There are several reasons homeowners choose modular homes over manufactured homes and stick-built homes.
So if you’re an undecided homebuyer, here are the answers to all the questions you might have about modern modular homes.
What is a modular home?
A modular home is a prefabricated housing structure comprised of modules crafted off-site within a climate controlled environment of a factory. This structure is then delivered to its permanent location. The word “modular” refers to this specific off-site construction technique. They’re also frequently referred to as factory-built or prefabricated homes. These homes will be placed on a permanent foundation upon delivery to their final destination.
Are modular homes safe to live in?
Modular homes are constructed in a factory with a “safety-first” mentality. These structures must meet the same building codes and regulations as any home constructed on-site. According to FEMA (the Federal Emergency Management Agency), modular homes can endure severe weather conditions and general wear and tear even better than manufactured or stick-built homes.
So if you’re living in an area prone to storms, high-winds, floods, or other potentially damaging weather conditions, a modular home is worth considering.
Because they are constructed for safety and undergo rigorous inspections, modular homes are also typically very energy efficient.
Do modular homes hold value?
Modular homes do not depreciate in value, as they are considered a permanent structure. In fact, their value will be dictated by the market, location, and structure, just like a traditionally constructed stick-built home.
Not only do they retain value, but they also retain composition fantastically.
With proper upkeep, modular homes last just as long as any other home. They are fabricated with the same building material as traditional homes, so with general maintenance, they will have a similar longevity.
Is it cheaper to build a house or buy a modular home?
Modular homes are typically more affordable than homes built on-site for a few reasons:
– They take less time to build
– There is less material waste due to the factory setting and the standardization of sizes available.
– There is less labor involved in a factory setting as workers can easily work on multiple homes in the same day.
Can I install a modular home on a basement?
Your local building codes will determine whether or not you can place your modular home on an existing foundation like a basement. Typically, all areas allow for modular homes to be built on a basement foundation.
How long does it take to set up a modular home?
While it totally depends on the home builder you choose and the model you decide to place on your property, the whole process (planning, construction, and delivery) generally takes anywhere from two-to-three months.
However, this timeframe can change if you decide to modify the floor plan during the construction phase.
Can I put a modular home anywhere?
Typically a Modular Home can be placed in the same location a site built home can be placed. Normally both home types are subject to the same zoning laws. It’s always a good idea to check with your local modular builder before investing in a new piece of property.
Can I get a loan for a modular home?
Modular homes qualify for all the same loans as site built construction, so there is nothing to worry about when it comes to financing.
Can I customize a modular home?
You can customize a prefabricated home. However, many modular home companies already have a vast array of home selections to choose from. Many homeowners like to know that their purchase has already proven to be structurally sound, and they purchase the home “as is.” While you might request small adjustments like floor colors and cabinet style, there’s more than likely a style that suits your needs without requiring too many large adjustments that would likely drive up cost significantly.
What are the benefits of owning a modular home?
Modular homes can compete with the quality of traditional homes, and they are sometimes even higher due to the fact that they are all fabricated with the same factory-specified and state-dictated quality control. In addition they are road worthy as they have to be delivered to a site many miles from the factory. Most exterior walls come standard with 2” by 6” construction which is not standard in most site built homes.
They’re built quickly
Your dream home will be built and placed much more quickly than your neighbor’s stick-built home. While traditional home builders have to purchase materials from all over the country, modular home builders have all the materials in-house since they are built to templates. You also won’t have to worry about weather conditions during the construction of a modular home since they are created inside a climate-controlled factory.
Are there closing costs on modular homes?
Closing costs are present in every home transaction, whether it’s for a modular home, manufactured home, or stick-built home. These will most likely total around 5% of the loan for the structure and property.
Can you sell and move a modular home?
While you can technically move any structure, cost will vary on what kind of home you’re hoping to relocate. Modular homes will always be more cost effective to move than site built homes as these homes were already built to be roadworthy for the initial delivery. However, there will be significant cost to move any home once it is set on a permanent foundation. Since the modular homes follow the site built homes in value, most homeowners will find that selling their modular home and land where it sits has a more economical value as they gain the traditional appreciation we see in the site built market.
Why choose Century Homes for a modular home?
For nearly twenty years, Century Homes has met the dreams of homeowners seeking beautifully personalized value packed homes. Century Homes interior designers continually incorporate design trends from around the world to bring to life our color pallets with carpets, countertops, ceramic tiles, beautiful wood cabinets, and window treatments. These exciting options allow you to custom design your home to your individual taste preference. Our state-of-the-art climate-controlled manufacturing facilities in partnership with our design teams offer floor plan choices and home layouts engineered with energy efficient features and ease of maintenance. We continually strive to meet the needs and desires of busy families, empty nesters and home buyers realizing their dream of ownership for the first time. If you’re interested in learning more about working with Century Homes to build your dream home, contact us today!