Choosing a home can be a long and tiring task. There are a lot of variables to consider like if you want old or new, country or city and of course the price range that your new home needs to fit into.
If you’ve been considering building a new home but are on the fence about it, here are a few pointers on how to know if a modular home is right for you.
Modular homes are generally constructed and completed faster than a stick build home. With a modular home, materials do not have to sourced from various suppliers making the process faster.
Modular homes are constructed indoors, eliminating the worry over weather delays. Typically, with stick build home, there can be a few months worth of obstacles, especially if it is a hard winter.
Another bonus? Transition time for your existing home to your new home a quick process and removes any time constraints you may feel while waiting for a stick build home to be completed.
This can be a pro and a con. Modular homes cannot be customized as much as a stick build home. This can mean that you can take a very hands-off approach. What does that mean? You can pick the floor plan that best fits your need along with the finishing touches that fit your taste but that’s pretty much it. This lack of customization is what makes a modular home quick to produce and cost effective.
On average, modular homes can be up to 15% less expensive than a stick built home. With the savings of a modular home, you could possibly put the extra budget into buying the perfect land.
Variety of Financing Options
In addition to the regular financing options that most home buyers have, you also have the option of financing the home through the manufacturer. Sometimes manufacturers will offer better financing options than other lenders, which means you not only get a less expensive home, you also can often get more favorable financing. This of course is not always the case but certainly worth looking into.