![]() ![]() However, public opinion of modular homes is still catching up. If you choose to select higher quality or heavy materials, shipping costs can go up.Ī common myth is that modular homes are worth less than their stick-built counterparts when in fact, modular homes appraise for the same value. Transportation has been known to cause sheetrock damage and building delays. In addition, each piece must be shipped to your building site. With a modular home, the components are built off-site, so an internal or structural misstep may go unnoticed until time for assembly. However, with stick-built homes, supervision of construction from start to finish is common and errors along the way are often caught and fixed. Drilling for water or building a septic system can take on tens of thousands of dollars to the overall cost of your home build.Īs mentioned above, prefab homes, or modular homes, are made from the same materials as stick-built homes. If you find an inexpensive piece of land, you’ll need to ensure it has access to utilities, water, sewage, and more. If you desire to live near aĬity, parcels of land are much more than their rural counterparts. Depending on the area you wish to live, land costs can add a decent upcharge to your overall home building cost. In addition to the purchase price of your modular home, you’re going to need to buy a place to put it. It can be done, but it’s not as straightforward as your standard Often times, home buyers are forced to implement workarounds by taking out a construction loan to pay the initial costs, then convert it into a mortgage loan once the home is built. The construction process for unforeseen obstacles. ![]() The homebuilder may also require periodic payments throughout Most modular home sellers require payment in full before assemble of your modular home begins. Lending options for modular homes are also more restrictive than a typical stick-built house. Depending on your home building desires,Ī modular home may not be the best option for you. Your stick-home plans could include an all-glass rotunda or a log-cabin style great room but the modular home options are much more limited. Many modular home builders offer set floor plans that buyers can choose from but can’t completely create each modular piece to home buyers specific preferences. Compared to stick-built homes, modular homes are limited when it comes to specific customizations. ![]()
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