A modular home is a home that is built in a factory, in sections. The factory is climate controlled away from all the elements. At no point in the building process does the modular home get exposed to the outdoor weather. The building process for a modular home takes about 1 – 2 weeks. Once the home is delivered to the location, it takes another 2-4 weeks to complete the process.
The term modular home used to be synonymous with manufactured home or mobile home. Today, the standards for modular homes have changed and modular homes are now in sync with site built homes. The same building codes are followed for both types of homes.
By looking at a certain home that was a modular home, more times than not, you would have no idea that a home was a modular. There are unlimited home designs and layouts that can be chosen for a home. A modular home can be added to the same way a site built home can be.
Around 40, 000 modular homes are built each year in the United States. A national average for these homes is $50 – $65 per square foot. This includes the house, transportation, setting and application fees. The price does increase depending on outside factors. Where in the county you live, what amenities you want in your home, the price of the land where your home will be, taxes, etc. Porches, garages, things of that nature are also additional fees that would add to the sale price.
A modular home is financed the same way as a site built home would be. The mortgage loan is treated the same way a site built is.
Resale of these types of homes is not an issue either in terms of the type of home. They are treated the same as site built homes and are marketed in the same approaches. The look of the home, the amenities, the condition of the home, these all play into the sale of a modular home the same way they would with a built on site home.
Modular homes have come a long way and are now on the same level as site built homes. Depending on where in the country you live, a modular home might actually get you a new home faster since you do not have the elements to deal with. If you do choose a modular home, do not worry, they are worth the money and make wonderful homes.
|
|