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Complete Guide to Buying a Modular Home

It is everyone’s dream to own a home someday. However, the question is which type of home. For most people, building on-site is not an option as it takes time and is expensive.

An alternative for that is modular homes. They are cost-friendly and take less time to complete. However, it can be hard to get your way around modular homes and what they entail. This article gives a complete guide on modular homes and everything you need to know before purchasing one.

What is a Modular Home?

modular home
A modular home is a home built in a factory or a manufacturing setting. It is a prefabricated building with repeated sections called modules. The modules are constructed away from the building site then delivered to the site, where installation is done. They are also referred to as factory-built, system-built, and prefabricated homes. The system first constructs the floors, followed by the walls, doors, windows, cabinetry, electrical systems, and lastly plumbing. All the units are then checked for quality and are documented. The units are usually 14 feet in width and 60 feet in length.

Modular homes take less time contrary to traditionally built homes. The process of building off-site saves time compared to on-site. Modular homes are built faster. It takes roughly a month and two weeks to complete the construction. Another 4 to 6 weeks will be needed on-site to install your home and complete it. However, the time might vary depending on the kind of project. Smaller homes will take a faster time, while big projects that require a lot of design might take longer. With that, you are sure the house will be completed between 14 to 16 weeks regardless of the factors.

The Cost of Building Modular Homes

As previously mentioned, modular homes are cheaper and effective than building on site. However, the cost varies depending on different companies and factories. For traditional houses, the cost doubles up the more you continue building. If not well planned, all money could go into the construction. However, for modular homes, the cost will not be the same. With proper planning, one can buy a modular home with a reasonable amount of money.

Pros of Modular Homes

Modular homes are the future of homebuilding. Not only do they provide a customizable design, but since modular homes are built in factories and not on-site like traditional ones their quality remains high regardless of weather or time constraints that could hold up construction at other sites. They require no inspections either because they have already been inspected during production, which means you can enjoy your new custom modular home much sooner than with any other type.

Modular homes are also affordable and take less time to build. Most people prefer these houses because they are built faster. Modular homes’ materials come from environmentally friendly sources, making them better for the environment too.

Cons of Modular Homes

For starters, you have to buy land before buying the home; this can be expensive because not everything is constructed off-site. The foundation for a modular home has to be built on-site. This means more work than an already finished house with its own foundation that was just put in place by builders when they were done constructing it at their factory where all parts were preassembled beforehand. A number of different things need electrical hookups like lighting fixtures or outlets as well as plumbing such as water pipes and drains. In addition to this, modular homes cannot be built on subdivisions as they are constructed all at the same time.

For modular homes, you will need a construction loan to finance the start of modular construction. The loan is only good for a year. As for traditional homes, loans are not needed at the beginning. You can take the loan when you want to. Furthermore, once the home is put together on the foundation site, you will need to convert the construction loan you took into a long-term home loan. Unlike traditional homes, you do not need to take a mortgage because the house will be yours.

What more could one ask for if they can get their dream home in less than four months? Modular homes are the best and it is never too late to start planning. With a little bit of information, you will be able to find your perfect modular company without any problems at all. All that matters is putting some thought into what kind of construction company will work out great for you and the kind of house you want.

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