Modular homes are built to withstand transportation, making them durable and well-constructed. Using precise factory-cut materials reduces waste and overall building costs. Manufactured homes on land are appraised similarly to site-built homes, factoring in both land and structure. In Lake City, residents of mobile home parks may face rent increases on their lot, which can impact affordability. Because they’re built in sections, modular homes take about half the time to complete compared to site-built homes.
Modern manufactured homes are built with high wind resistance to minimize storm-related risks. In areas like Lake City, modular businesses are gaining market share due to high housing demand.
Mobile homes are pre-constructed homes built on a chassis, allowing them to be moved from one location to another. Automated factory processes ensure precision and reduce construction errors. Financing mobile homes can be tricky, as they may be considered "chattel" loans, with higher interest rates.