Unlike manufactured homes, modular homes can be built with multiple stories. Many new manufactured homes can qualify for Energy Star ratings, helping owners save on utility bills.
Manufactured homes offer an affordable entry point for first-time homeowners in New Hampshire. Financing mobile homes can be tricky, as they may be considered "chattel" loans, with higher interest rates. Many retirees, especially in warmer states, live in mobile homes seasonally, moving between climates like New Hampshire. Modern manufactured homes are built to last, often with warranties on structural components.
Manufactured homes undergo extensive factory inspections to ensure quality and adherence to HUD codes. Manufactured homes on leased land may face lower property taxes, appealing to cost-conscious buyers. In New Hampshire, residents of mobile home parks may face rent increases on their lot, which can impact affordability. Modular businesses are gaining market share in areas with high housing demand. Using precise factory-cut materials reduces waste and overall building costs for modular homes in New Hampshire.
A large percentage of affordable housing in New Hampshire consists of mobile and manufactured homes. Some businesses offer land and development services, bundling land purchase with modular construction. There’s a growing resale market for well-maintained mobile homes, especially in high-cost areas.
In some rural areas, manufactured homes are exempt from certain zoning requirements. Modular homes have resale values comparable to traditional homes, particularly in markets like New Hampshire.