As traditional home prices soar and mortgage rates stay elevated, factory-built housing like modular and manufactured homes emerge as affordable options for buyers. While both types are prefabricated, they differ significantly in construction, financing, and placement. Modular homes adhere to local building codes and appreciate in value, making them appealing for long-term investment. In contrast, manufactured homes follow federal standards and often depreciate, particularly if not anchored to a permanent foundation. This article outlines these differences, emphasizing their impact on financing options and ownership ultimately assisting buyers in making educated decisions.
Understanding the distinctions between modular and manufactured homes can empower buyers to make informed, affordable decisions that align with their long-term homeownership goals.
Modular homes, comparable to traditional construction, tend to appreciate in value, while manufactured homes often depreciate if not permanently affixed to land.
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