Real Estate

Modular Home Sales – Worth It Or Not?

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.

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.

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 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.

For information and tips on modular homes prices and modular homes dealers visit Modular Homes

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