Is A Modular Home Worth It?

Modular homes have come a long way in recent years. This type of housing is no longer considered low-quality housing.

It also offers several advantages that aren’t available in traditional home building.

Below, we’ll go over the pros and cons of modular homes to determine if a modular home is worth it?

Is a modular home worth it?

Yes, a modular home is worth it because they are built to strict quality control guidelines.

Modular homes also cost less and are built faster than traditional stick-built homes.

Why Is A Modular Home Worth It?

Modular Homes Use Strict Quality Control Guidelines

Because modular homes are built in factory-like settings, quality control is very serious.

Every part is created on an assembly line and put together under supervision.

In comparison, a stick-built home, a traditionally built home, is built from scratch.

If the builder doesn’t protect the building materials from the elements or makes unchecked errors, the home could be compromised.

Unfortunately, many problems with stick-built houses occur during the building process and don’t become clear for several years.

With a modular house, all steps of the building process are intensely supervised. So if there was a problem, it would become evident immediately.

Modular Homes can be Built Fast

Another bonus associated with modular homes is that the home can go up fast. Often, much faster than a stick-built home.

When builders start a stick-built home, the materials are often sourced from all over the country and transported to the site.

At a modular home factory, each home uses similar materials, which means the materials are available in plenty.

With materials available at all times, there is no delay due to transportation or lack of materials.

Access to all supplies means builders won’t lose time compared to stick-home builders.

Another issue that slows down the building of stick-built homes, but doesn’t affect the building of modular homes is the weather.

As we’ve said several times before, modular homes are built in factories, which means inclement weather will never slow down the process.

Stick-built home builders can be bothered by the weather, which can shut down a site for days or even weeks.

Modular Homes Cost Less than Stick-Built Homes

For several reasons, modular homes are cheaper to build than stick-built homes.

With fewer building supply shortages and weather delays, a modular home goes up faster than other types of housing, which saves you time.

There are also fewer costs associated with this type of build, which amounts to savings.

If the house is being built far from town, a modular home builder will save even more because the materials will only need to be brought to the site once.

Modular Home Manufacturers Offer Financing

If you’re building a modular home, you will have access to traditional home financing.

In some situations, you’ll also have access to modular home manufacturer financing.

Many times, manufacturers offer better lending options than traditional home financing companies, which will save you more in interest.

One thing to remember when you’re building a modular home is that while you may have many financing options, the process will likely be a bit more difficult than a traditional home building loan.

You may even need to get two loans, one for financing the modular home, and another to pay the builder.

What About The Downsides of Modular Homes?

Modular Homes aren’t Very Customizable

Another thing to consider before choosing a modular home over a traditionally built home is customization.

A stick-built home has endless possibilities for customization. Whatever you want, a builder can build.

The same isn’t true with a modular home build.

You may have choices when it comes to wall color, flooring, and several other decorative choices, but won’t be able to make many customization changes due to the restrictions of the parts being created.

Land Must be Purchased

With a modular home, you’ll need to buy land. You’ll also need to buy land if you’re building a stick-figure home, but the differences can be huge.

If you are building a stick-built home, the land development of the property is often built into the price.

If you’re buying land for a modular home, you’ll need to consider how much it will cost to develop the land before the home can be placed on the property.

If you need to hook up sewer and electricity to a modular home property, the cost can be significant.

Modular Home Stigma

The belief that modular homes were trailers has long been squashed.

But, there are still some municipalities that include modular homes in their community’s restrictive covenants, which means a modular home cannot be built there.

However, it may be possible to appeal this type of document due to the updated guidelines regarding this type of build.

However, it is in your best interest to understand these restrictions and determine whether they pertain to you or not before you begin the building and buying process.

Frequently Asked Questions about Modular Homes

Here is a list of questions to get answered, if you are considering a modular home build versus a traditional, stick-built home.

How do modular homes sell compare to traditional homes?

No one wants to lose value in their home when they sell.

So, it’s important to ask what the comparability is between modular homes and traditional stick-built homes on the housing market.

Can modular homes be built on slabs?

No, it’s important to realize a modular home cannot be built on a slab.

The design of the home requires a basement to be built, which adds to the overall cost of the build.

Final Thoughts

Overall, when you consider is a modular home worth it? The answer is yes.

A modular home is worth buying.

As long as you understand the customization limits and the added cost of developing the land the home will be built on, you can save money without risking your investment when you opt for this type of home.

A modular home is also a quick build, which will get you in your home faster.