Factories provide stable jobs for communities, benefiting local economies. Mobile homes are generally more affordable than traditional site-built homes, making them an option for first-time buyers or retirees. Modular companies use social media to showcase modern designs and attract younger buyers in North Carolina. If on owned land, manufactured homes are eligible for tax benefits similar to site-built homes. Some businesses offer land and development services, bundling land purchase with modular construction.
Financing for manufactured homes can be through chattel loans, FHA loans, or even VA loans in some cases. Some modular home companies partner with insurers to offer comprehensive coverage for new homes.
Modular homes can be placed on full basements, crawl spaces, or slab foundations, depending on local requirements in North Carolina. Common sizes are 14x70 feet for single-wides and 24x48 feet for double-wides.
Additional modules can be added to expand living space as families grow, a popular feature in North Carolina. Mobile homes are more susceptible to damage from tornadoes and hurricanes compared to traditional homes.