What Are Manufactured and Modular HomesLaurie Mercurio2021-02-08T08:35:58-06:00
Many types of structures are built in the factory and designed for long-term residential use. Manufactured and modular home units are built in a factory, transported to the site and installed.
These are homes built in a factory setting to the manufactured housing construction and safety standards established by the U.S. Department of Housing and Urban Development (HUD). In the years since the HUD Code was first introduced in 1976, it has been continually updated to incorporate new advances in construction techniques, procedures, and materials.
These homes can typically be bought at lower price points than any other type of housing. Each HUD Code home will have a red HUD Label on the outside of the home.
Manufactured homes can be customized to a customers’ needs. Minimal maintenance and low utility bills are hallmarks of factory-built homes. Additionally, the reliability of the controlled environment allows for efficient timelines and affordability due to no weather-related delays.
Modular homes are built to the state or regional code where the home will be located. Modules are transported to the site and installed. Sections are built in a factory then transported to the building site and assembled by local contractors on location. Modular homes are often placed on a traditional basement.
Despite their differences, these homes do have several similarities that are worth discussing. First, both benefit from the inherent advantages of being built inside a factory under predictable conditions. Second, both manufactured homes and modular homes must conform to strict building codes that are constantly being updated. Third, either can be built using the latest ENERGY STAR®-rated materials and technologies.
Manufactued Homes Can Appreciate As Well As Site-build Homes
The FHFA’s new MH index indicates that the prices of the MH purchased by the GSEs perform similarly to those of site-built properties. View the full article from Urban Wire and see for your self.