A modular home can be a smart, affordable option for people in a competitive home market.
But what is a modular home?
It sits on the slab or foundation where it is pieced together.
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Modular homes are similar tomanufactured homes, except (among other differences) they’re built to different codes.
Modular homes are different thanRVs and mobile homes, too.
“RVs are mobile, meaning they aren’t constructed on a foundation like a modular home.
RVs are meant to move around.
And like single-family homes, the value of modular homes appreciates over time.
You might hear modular homes compared to stick-built homes, which are homes built on-site.
Modular homes areassembledon-site, but the actual construction of the structure itself takes place off-site.
Another feature that sets modular homes apart is building codes.
Modular homes follow local, state, and regional building codes for stick-built homes.
What Are the Pros and Cons of a Modular Home?
Carson says the building method for modular homes makes them more energy efficient than stick-built homes in many cases.
“However, when it’s raining, that foundation is getting all of this moisture.
With a modular home, it’s pretty much never been exposed to the elements.”
You’ll have a handful to choose from, depending on each builder.
Still, customizing the interiors is easy, Morales says.
The biggest pro is that modular homes are far more affordable than stick-built homes.
Of course, prices will vary depending on the types of custom details and finishes you choose.
One important thing to consider is that, due to zoning, these homes are not possible everywhere.
“Another reason modular homes might not be possible everywhere is the weather.
But if your area experiences relatively moderate weather, you may be okay with a money-saving modular home.
What Is the Resale Potential of a Modular Home?
Modular homes appreciate value, so you should see a return on your investment in the right market.
Given their affordable price point, modular homes can makegood starter homes, too.
Should You Buy a Modular Home?
“And that’s just going to vary from builder to builder.”
A tiny home can be created from avintage traileror designed to a home buyer’s specifications.
An ADU (Accessory Dwelling Unit) offers separate additional living space where there’s already a home built.
Frequently Asked Questions
A modular home can be placed just about anywhere a stick-built home can.
Check your local county ordinances for any restrictions on modular home building in your area.
Modular homes can last as long as any traditional built-in home.
However, keep in mind many modular homes come with a 50-year warranty.
The most important thing to consider is how well they are constructed and the materials used.
That’s what will determine their longevity.
