Some investors buy mobile homes in parks as a source of rental income due to low initial costs. Modular homes have resale values comparable to traditional homes. Mobile homes are pre-constructed homes built on a chassis, allowing them to be moved from one location to another. They’re eligible for traditional mortgages, making financing easier compared to manufactured homes.
Smart home technology integration is a growing trend in modular homes. Vintage mobile homes from the 50s and 60s are now popular as collectibles and often remodeled with retro décor.
Modular home businesses can easily scale, producing homes faster as demand rises. Unlike manufactured homes, modular homes can be built with multiple stories. Modular homes have resale values comparable to traditional homes, particularly in markets like Lake City.