| Manufactured Homes |
Modular Homes |
Site Built Homes |
|
Built in a factory in a controlled environment |
Built in a factory in a controlled environment |
Built on-site; exposed to weather |
|
Required to be on a non-removable steel chassis |
Built on a floor system |
Built on a floor system |
|
Built following the Federal HUD codes |
Built to local building codes and regulations (UBC) |
Built to local building codes and regulations (UBC) |
|
Subject to local zoning regulations |
Subject to local zoning regulations |
Subject to local zoning regulations |
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Limited styles, sizes and customization possibilities because of steel chassis (also limits multiple level building); usually built prior to selection |
Highly customizable; construction doesn't start until design is selected; you can have your architect draw plans and submit to modular company |
Highly customizable; construction doesn't
start until design is selected; you can have
your architect draw plans and submit to your
contractor |
|
Sometimes depreciate because it is difficult to remodel or expand; older models may or may not have paneling |
Appreciate in value and are able to be remodeled and/or expanded; permanent concrete foundation, interior walls - drywall |
Appreciate in value and are able to be remodeled and/or expanded; permanent concrete foundation, interior walls - drywall |
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Generally not as energy efficient as other types |
Climate controlled - factory; precise building techniques; usually have additional insulation to lower maintenance costs |
Product quality varies |
|
Timeframe - Usually little to no wait; homes are already built and the timetable is only dependent on delivery schedule and financing considerations |
Timeframe - Approximately 3-6 months; weather not a usual consideration and modules are built at the same time as the foundation |
Timeframe - 6-12 months; all construction is done on-site; one job cannot start until another finishes (i.e. - cannot sheetrock until insulating has been completed); construction is weather dependant |
|
Transported to destination on their own wheels |
Transported to destination on a truck bed |
Site built - not transported |
|
Local inspectors check work done on-site, but not required to approve structure |
Structure inspected to meet all local code requirements |
Structure inspected to meet all local code requirements |
|
Personal property - licensed by DMV |
Real estate / real property |
Real estate / real property |
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Finance with a retail installment contract; usually doesn't qualify for traditional mortgage unless on a permanent foundation and/or is a double or triple wide |
Financing - traditional mortgage |
Financing - traditional mortgage |
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Has a red HUD label on exterior, usually near the tongue area of the home; a data tag, usually in a kitchen cabinet or closet |
Has a blue modular sticker; usually inside electrical panel door, closet or cabinet |
Traditional home - no sticker |
