordability and availability. Mobile homes are popular among those embracing minimalism, as they offer a simplified, compact living space. Unlike manufactured homes, modular homes can be built with multiple stories. Most lenders treat modular homes like site-built homes, enabling standard mortgage terms. Many modular homes qualify for green certifications due to sustainable building practices in Greenwood.
Since they’re built indoors, modular homes are unaffected by weather delays. Automated factory processes ensure precision and reduce construction errors.
Manufactured homes offer an affordable entry point for first-time homeowners. Modular homes can be placed on full basements, crawl spaces, or slab foundations, depending on local requirements in Greenwood. Manufactured homes can include high-end features like granite countertops and hardwood floors. Many retirees, especially in the U.S., live in mobile homes seasonally, moving between warmer and cooler climates.