Modular and Manufactured Housing
Manufactured and modular homes are becoming increasingly popular as the housing market recovers and new construction struggles to keep up with demand. Both types of homes are built in controlled factory environments and then transported to their sites for installation by professional contractors, which can help reduce costs and construction time.
However, it’s essential to understand the differences between manufactured and modular homes to make the best choice for your needs.
Manufactured homes are built according to federal Housing and Urban Development (HUD) standards. They are attached to a steel frame with axles and wheels for transportation and can be either permanently or temporarily installed on a lot. These homes must be appraised against other manufactured homes, which can sometimes limit their value. Despite this, manufactured homes often offer a more affordable option compared to modular or site-built homes, thanks to advances in construction standards.
Modular homes are constructed to state-specific building codes and are delivered on flatbed trucks to a permanent foundation. Unlike manufactured homes, modular homes do not have a steel frame and cannot be moved once installed. They are generally compared to site-built homes in terms of value due to their higher construction standards. Modular homes also offer significant cost and time savings compared to traditional site-built homes and are often praised for their quality control and weather protection during construction.
When deciding between manufactured, modular, or site-built homes, consider factors like quality, cost, and future value. No matter which type you choose, Nationwide Home Loans, Inc. offers financing solutions designed to help you build your new home with minimal out-of-pocket expenses. Click here to learn more about our One-Time Close Construction to Permanent loan and get started on building your dream home today!