Do modular homes depreciate in value?
Saturday, February 29, 2020
A modular home is manufactured and installed to the same building code standards as a site-built home in the same location and is installed on a permanent foundation. It is essentially the same as a site-built home except that it is constructed in a factory. So a modular home has the same potential for appreciation as a site built home, and is treated the same as a site-built home by appraisers. Although the value of any dwelling can go up and down according to market factors, it does not have the built-in likelihood of depreciation that is inherent in a mobile/manufactured home.
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