Developers frequently work with modular companies on multiple projects due to efficiency and quality. Specialized insurance can cover the full replacement value of the home in case of severe damage.
Some manufacturers produce "tiny manufactured homes" that are compact and affordable for minimalists. Modular homes are increasingly popular, especially in high-demand areas with limited housing. Modular home businesses can easily scale, producing homes faster as demand rises in Maine.
Modular home businesses are expanding globally, especially in densely populated and high-demand areas. Many new manufactured homes can qualify for Energy Star ratings, helping owners save on utility bills. Unlike manufactured homes, modular homes can be built with multiple stories. A large percentage of affordable housing in Maine consists of mobile and manufactured homes.
Modular homes have resale values comparable to traditional homes, particularly in markets like Maine. Many retirees, especially in the U.S., live in mobile homes seasonally, moving between warmer and cooler climates. FHA and USDA loans may allow for low down payments, making these homes accessible for more buyers. Some businesses offer land and development services, bundling land purchase with modular construction in areas like Maine. In some areas like Maine, zoning laws limit where mobile homes can be placed, affecting affordability and availability.
Modular homes are built to withstand transportation, making them durable and well-constructed. Mobile homes have fire safety concerns, although newer models are generally safer than older ones. Once on-site, modular homes undergo local inspections to ensure compliance with local building codes. Many manufactured homes offer amenities like walk-in closets, spa-style bathrooms, and chef’s kitchens. Moving a mobile home can be expensive, and it requires permits and specialized transport companies.