Modular Home Sales - Are They Worth The Cost?
Factory built in sections in a clean, weather free area, that is what a modular home is. The only time these homes will be exposed to the elements is when they are being transported to where they will be set up. These homes are built in the factory in about one or two weeks. Once they are at their final place, they take about 2-4 weeks to the final product.
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.
Modular home purchased can be made to any specification wanted. A single story, a two story, any home layout, it can all be done. These homes can be built with basements, they can have decks, porches, and attached garages; if you want it, it can be added. If you were to drive around any neighborhood, more often than not, you would not be able to tell the difference between a traditional site built home and a modular home. That is how far they have come.
Each year about 40, 000 modular homes are built throughout the United States. The price per square foot is between $50 and $65, according to a national average. This price includes the home, transportation of the home, application and setting fees. This price does go up depending on variable factors. Where you live in the country, additional upgrades and amenities, the size of the land you want your home on, the tax rate in your area. Additional structures such as garages and porches not included in the original purchase price will also add to your home cost.
Financing for these homes is not any more of an issue than it is for traditionally built homes. Since these homes are viewed very closely, mortgages are secured in the ways and written the same.
Resale of a modular home is done the same way as a traditional home is. They are in the same market and the same buyers are competing for these homes. Location, lot size, curb appeal, home maintenance and condition, it all factors in. If you take care of your modular home, the resale of your home should not be a problem.
Today, modular homes are very close if not equal to site built homes. Modular home sales are up and depending on where you live in the country, you might be in your new home faster due to weather conditions. If you were to purchase a modular home, fear not, they are right on par with traditional site built home and will last long and make wonderful investments.