Modular Home Value vs. Stick-Built Value
If you’re starting to think about purchasing a home, you may be considering different types of housing options. Some people choose to buy a stick-built home. This is a house that is built on-site at their property. Others choose to go for a modular home, which is built in a factory and then permanently placed on site. While there are benefits to both, a modular home has a better value compared to a stick-built house than you might think. We want to help you make a better choice went it comes to your next home, read on to learn more about the value of going modular.
Modular Home Values Can Be High
Just like with traditional homes, a modular home’s value can fluctuate based on many factors. The good news is that many modular homes end up having a similar resale value as a traditional home. They can also sell for a higher price! This is because many modular homes are so customized and boast such impressive upgrades that it can be hard to tell that they were even built off-site. If you’re considering this home option, don’t let home value concerns steer you away.
You Get More Value with Your Purchase
In many cases, you may be able to save money on your home purchase when choosing to utilize modular home dealers. The total home cost varies based on the design and upgrades that you choose, but you can save big because the construction time is a lot quicker since it’s built indoors. This means you can enjoy your new home sooner since you won’t have to worry about weather delays and other potential problems. If you want more bang for your buck, it’s worth looking into modular home options.
Don’t Forget About the Land
When you build a modular home, you also need to purchase the land where you plan to build it. If you purchase land in a more attractive area, like one with a great school district or near a popular town or city, this can increase home and land value. It’s a good idea to put a lot of thought into your land purchase so that you can consider the future resale value and also make sure that you’re completely happy in your new home and neighborhood. Modular home dealers can help you better understand how to go about buying the perfect land for your new dream home.
Modular Houses Are an Increasingly Popular Home Choice
As more people learn about the benefits of modular homes, more of them are deciding to choose them for their next home. According to the Manufactured Housing Institute, more than 80,000 new manufactured homes were produced in 2016. These homes continue to gain popularity as homebuyers look for alternatives to traditional stick-built residences.
If you’re still wondering “what is a modular home” or if you want to explore more, including learning about home value and total cost, contact the home building specialists at Yates Home Sales. We’re ready to help you design your dream home!