| Modular Home Sales - Worth It Or Not? |
| Written by Andy Zain |
| Sunday, 04 October 2009 12:38 |
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Modular homes are homes that are factory built, in pieces, away from the outside elements. The only time these homes see the outside weather is when they are being transported to their final destination. In the factory, these homes take approximately one or two weeks to build. Once they get to their final destination, they take another two to four weeks to be the final product.
Modular homes are homes that are factory built, in pieces, away from the outside elements. The only time these homes see the outside weather is when they are being transported to their final destination. In the factory, these homes take approximately one or two weeks to build. Once they get to their final destination, they take another two to four weeks to be the final product. In the past, a modular home used to be in the same category as a manufactured home or a mobile home. Today, the standards have changed. Modular homes are now on the same level as site built homes. The building codes are the same for both types of structures. The only difference is the way they are built. 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. Since a modular home is treated the same way as a site built home, resale values are on par with these homes. They are marketed the same way and sold the same way. Factors such a lot size, location, curb appeal, and amenities all play into the selling of a modular home. 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. About the Author: |