MYTH: Modular homes are much more stronger than traditional homes.
FACT: Yes, modular homes are built stronger than traditional stick built homes, but they also experience a lot more initial wear and tear. Each module is shipped on the back of a truck that bounces as it drives along the highway. To ensure a quality home, modular manufacturers will use more screws (instead of nails) and also add glue to joints to increase their strength. Modular homes are generally built stronger than typical stick built homes, but traditional stick built homes also don't endure a long trip. It is hard to prove that a modular home is still stronger after it endures its road trip. But it is easy to see that modular homes are as strong as traditional homes.
MYTH: Modular buildings are hard to be financed.
FACT: Modular buildings are treated the same as traditional stick built buildings. Mobile homes (which are not modular homes) are more difficult to gain financing due to their depreciation. Modular buildings actually can be better than traditional buildings to finance since they reduce the amount of construction time. The reduced construction time can help business. If a business takes a mortgage out to pay for a new modular manufacturing facility, it can be constructed before the first mortgage payment is due. Thus it can lead to faster payments and less interest charges incurred. Also modular home owners may have an easier time since the manufacturing facility is a known value to bankers and can respond to any requests for plans or quality control. This modular myth is another example of confusion between modular homes and mobile homes. |