Definition
Built in a factory to federal standards, then transported to land on a permanent chassis. Modern manufactured homes offer contemporary design comparable to site-built homes. The trade-off: depreciation and lot rent limitations if placed in communities.
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Manufactured homes (formerly called mobile homes) are constructed to strict federal standards established by the Department of Housing and Urban Development. These homes are built on a permanent chassis and designed for installation on leased or owned land. Modern manufactured homes offer contemporary design and amenities comparable to site-built homes. Manufactured homes offer affordable housing options, though financing and placement options may be more limited.
Pro Tip
Manufactured homes typically depreciate. Understand lot rent and community restrictions before purchasing.
Example
A modern manufactured home with pitched roof and attached deck situated in a manufactured home community represents the contemporary style.