Does a manufactured and modular home appreciate in value?
People assume that the value of manufactured or modular homes depreciates. However, recent studies conducted at the Universities of Michigan and North Carolina reveal that the location for both manufactured and modular homes and conventional site-built homes is the most telling forecast for real estate appreciation. With the building costs of manufactured and modular homes significantly below those of site-built homes, there is an immediate appreciation of value between what the home actually costs and its fair market value. In fact, multi-section manufactured and modular homes sold for more the second time than the first — the best definition of a profitable investment.
