What Is a Modular Home, And Should I Consider Buying One?
Whether you’re a first-time buyer or a seasoned property owner, a modular home can offer unique flexibility and lasting quality — often for less money than a conventionally constructed house.
But if you’ve not yet considered a modular home, you’re not alone.
Of the 144 million housing units in the United States, just 21.2 million people live in manufactured houses. A remarkable 85% of those folks report feeling satisfied with their prefabricated home; tiny houses continue to rise in popularity, while manufactured log homes have been on the market since 1978. It’s clear that the overarching concept of a modular home is neither new nor unfavorable.
So why aren’t more homebuyers taking a closer look at modular homes?
To better understand exactly what a modular home is, along with the pros and cons of buying one, we’ve dug into research from some of the country’s best modular home producers and chatted with Randy Reeds, a real estate agent with almost four decades of experience in Grand Rapids, Michigan.