Are Modular Homes More Expensive Than Those Built On-site?

Prefab houses can typically save you quite a bit of money. Because they are constructed in a factory, they can be built fairly quickly — in a matter of weeks, as opposed to months — because there are no weather delays. Furthermore, all inspections are performed at the factory during each phase of construction by a third-party inspector, and are completed before the homes are transported to their permanent locations.

It is important to note, however, that the more complex the design and specs, the more your home will cost. Electrical, plumbing and duct work are often not factored into the initial pricing, so your final cost may be 20 percent more than the builder’s quote. You might also need to install a septic system, natural gas or a basement; these, too, will add to your bottom line.

How can you recognize a modular house?

Every modular home should have a small metal tag on the outside of each section, or in kitchen cabinets and bedroom closets. If you cannot locate these, you should be able to find details about the home in the electrical panel box. The tags also include the manufacturing date.

Prefabricated houses are built on non-removable metal chassis. If you are looking at a home that you think could be prefab but whose markers have been removed, look for small holes in the structure where the markers should be.

What are the benefits of owning a modular home?

Modular homes can be more affordable than site-built homes. Their shorter build time will save you money on the overall construction. Home inspections are not needed, as these are all done in the factory.

Modular homes are much more energy-efficient, so your monthly expenses will be substantially less. They also are environmentally friendly. There are a great variety of homes from which to choose, and many architects specialize in designing modular homes. As with any home, modular homes can be expanded.

A homeowner must own the land on which the home will reside; depending on your location, that could cost upwards of $100,000. Unlike regular homes, the lots cannot be built on subdivisions. The initial fees can be cost-prohibitive for some; the builder must be paid first, and in full, before the process has been completed (or, in some cases, before it has begun).

One option is to get a special construction loan. This loan is valid for one year; when the work is completed, the dealer will pay off the loan and a traditional mortgage will be issued. Therefore, it is important that you know your budget and shop around.

Another important thing to note is that the rules in this article apply only to U.S. residents. If you live in another country, you will need to check that country’s guidelines.

Eastland can provide all kinds of building materials, including AAC Panel, Wall Lining, WPC Board, SPC floor, Fiber Cement Cladding, Prefabricated House, Metal Roof Tile, Asphalt Shingle etc.