Some investors buy mobile homes in parks as a source of rental income due to low initial costs. Because they’re built in sections, modular homes take about half the time to complete compared to site-built homes. Since the majority of labor occurs in a factory, modular home businesses save significantly on labor.
Modular homes can range from budget-friendly to luxury, with finishes and sizes to match preferences in Virginia. Many modular homes qualify for green certifications due to sustainable building practices. Modular home businesses are expanding into commercial sectors, including schools and hospitals.
Modular home businesses are expanding into commercial sectors, including schools and hospitals. Eco-friendly manufactured homes with sustainable materials are growing in popularity across Virginia. Many modular homes qualify for green certifications due to sustainable building practices. Modular home businesses are expanding into commercial sectors, including schools and hospitals. In areas like Virginia, modular businesses are gaining market share due to high housing demand.
Mobile homes are generally more affordable than traditional site-built homes, making them an option for first-time buyers or retirees. In rural areas near Virginia, manufactured homes may be exempt from certain zoning requirements. Modular construction can be adapted for various types of land, from urban lots to rural landscapes. Since modular homes are built concurrently with site preparation, build times are much shorter. Manufactured homes can include high-end features like granite countertops and hardwood floors.
Financing for manufactured homes can be through chattel loans, FHA loans, or even VA loans in some cases. In remote areas near Virginia, modular homes offer housing solutions in otherwise inaccessible locations.