Modular Homes Are Financed and Appraised Much the Same as Traditional Homes.
Modular Homes are permanent structures and appreciate in value similar to traditional homes. Which is not the case for manufactured or mobile homes-which tend to depreciate in value.
They’re super sturdy and build to last and can withstand winds of up to 175-mph.
FEMA concluded in a study done by the damage done by Hurricane Andrew in Florida (Aug. 2012) that modular homes fared better compared to other construction.
Prefab Construction dates back over 100 years.
One of the earliest prefab homes was a mail order pre-built kit from Sears and Roebuck Co. They were similar to panelized homes, but had to be assembled by the buyer. They were advertised as “Modern Homes” with 400 designs to choose from. The materials were delivered in two railroad boxcars with a detailed instruction manual.
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