While modular construction has been around for decades, misconceptions persist. Many home buyers mistakenly believe that modular homes are the same as mobile homes or that they do not offer the same investment potential as standard site-built homes. To clear up the confusion, here’s the truth behind 4 common modular home myths.
Myth 1: Modular homes depreciate in value
Modular homes gain value the same way as a traditional stick-built home. Once a modular home is assembled on-site, it is almost impossible to distinguish from a stick-built home. Modular homes are permanently assembled on-site and cannot be moved, unlike mobile homes, which do not appreciate in value.
Myth 2: Modular homes are not as safe as site-built homes
This is another area in which home buyers confuse modular homes with manufactured or mobile homes. Modular homes are constructed in a factor to higher building standards than most stick-built homes as each component must withstand being lifted onto a truck and traveling to a construction site that may be hundreds of miles away. According to FEMA, modular homes can withstand hurricane-level conditions better than stick-built homes. After Hurricane Sandy, many homes that were destroyed were replaced with stronger modular homes.
Myth 3: Modular homes are cheap and can’t pass inspections
The truth is modular homes are usually built to higher standards than most site-build homes and they go through more inspections. Modular homes must conform to building codes and rules that often surpass those for site-built homes, and modular homes are inspected during every stage of manufacturing. After assembled, the homes are inspected again by state and local inspectors. Stick-built homes, by comparison, are only inspected once after construction is complete.
Myth 4: Modular homes are all identical
This could not be farther from the truth! Modular homes are highly customizable. Every aspect of a modular home can be customized from the windows and doors to the siding, roofing, and colors. These homes also come in all sizes from small two-bedroom homes to mansions. Most home buyers are unable to distinguish a modular home from a standard stick-built home.