Mobile homes have fire safety concerns, although newer models are generally safer than older ones. Factories provide stable jobs for communities, benefiting local economies. On owned land, manufactured homes are more likely to appreciate similarly to traditional homes. Newer manufactured homes often feature open floor plans, kitchen islands, and spacious master suites. Older mobile homes may not meet modern building codes, which could limit where they can be placed.
Modular homes often fare well in natural disasters due to robust construction standards. A large percentage of affordable housing in the U.S. consists of mobile and manufactured homes. Manufactured homes on leased land may face lower property taxes, appealing to cost-conscious buyers. Manufactured homes are popular in retirement communities, particularly in warm states. Manufactured homes are popular in retirement communities, particularly in warm states.
Some manufacturers offer land-home packages, bundling land purchase with the home for easier financing. Many residents own their mobile homes but rent the lot in a park, which can impact security and cost. Manufactured homes offer a variety of floor plans, from one to four bedrooms, to meet family needs. Modular homes often fare well in natural disasters due to robust construction standards designed for regions like Lebanon. Some parks have age restrictions, often 55+, creating communities specifically for older adults.
Modular homes have resale values comparable to traditional homes. Mobile homes are generally more affordable than traditional site-built homes, making them an option for first-time buyers or retirees.
Many modular businesses focus on sustainability, modern design, and speed in their marketing campaigns. Some people purchase modular homes as rental properties due to their affordable construction and high demand.