Often there are questions regarding the value, appraisal or retail value of a modular home. Modular homes appreciate in the same way as a traditionally built home, and sometimes there value is higher than a traditional home of comparable size and layout.

Modular Homes are built to more consistent, high standards than traditionally built homes, they are also built more sturdily, using screws and glue. Because of this, often times the wear and tear on a modular home is less despite being in the same geographic location. However, for simplicity, and because home value depends on how the home is maintained overtime, we say that modular homes retain value consistent with stick built homes.

Banks and mortgage companies consider modular homes to be the same as traditional homes. Most modular home factories are well known to lenders, and the construction time is faster therefore, lenders often like to initiate construction loans. But for the homeowner, the interest generated on the loan is less too because of the shorter construction period.

Contact Tidewater Custom Modular Homes if you are interested in learning more about the value or appreciation of modular homes to help you in your decision making process.