What type of property classification does a manufactured home typically have if not affixed to real property?

When a manufactured home is not affixed to real property, it retains its classification as personal property. This distinction arises because personal property includes movable items that are not permanently attached to land or buildings. In the case of manufactured homes, when they are situated on a site but not permanently anchored or connected to the land's infrastructure, they can be easily relocated or transported.

This classification has significant implications, particularly in terms of financing, taxes, and insurance. Personal property typically has different tax treatment compared to real property, and lenders often consider this classification when determining loan terms or conditions. Understanding the classification of manufactured homes is vital for proper legal, financial, and insurance considerations in the industry.