Can a new modular home depreciate the value of other stick/brick built homes in the neighborhood?

Asked by: of Chapel Hill, NC on 2014-03-26T23:04:27Z

A modular home is considered the same as stick built home per the lenders and appraisers. So it should not have any effect on the value.

2014-03-26T23:17:49Z

No. Modular is a technique and not a product. If the overall finish quality is similar to those in the neighborhood then there is no difference. Quite honestly many modular homes are actually built better than stick built.

2014-03-27T10:17:35Z

Agree with Larry I've been in a few modular homes and didn't realize they were modular until I looked at the sales history. They can be beautiful valuable and very well built.

2014-03-28T16:10:14Z