Modular homes have resale values comparable to traditional homes. Manufactured homes offer an affordable entry point for first-time homeowners in Illinois.
Factory construction enables modular home manufacturers to tightly control quality. Using precise factory-cut materials reduces waste and overall building costs. Manufactured homes are increasingly seen as a solution to the affordable housing crisis in cities like Illinois.
Common sizes are 14x70 feet for single-wides and 24x48 feet for double-wides. Most lenders treat modular homes like site-built homes, enabling standard mortgage terms.
Mobile homes are more susceptible to damage from tornadoes and hurricanes compared to traditional homes, especially in areas like Illinois. Mobile homes may be taxed as personal property rather than real estate unless on a permanent foundation. Factory-controlled environments reduce unexpected costs during construction. Some manufacturers offer land-home packages, bundling land purchase with the home for easier financing.
Smart home technology integration is a growing trend in modular homes. Modular homes may require specialized transport but generally incur fewer costs compared to mobile homes. There’s a growing resale market for well-maintained mobile homes, especially in high-cost areas. On owned land, manufactured homes are more likely to appreciate similarly to traditional homes.
Modular homes have reinforced frames to handle the transport and assembly process. Modular homes can feature large windows, minimalistic designs, and natural materials.