Modular Home Sales - Are They Worth The Cost?
Posted by Andy Zain | Filed under Real Estate
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.
Modular homes used to be along the same lines as a mobile home or a manufactured home. The standards for these homes have greatly improved. They are now on the same lines as site built homes. The building codes are now the same. The way these two types of homes are built is the only difference in these homes.
Modular homes today can be built any way anyone wants. They can be single story, double story, any layout, the possibilities are endless. A modular home can have basements, a huge porch, decks, etc. If you were not told, most of the times you would not know a modular home from a site built home.
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 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.
The standards for today’s modular homes equate to that of site built homes. The standards are the same, the layouts, the amenities and upgrades can be the same and the longevity of these homes is the same. If you purchase a modular home, it will last a long time and will be well worth the investment.
For information and tips on modular homes prices and modular homes dealers visit Modular Homes
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