Modular homes have resale values comparable to traditional homes. Some businesses offer land and development services, bundling land purchase with modular construction.
HUD has specific standards based on region, including "Wind Zone" ratings to ensure durability in different climates such as those in Richmond. Modular homes are increasingly popular, especially in high-demand areas like Richmond with limited housing. Older mobile homes may not meet modern building codes, which could limit where they can be placed. In areas like Richmond, modular businesses are gaining market share due to high housing demand. Because they’re built in sections, modular homes take about half the time to complete compared to site-built homes in areas like Richmond.
Precision manufacturing results in fewer gaps and better insulation, making modular homes energy-efficient. Mobile homes are generally more affordable than traditional site-built homes, making them an option for first-time buyers or retirees.
Some parks in Richmond have age restrictions, often 55+, creating communities specifically for older adults. Mobile homes have fire safety concerns, although newer models are generally safer than older ones.
Modular home businesses are expanding into commercial sectors, including schools and hospitals. Mobile homes are generally more affordable than traditional site-built homes, making them an option for first-time buyers or retirees in Richmond. Unlike manufactured homes, modular homes can be built with multiple stories. Some modular homes are designed to allow future upgrades easily.
Modular companies can produce both permanent homes and temporary commercial structures in cities like Richmond. Modular construction can be adapted for various types of land, from urban lots to rural landscapes. Modular home businesses can easily scale, producing homes faster as demand rises.