Financing mobile homes can be tricky, as they may be considered "chattel" loans, with higher interest rates. Modular companies buy materials in bulk, which lowers costs and reduces supply chain delays, benefiting projects in Hermiston. 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. Manufactured homes undergo extensive factory inspections to ensure quality and adherence to HUD codes.
Manufactured homes can include high-end features like granite countertops and hardwood floors. Mobile homes are more susceptible to damage from tornadoes and hurricanes compared to traditional homes. Some investors buy mobile homes in parks as a source of rental income due to low initial costs.
Some businesses offer land and development services, bundling land purchase with modular construction. Some modular home businesses partner with architects, realtors, and developers in Hermiston to expand reach and resources. Modular homes have resale values comparable to traditional homes, particularly in markets like Hermiston.
Many manufactured homes offer amenities like walk-in closets, spa-style bathrooms, and chef’s kitchens. Modular companies use social media to showcase modern designs and attract younger buyers.
Modular homes are increasingly popular, especially in high-demand areas like Hermiston with limited housing. Modular homes can be placed on full basements, crawl spaces, or slab foundations, depending on local requirements in Hermiston.