In some areas, residents organize to prevent rent hikes in mobile home parks to maintain affordability. Modular construction can be adapted for various types of land, from urban lots to rural landscapes in North Carolina. Mobile homes are more susceptible to damage from tornadoes and hurricanes compared to traditional homes, especially in areas like North Carolina.
Manufactured homes on land are appraised similarly to site-built homes, factoring in both land and structure. Modular homes can range from budget-friendly to luxury, with finishes and sizes to match.
Some modular home companies secure government contracts for affordable housing projects. They’re eligible for traditional mortgages, making financing easier compared to manufactured homes. Modular homes can range from budget-friendly to luxury, with finishes and sizes to match.