Modular Homes…Are They a Good Investment?
Tons of people just like you are looking for their perfect dream home. With so many types and styles of houses to choose from, you may be wondering where to start your search. Modular homes are becoming increasingly popular, especially for first time home buyers who want to make a smart purchase. Keep reading to learn more about modular homes and how they differ from manufactured homes in addition to whether a modular home is a good investment. You may find that a modular home is the best option for you!
What is a manufactured home?
Manufactured homes and modular homes aren’t exactly the same thing. It can get confusing though—so we want to better explain the differences.
Like a modular home, a manufactured home is built in a factory. In most cases though, they’re not set on a permanent foundation. This means that they’re transported to where the home will be, but they aren’t placed permanently and in turn can be more easily moved to a new lot in the future. Because of this, these kinds of homes are also referred to as a mobile home.
A manufactured home also comes in various sizes, like singlewide, doublewide, and triplewide. These options can add more space to a mobile home, but they can look exactly like the name suggests—factory built and similar to so many other mobile homes.
What is a modular home?
Modular houses are also built in a factory. They are then transported to a lot or property, where it will be permanently placed on a foundation. In most cases, individuals can’t tell the difference between modular homes and on-site build homes only from the appearance. When choosing between manufactured homes and modular homes, there are frequently fewer zoning issues with modular homes, so it makes for a wise and convenient choice.
Furthermore, an incredible amount of flexibility with modular homes. You can truly create a unique house that meets all of your needs.
Buying a Modular House is a Good Investment
When you make a home purchase, you want to be smart about it. Many people consider modular home investment because they’re becoming so popular and they can increase in value.
Yes, modular home values can increase over time—this makes for a good home buy.
Modular Homes Are a Great Option for First-Time Homebuyers
First-time homebuyers love modular homes for a number of reasons. For one, they’re completely customizable. This means they can create the best possible home that meets their goals. It can often be easier than searching so many already made homes. Modular homes can also be very affordable. When making such a huge investment for the first time, this is a great way to trim the costs of homeownership. Lastly, the home value can increase over the life of the home, which can make it a particularly attractive investment.
If you’re still wondering what is a modular home or is a modular home a good investment, speak with the trusted modular home dealers at Yates Home Sales. They’re ready to help you dream up the perfect home. You too can benefit from this investment.