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Investing in a Modular Home Pays Off

The Woody Family purchased their modular home in 2017 with the intent to have a more permanent space to make their own and raise their two girls. After five years in the home, the home has appreciated in value by more than $100,000, an unexpected benefit for the family.

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*The home purchased was a modular home, which is built to state and local building codes. Appreciation of Clayton homes are not guaranteed and are dependent on several factors, such as location, market conditions, if the home is placed on a permanent foundation, home options, and how the home is maintained. Recent studies have shown that off-site built construction, which includes both modular and manufactured housing, has the potential to appreciate in line with the overall residential real estate market. ** Total package price was $179,500 and includes both the home and land. Appraisal referenced had a final opinion amount of $315,000. The home purchased was a modular home, which is built to state and local building codes. Appreciation of Clayton homes are not guaranteed and are dependent on several factors, such as location, market conditions, if the home is placed on a permanent foundation, home options, and how the home is maintained. Recent studies have shown that off-site built construction, which includes both modular and manufactured housing, has the potential to appreciate in line with the overall residential real estate market.