Owning a Modular home is not as bad as some people think. Now is the time for modern technology and while others do not like the idea of buying a prefabricated house, it is the best bet nowadays of aspiring home owners. Why? Because modular home prices are a lot cheaper and is quick and easy to build, as compared with getting a house that is traditionally built and takes months or years before you can occupy. With modular home, it only takes a few weeks from start to finish and you can move in,

What Exactly Is Modular Home? 

A modular or a pre-fabricated house, is a house where its parts are made in a factory-like setting. The finished parts, are transported to their new location and are being assembled by the builders. It is not a mobile home, no. It’s is just simply a home built offsite and assembles onsite. There are even nice photos of it on the ToughNickel website that you can check out, and an article with all their estimates.

Cost of Modular Home

So how much do modular home cost? The answer may vary. Modular home builder companies are in competition with each other when it comes to finding clients. Some companies claim that they can build a home in as low as $35 per square foot, but that quote without your knowledge is only the base price. So when you talk to someone about modular homes, you will also need to be familiar with the terms used in order to distinguish the price you are referring to. Ask some specific questions about modular home prices as well, this way, you will know specifically which price is being discussed.

For your information on modular home terminologies, the base price is the cost of manufacturing the modules for the base plan alone. It does not include the customizations or alterations yet. Some companies purposely reduce the base price artificially by listing space, like an unfinished porch or an attic room, as part of the total square footage. Once the buyer has asked the question, how much do modular home cost, the agent will just simply tell, and it will be up to the buyer to decide whether the modular home price is justifiable to him, then he can buy it. The average cost for the base price is around $50 per square feet.

Then there comes the “Custom Price,” this is another part of the cost of modular homes. This includes those parts of a home where you might consider living in already, like a garage. It is not yet the whole thing though, as it only includes the parts done by the manufacturer at the factory. It will have an almost exact quote from the detailed quote, but the cost will unlikely change from the detailed one. The average price for the custom is $60 per square feet.

The “Delivered price” is still different from the other two mentioned above. The delivery Price only includes, the cost of manufacturing the home, customizations, delivery, and setting the modules but it does not include, attaching utilities, or touch up work and foundation. So if you hear your manufacturer say the term “set up,” there’s a half-truth there. You may mean finish, yet they they mean, setting the modules and securing them on the foundation but the rest is not yet finished. This one is $65 per square feet

The “Finished Price.” It includes everything mentioned earlier including the foundation, touch up work and utilities. The only thing not included in this is the taxes, fees and cost of property.  The Finished price average is around $110 per square feet.

Last but not the least is the “All-in Price.” Believe it or not, this one is impossible to estimate. It is because this depends on the size of the property you had built. This includes everything from the foundation to the site, work, utilities, and landscape, driveway, permits, tax and fees, all in!  So after all the breakdowns discussed earlier, there is still a very big likelihood that the final cost of modular homes will change. Now, if you are worried how on earth will be able to pay for all of these, well, the good news is that you can always apply for a modular home mortgage to help you with your home finances.

For further price breakdowns, you can visit the website Modularhomeowners.com and you will be given a very good estimate from an article there.

The Wrong Notion

Some people would argue that because a modular home is prefabricated and cheaper to build than a house built on site, it is of low quality also. Mind you, modular home builders follow or conform to the specific rules, building codes and guideline that surpasses that of the traditional on-site homes.  It is the duty of the company to strictly follow the standard and quality mandated by the government for the safety and protection of their clients. The, ‘how much do modular home cost,’ question although applicable may be worth it after all! It’s even a good thing that these indoor built homes can be completed in a matter of weeks and not months, this is because these modular homes do not experience typical delays caused by a bad weather that may affect an on-site built home.

Benefits

As we’ve mentioned earlier modular home prices could be much less than the price of an onsite constructed home. This is already one benefit of building one for yourself and your family. This is most probably because of the shorter build time, and with modular homes, there is no need for an inspection since all materials are already manufactured from the factory.

Another benefit of a modular home is that, they are energy efficient, and environmentally friendly, so you can be able to save on electricity and utilities. So much for the cost of modular homes, many architects are available in designing such homes, it is also flexible just like with other homes, in case you’d like to have yours expanded.

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