Common sizes are 14x70 feet for single-wides and 24x48 feet for double-wides. Modular home companies often have in-house logistics teams to coordinate transport and installation.
Financing mobile homes can be tricky, as they may be considered "chattel" loans, with higher interest rates. Automated factory processes ensure precision and reduce construction errors.
Factory construction enables modular home manufacturers to tightly control quality. Modular homes can be placed on full basements, crawl spaces, or slab foundations. They’re eligible for traditional mortgages, making financing easier compared to manufactured homes.
In some rural areas, manufactured homes are exempt from certain zoning requirements. Modular home businesses are expanding globally, especially in densely populated and high-demand areas. Manufactured homes undergo extensive factory inspections to ensure quality and adherence to HUD codes. In Wilmington, some investors buy mobile homes in parks as a source of rental income due to low initial costs.
Some people purchase modular homes as rental properties due to their affordable construction and high demand. Additional modules can be added to expand living space as families grow. Modular construction can be adapted for various types of land, from urban lots to rural landscapes in Wilmington. Using precise factory-cut materials reduces waste and overall building costs.
Manufactured homes are popular in retirement communities, particularly in warm states. Mobile homes are pre-constructed homes built on a chassis, allowing them to be moved from one location to another. Unlike manufactured homes, modular homes can be built with multiple stories. Modular home businesses are increasingly focused on urban infill projects due to housing shortages. Newer manufactured homes often feature open floor plans, kitchen islands, and spacious master suites.
Controlled factory environments allow modular homes to use resources efficiently and reduce waste. Modular homes increasingly incorporate modern design elements, including sleek lines and open spaces popular in Wilmington.