All mobile homes manufactured after 1976 come with a HUD label that certifies they meet federal standards. Specialized insurance can cover the full replacement value of the home in case of severe damage.
Some mobile home park residents face rent increases on their lot, which can impact affordability. Modular home businesses are expanding globally, especially in densely populated and high-demand areas.
On owned land, manufactured homes are more likely to appreciate similarly to traditional homes. Modular homes have resale values comparable to traditional homes. Because they’re built in sections, modular homes take about half the time to complete compared to site-built homes.
Many modular businesses market themselves on their eco-friendly and sustainable practices. Modular companies can produce both permanent homes and temporary commercial structures. Modular homes may require specialized transport but generally incur fewer costs compared to mobile homes. Automated factory processes ensure precision and reduce construction errors.
Financing for manufactured homes can be through chattel loans, FHA loans, or even VA loans in some cases. Older mobile homes may not meet modern building codes, which could limit where they can be placed.
Factory construction enables modular home manufacturers to tightly control quality. Modular companies use social media to showcase modern designs and attract younger buyers in Arizona. Developers frequently work with modular companies on multiple projects due to efficiency and quality. Some modular businesses provide off-grid options, including solar power and water catchment systems. Manufactured homes on leased land may face lower property taxes, appealing to cost-conscious buyers.