Modular Home Sales - Are They Worth The Cost?

By: Andy Zain

A modular home is a home that is built in a factory, in sections. The factory is climate controlled away from all the elements. At no point in the building process does the modular home get exposed to the outdoor weather. The building process for a modular home takes about 1 - 2 weeks. Once the home is delivered to the location, it takes another 2-4 weeks to complete the process.
Modular homes used to be along the same lines as a mobile home or a manufactured home. The standards for these homes have greatly improved. They are now on the same lines as site built homes. The building codes are now the same. The way these two types of homes are built is the only difference in these homes.
Modular home purchased can be made to any specification wanted. A single story, a two story, any home layout, it can all be done. These homes can be built with basements, they can have decks, porches, and attached garages; if you want it, it can be added. If you were to drive around any neighborhood, more often than not, you would not be able to tell the difference between a traditional site built home and a modular home. That is how far they have come.
Each year about 40, 000 modular homes are built throughout the United States. The price per square foot is between $50 and $65, according to a national average. This price includes the home, transportation of the home, application and setting fees. This price does go up depending on variable factors. Where you live in the country, additional upgrades and amenities, the size of the land you want your home on, the tax rate in your area. Additional structures such as garages and porches not included in the original purchase price will also add to your home cost.
A modular home is financed the same way as a site built home would be. The mortgage loan is treated the same way a site built is.
Since a modular home is treated the same way as a site built home, resale values are on par with these homes. They are marketed the same way and sold the same way. Factors such a lot size, location, curb appeal, and amenities all play into the selling of a modular home.
Today, modular homes are very close if not equal to site built homes. Modular home sales are up and depending on where you live in the country, you might be in your new home faster due to weather conditions. If you were to purchase a modular home, fear not, they are right on par with traditional site built home and will last long and make wonderful investments.

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For information and tips on modular home prices and modular home dealers visit Modular Home

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