In Rockwall, some investors buy mobile homes in parks as a source of rental income due to low initial costs. Financing mobile homes can be tricky, as they may be considered "chattel" loans, with higher interest rates.
Mobile homes are pre-constructed homes built on a chassis, allowing them to be moved from one location to another. Some modular home companies partner with insurers to offer comprehensive coverage for new homes.
Some manufacturers now offer solar panel integration, appealing to environmentally conscious buyers. Manufactured homes offer a variety of floor plans, from one to four bedrooms, to meet family needs in Rockwall.
Manufactured homes on land are appraised similarly to site-built homes, factoring in both land and structure. Smart home technology integration is a growing trend in modular homes.
Some people purchase modular homes as rental properties due to their affordable construction and high demand. Many manufactured homes offer amenities like walk-in closets, spa-style bathrooms, and chef’s kitchens. Some modular homes are designed to allow future upgrades easily. Some manufacturers offer land-home packages, bundling land purchase with the home for easier financing.