Manufactured homes undergo extensive factory inspections to ensure quality and adherence to HUD codes. Moving a mobile home can be expensive, and it requires permits and specialized transport companies. Modular home businesses can easily scale, producing homes faster as demand rises in San Jose. Specialized insurance can cover the full replacement value of the home in case of severe damage. Financing mobile homes can be tricky, as they may be considered "chattel" loans, with higher interest rates.
Modular homes may require specialized transport but generally incur fewer costs compared to mobile homes in San Jose. Modular homes can be placed on full basements, crawl spaces, or slab foundations. Modular homes are increasingly popular, especially in high-demand areas with limited housing.
Modular homes often fare well in natural disasters due to robust construction standards. There’s a growing resale market for well-maintained mobile homes, especially in high-cost areas. Modular homes have resale values comparable to traditional homes. If on owned land, manufactured homes are eligible for tax benefits similar to site-built homes. In areas like San Jose, modular businesses are gaining market share due to high housing demand.
Specialized insurance can cover the full replacement value of the home in case of severe damage. In some areas, residents organize to prevent rent hikes in mobile home parks to maintain affordability. In areas like San Jose, modular businesses are gaining market share due to high housing demand.