In Oklahoma, some investors buy mobile homes in parks as a source of rental income due to low initial costs. Modular homes can feature large windows, minimalistic designs, and natural materials. Modular companies buy materials in bulk, which lowers costs and reduces supply chain delays, benefiting projects in Oklahoma.
Because they’re built in sections, modular homes take about half the time to complete compared to site-built homes in areas like Oklahoma. Modular homes have resale values comparable to traditional homes, particularly in markets like Oklahoma. Modular homes can be placed on full basements, crawl spaces, or slab foundations, depending on local requirements in Oklahoma. Flexible floor plans allow buyers to choose layouts suited to different lifestyles, from open-concept to multi-room layouts in Oklahoma.
Mobile homes have fire safety concerns, although newer models are generally safer than older ones. Some businesses offer land and development services, bundling land purchase with modular construction in areas like Oklahoma. Since the majority of labor occurs in a factory, modular home businesses save significantly on labor. Mobile homes are particularly popular in rural or lower-cost housing markets. Financing for manufactured homes can be through chattel loans, FHA loans, or even VA loans in some cases.
On owned land, manufactured homes are more likely to appreciate similarly to traditional homes. Unlike manufactured homes, modular homes can be built with multiple stories. Manufactured homes must meet HUD standards that cover design, durability, fire resistance, and energy efficiency. Manufactured homes offer an affordable entry point for first-time homeowners.
Manufactured homes offer a variety of floor plans, from one to four bedrooms, to meet family needs. Modular home businesses can easily scale, producing homes faster as demand rises in Oklahoma. Some modular home companies secure government contracts for affordable housing projects.
Modular homes can range from budget-friendly to luxury, with finishes and sizes to match preferences in Oklahoma. Additional modules can be added to expand living space as families grow, a popular feature in Oklahoma. Mobile homes are popular among those embracing minimalism, as they offer a simplified, compact living space. Specialized insurance can cover the full replacement value of the home in case of severe damage.