Can I Put A Modular Home On My Parents’ Property?

A lot of individuals are contemplating modular homes nowadays, yet they have a significant question: Would I be able to place a modular home on my parents’ land?

The answer is yes. Any structure that is built on your parent’s property will be considered a part of their land and therefore will be subject to the same laws as their primary home.

You’ll want to subdivide the property if you would like a mortgage and put the modular home in a different name.

When considering the legal ramifications of putting a modular home on your parent’s property, you need to speak with an attorney about the specifics of your situation.

Read on to learn about why building a modular home on your parent’s property may be a great idea.

How To Build A Home On Your Parent’s Land

You can put a modular home on your parent’s property if you plan it out properly.

First, subdivide the land into two sections and get a mortgage in a different name for one of them to contain the house.

Second, speak with an attorney about the specifics of this situation before building anything so that you don’t run into any surprises.

As a final note, if you’re considering putting your modular home on your parent’s property because it’s easier to make payments, be sure that the mortgage is in as many names as you need.

When making big decisions like this one, always speak with an attorney first!

There are many nuances as well as potential benefits that professionals can help you with.

Benefits Of Building A Modular Home On Your Parent’s Property

There are many reasons why building a modular home on your parent’s property is the right decision. Here are just a few:

It’s More Affordable To Build A Modular Home

You’ll have fewer upfront costs, so you can put that money towards other things like furnishing or landscaping.

This is because modular homes, on average, cost about 60% less than a site-built home.

Modular homes are also cheaper because they don’t require an architect, the permitting process is more straightforward, and they can be installed on your property at a much faster pace.

Building A Modular Home Won’t Mess Up Your Parent’s Yard 

If you’re worried about the landscaping, don’t be.

Modular homes are much easier to install than site-built homes because they can be set right on your parent’s property and won’t require any major excavation.

Your parents will also appreciate this perk if their yard is in good condition and they don’t want it to be disturbed.

Other ways you can protect their land during your build is by ensuring you have a good contractor and by installing the modular home on a concrete slab.

You’ll Be Able To Spend More Quality Time With Your Family

Building your own home won’t just benefit you, but it will also provide more time for your parents to spend with their grandkids and other family members when they visit.

You can spend time together on the weekends, share meals, and work together on the shared land.

You’ll also have peace of mind that you’re nearby in case of any emergencies or family problems.

It’s A Perfect Investment For Your Parents To Make In Their Future

Well-maintained modular homes can be passed down to generations, so it has the potential for long-term value growth because of how well they retain their value.

If they ever need to have a hospice or assisted living situation, they’ll be able to move into their modular home and have the same level of independence.

It will also increase the property value of your parent’s home, which can be a great bargaining chip for a retirement fund.

Less Unexpected Building Issues

There are fewer surprises when building a modular home because the designing and engineering have been done ahead of time.

You won’t have to worry about how things will line up or connect due to all the planning that went into this design beforehand.

It’s much easier for your contractor, as they know what is coming next and can plan their time accordingly.

You’ll have a much smoother installation process because of all the planning that will already be done and over with before you even put in an order for your modular home!

It’s Easier To Get Financing On Modular Homes

Many lenders and mortgage companies are becoming more open to modular home mortgages.

This is because they have become much less risky in recent years, as there’s a lower risk of major issues like settling, subsidence, or flooding post-construction.

Modular Homes May Come With Additional Features

Modular homes also offer several features that you may not be able to find with a site-built house.

For example, they come with energy-saving features like new insulation and better windows to help you save money on your utility bills.

You’ll also have easy access to an HVAC system in a modular home because it’s already installed!

You won’t need any special tools or equipment for installation either; all the hard work has been done for you beforehand.

You Can Choose A Variety Of Home Sizes

Modular homes are available in a variety of sizes from tiny to giant, so even if you need something on the larger side, there’s likely going to be an option that will fit your needs.

If your parents have a smaller piece of land, you can purchase a modular home as small as a studio.

Conversely, if you plan on moving your entire family in, you can purchase a modular home of up to five bedrooms.

Your Mortgage Will Be Smaller And More Manageable With Their Land As Collateral 

It’s a common misconception that your mortgage will be higher when using their land as collateral.

It usually makes the payment easier to manage because you don’t have to pay for site preparation and there are fewer steps in construction.

Making payments is also easier because modular homes on average cost 60% less than site-built ones.

The down payment is also much lower, which means the mortgage is smaller and more manageable.

A Modular Home Can Be Installed Quickly And Easily

Modular homes are also quicker to build, with an average completion time of just 45 days!

This is great because you’ll be able to move in much sooner!

This also limits the amount of noise and disruption that you’ll have to deal with, as a new home builder will need more time to set up and start construction.

If you’re moving in because a parent is ill or needs help with their daily business, a quick home build can save a lot of time and help you to prioritize their needs.

Final Thoughts

Will you be able to put a modular home on your parent’s property? Yes, if they have the land for it!

You’ll want to talk with an attorney about any new laws or changes in their building codes before proceeding.

A modular home will be a great benefit to you and your loved ones and serve as a sound investment as well.

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