Benefits of Modular Homes

Modular homes can reduce construction time by more than 35 percent, getting you into your new home faster so you can enjoy it longer. Site-built homes can take many weeks to complete, while modular homes are assembled on site and once delivered to your property are usually finished within a week.

Modular homes offer price savings other approaches cannot. Because most modular construction can be completed in less time than site-built construction, for example, the cost of interim construction financing is significantly reduced or eliminated.

With a modular home, you own the land it is built on your property like and like single-family homes, modular homes appreciate over time.

You might hear modular homes compared to stick-built homes, which are homes built on site. This is a fair comparison, because modular homes are assembled on 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 that apply to stick-built homes. Manufactured homes, on the other hand, follow the federal HUD (Department of Housing and Urban Development) code.

“With a stick-build home, someone’s going to come in, they’re going to frame out your house over a year, “However, when it’s raining, that foundation is getting all of this moisture. With a modular home, it’s pretty much never exposed to the elements.”

The biggest pro is that modular homes are far more affordable than stick built homes.

Modular Home Pricing

On average, building a modular home is estimated $100 to $200 per square foot to build, plus the cost of land and fees (including building permits). An 1,800-square-foot modular home will typically cost between $180,000 and $360,000, while the cost to build a custom home estimated from $350,000 to more than $1 million. Of course, prices will vary depending on the types of custom details and finishes you choose.

“Modular homes are popular in senior living 55+ communities thanks to their affordability and energy efficiency, residents can enjoy the comforts of their own home while benefiting from the community amenities and care found in traditional senior living facilities. In recent years, there has been increasing popularity amongst homeowners of all ages, especially in markets experiencing housing shortages or higher home prices.”

And given their affordable price point, modular homes make great starter homes, too.

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