Modular companies can produce both permanent homes and temporary commercial structures. Most mobile homes are built on a steel chassis, giving them stability and the ability to be moved when necessary. HUD has specific standards based on region, including "Wind Zone" ratings to ensure durability in different climates.
Using precise factory-cut materials reduces waste and overall building costs. Modular companies can produce both permanent homes and temporary commercial structures. Financing mobile homes can be tricky, as they may be considered "chattel" loans, with higher interest rates. In Owensboro, some investors buy mobile homes in parks as a source of rental income due to low initial costs.
Modular factories employ in-house labor, cutting down on subcontracting costs. Many residents own their mobile homes but rent the lot in a park, which can impact security and cost. Modular homes can range from budget-friendly to luxury, with finishes and sizes to match preferences in Owensboro. Many retirees, especially in warmer states, live in mobile homes seasonally, moving between climates like Owensboro.