Pros and Cons of Buying a Modular Home
When buying a new Modular Home, it’s important to understand how it compares to Site-Built and Mobile Homes.
People use a variety of terms to refer to the three main home types, often confusing the three. Here are the correct and most widely used terms in the industry:
- Modular Homes are also referred to as: Factory-Built, System-Built, Prefabricated, (Prefab) and/or Panelized Homes.
- Site-Built Homes are also referred to as: Traditional or Stick-Built Homes.
- Mobile Homes are also referred to as: Manufactured, Single Wide or Double Wide Homes.
Advantages of Owning a Modular Home
There are numerous benefits to owning a Modular Home including:
- Modular Homes offer a quality, cost-effective housing option.
- They are energy efficient, saving you money in heating and cooling bills.
- They are environmentally friendly.
- They can be constructed faster than a site-built home.
- They cost less than site-built homes.
- They can be modified to your design and layout requirements and specifications.
- They are built to the same local and state standards and zoning codes, as traditional homes.
- Modular homes are also designed to be stronger than site-built homes. Joints are secured with screws in place of nails, and are also further reinforced with glue.
- They appreciate over time.
- They have lower long-term maintenance costs than traditional homes.
- They are fast to construct, saving you time and money in both labor and interest loan payments (during the construction period).
- Construction is not weather dependent, so no weather delays and no damage to building materials.
- The chance of building site interference, such as vandalism is kept to a minimum, as the construction takes place in a secure indoor factory setting and your home is then delivered and placed directly onto a foundation that prepared at the same time as your home was being constructed.
They can be built on to and/or expanded in the future should your needs and requirements change.