Build a Modular Home?

Nita is a Dave Ramsey success story and now wants to build a modular home.

QUESTION: Nita is 32, remarried and completely debt free.  She and her husband are looking at building a modular home.  Should they do that?

ANSWER: There are many different types of modular homes.  Modular homes can mean anything from a trailer to a very nice home build in sections.  If it looks “stick-build” and not like a glorified trailer, then you’ve probably bought a home that will go up in value.  Trailers go down in value and houses go up.  You just need to make sure you buy a home that goes up in value.