Profile picture for jeff67619

Ask our community...

we are looking at several homes, I have heard a few things about modular homes, do they maintain or increase in value like site built homes or do they lose value?any help would be greatly appreciated.
  • October 15 2010 - Lexington
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (5)

Modular homes are generally built to the same specs as a site built home in a factory then brought out and put on a permanent foundation. They are not relocatable and are permanent once in place. Since modulars are built in a controlled environment, they are not subject to the elements during construction. From what I understand they appraise the same as a site built home. Here is a link that compares manufactured, modular and stick built homes http://www.modulartoday.com/comparison.html
  • October 15 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for the_country_hick
I would NOT want a doublewide (mobile home). They are made like a trailer (only 2 times as wide) which is not very good. They also go down in value in a good market. And you are likely to have financing problems once they get past about 5 years old. 

I would not object to either a modular or a stick built house. A modular is built with precision. Every nail is where it should be. Every piece of lumber is precision cut. Once on your new foundation the only difference between it and a stick built house is a little connector in the basement where the electrical wires go together between the two halves. 

As far as value goes a modular does go up (or down) as much as a site built house does.

You have a very good idea of the quality that goes into a modular house. In fact, you have a higher likelihood of having good quality than a stick built house. The factory takes no shortcuts but could a contractor have?
  • October 15 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Both Christine and Dan gave great insights! From a lender's perspective, a modular is treated the same as a site built home for mortgage and appraisal purposes. So as Dan said, it will appreciate and depreciate just like any other home. Getting financing on a modular is no different than a site built. Manufactured homes have limited financing available, higher rates and higher homeowner's insurance. Modular is definitely a better long term investment.
  • October 16 2010
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for nwhome.us
Lisa, thanks for tuning in.  It is so great to have a lenders insight on a lot of these issues.
  • October 16 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

I concur with what has already been said.  Just want to add a cautionary note.  When given the choice between stick built and modular most buyers with whom I have worked prefer stick built.  So in this market of over abundant inventory, I could make a case to a seller that his modular should be more compelling in price than a nearly identical stick built home.  Why is probably a function of fear.
  • October 18 2010
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.