Modular home businesses can easily scale, producing homes faster as demand rises. There’s a growing resale market for well-maintained mobile homes, especially in high-cost areas. Modular homes have resale values comparable to traditional homes, particularly in markets like Washington. Mobile homes may be taxed as personal property rather than real estate unless on a permanent foundation. If on owned land, manufactured homes are eligible for tax benefits similar to site-built homes.
Many modular businesses market themselves on their eco-friendly and sustainable practices. Vintage mobile homes from the 50s and 60s are now popular as collectibles and often remodeled with retro décor. Buyers can choose floor plans suited to different lifestyles, from open-concept to multi-room layouts. Mobile homes are more susceptible to damage from tornadoes and hurricanes compared to traditional homes, especially in areas like Washington.
They’re eligible for traditional mortgages, making financing easier compared to manufactured homes. Factories can assemble multiple modules simultaneously, speeding up project timelines. Placing a manufactured home requires site preparation, including utility hookups and foundation work. Specialized insurance can cover the full replacement value of the home in case of severe damage.
Manufactured homes must meet HUD standards that cover design, durability, fire resistance, and energy efficiency. HUD code includes strict standards for fire safety in manufactured homes. In some areas, zoning laws limit where mobile homes can be placed, affecting affordability and availability. Additional modules can be added to expand living space as families grow, a popular feature in Washington. Older mobile homes may not meet modern building codes, which could limit where they can be placed.
Specialized insurance can cover the full replacement value of the home in case of severe damage. Modular companies use social media to showcase modern designs and attract younger buyers. Factories provide stable jobs for communities, benefiting local economies. Specialized insurance can cover the full replacement value of the home in case of severe damage.
Modular homes are built to withstand transportation, making them durable and well-constructed. Modular homes increasingly incorporate modern design elements, including sleek lines and open spaces. Modern manufactured homes are built to last, often with warranties on structural components.