Did you know that modular homes won’t depreciate in value and that they tend to have the same appraisal price as their on-site counterparts?
If you want to have a custom-built home but don’t feel like spending the time and money to design and build a home, you should consider investing in a modular home.
Not only are they faster to build, but modular homes are also highly customizable.
We’ve written a guide to help you decide whether or not modular homes are right for your needs. Keep reading if you want to find out more.
The Basics of Modular Houses
A modular home differs from other types of homes because they are manufactured in factory-like settings. Workers then transport them to a second location so that builders can assemble them.
It is inexpensive to build modular homes because workers make use of highly-efficient construction practices.
Since modular homes come in sections, there are many different layout possibilities that you can choose from.
It is even possible to expand and add to your modular house after you move into it. Since builders will manufacture your home on-site, it will be much more environmentally sustainable than other kinds of homes.
Modular Homes Vs. Homes Built On-Site
When people build their homes on-site, they often experience weather-related delays. Homes that are built on-site also tend to be more costly and will take longer to build.
Keep in mind that there are many companies that manufacture and sell modular homes. There are some companies that sell modular homes at rock-bottom prices.
These low-priced homes are often built with lower-quality materials. This is why it is essential that you take time to shop around. Spend plenty of time doing in-depth research.
The Pros and Cons of Modular Homes
You won’t need to worry about organizing inspections for your modular home because workers will do this at the factory.
It will also cost you less to maintain a modular home because they tend to be built with energy-efficient materials.
Before you look into buying a modular home, you will first need to buy land.
It will also be necessary for you to create a foundation. Once this is complete, you will need to add hookups for electricity, plumbing, and sewage.
You might need to get a construction loan if you need to finance a modular home. Unfortunately, this kind of loan will only be good for one year.
You’ll then need to complete the home loan process in order to secure a long-term mortgage.
Understand the Benefits of Purchasing a Modular Home
You should consider purchasing a modular home if you want to save money and if you don’t want to worry about dealing with weather-related building delays.
Don’t forget to check out the Real Estate section of our website to find out more about what it takes to find the home of your dreams.
