7 Advantages of Buying a Modular Home
In the past, modular homes were considered less valuable than homes built on-site. Some people thought of them as dangerous substitutes, while others felt they were a waste of money. Thanks to modern technology and a streamlined production process, however, these homes have become a worthwhile option. In fact, there are actually many advantages to buying a modular home.
Customize to Fit Your Needs
Some people believe buying a modular home means you are stuck with a bland, cookie-cutter home. While images of a heartless, assembly line may come to mind, this is not the case. There are many different possibilities to choose from. These custom details includes everything from floor plans options to your preferred type of windows. As long as you adhere to your state’s building codes, you can work with the manufacturers to build a home that represents you and your needs.
Strict Building Codes
As previously mentioned, every state has their own strict building codes in place. These rules are made to ensure that the home and property are safe for you and your neighbors. With modular homes, the manufacturers must receive approval of the floor plan before they can begin construction . Modular homes are also inspected during production. This protects homeowners from structural or safety concerns later on.
Move In Sooner
If time is of the essence, then modular homes may provide another advantage. Whether it is due to a new career opportunity or born out of bare necessity, there are times when you need a home sooner rather than later. Modular homes typically After your closing is completed, modular homes are quickly and efficiently made in a factory-style environment with specialized equipment. This means, you can go from finalizing floor plans to moving day in much less time than on-site construction.
Better for the Environment
Modular homes are also eco-friendly and better for the environment. The construction of modular homes is not as wasteful as building onsite. Because these homes are made off-site, there is a significantly smaller amount of waste and debris to remove once the home is in place. They are also designed to be energy-efficient. During production, the manufacturers can thoroughly check for cracks and gaps. Sealing the areas allows more heat or air to stay inside, which lowers your electric bill and saves money.
Many people often mistake modular homes for manufactured homes. However, manufactured homes are a completely different housing option. While both are made in a similar environment, modular homes are placed on a permanent foundation. This means your home is not easily transported. Modular homes are also appraised at the same value as “permanent” homes, which means they do not depreciate over time. They are considered “real” property maintain their worth over time, just like homes which were built on-site.
Same Financial Benefits and Responsibilities
Another common misunderstanding is that homeowner’s insurance premiums are higher for modular homes than those built on-site. The fact is, on average, insurance premiums are similar. This is also true for home loans and taxes. Lenders and other financial institutions view these homes as similar investments. Bottom line: there is no financial penalty or discrimination against homeowners who choose to buy a modular home.
Safe & Durable
Many people also assume that modular homes are not as safe. In reality, most modular homes are built to resist severe weather. Because they are made in a controlled environment, manufacturers have an opportunity to test the strength and durability of these homes before they reach the owners. If you are concerned about inclimate weather, your home can be built to withstand winds of 175 miles per hour.
Buying a new home is a big deal and modular homes are not for everyone. There are many reasons why someone may need to build their home on-site. However, there are many misconceptions about modular homes. It is important to know all the facts when considering your options.