Modular homes are among the hottest topics in the real estate industry. What exactly is a modular home? What are some pros and cons of modular homes? What should you know about buying or selling one? We’ll answer all these questions and more in this blog post!
What Is a Modular Home?
A modular home is a prefabricated (assembled in a factory) housing unit that’s built to meet both building and safety standards. Since the parts for these homes are manufactured off-site, they can be constructed at an accelerated pace.
Who Buys Modular Homes?
Modular homes have been gaining popularity with first-time homeowners and retirees, but they’re also becoming a popular option for luxury homebuyers.
Modular homes are often less expensive than site-built houses because the labor is done in a factory rather than on location. This cost savings can include money saved on hiring labor crews to work around your schedule, which means you don’t have to pay overtime.
What are the Advantages of Modular Homes?
Modular homes have several advantages over site-built houses, including:
Factory-produced materials mean that quality is consistent throughout. That means you don’t have to worry about one part being better than another since everything was manufactured in a controlled environment. This also helps prevent problems caused by changes in the weather, such as warping or cracking.
Modular homes are built faster than site-built houses because they’re constructed at a controlled pace and can be broken down into smaller modules for easier transport to your location. This also helps minimize disruptions while you live there since construction is completed more quickly. Modules can often be transported by truck, which means they don’t have to travel on a train or boat.
Modular homes can be easier to finance since the cost of labor isn’t included in your mortgage payment. Because factory-built materials are more consistent and less expensive than site-built products, financing is often available with lower interest rates as well. This also makes it easier to get a loan since you can now include the cost of installation.
What do modular homes look like?
Just as blueprints for new-construction home varys from one house to another, so do blueprints for modular homes. Many homebuyers opt for a more traditional style because they already have an idea of what their new space should look like. You can see more information here https://anchorhomes.com.au/
Some homeowners even request changes in the floor plan once they see how it’s going to be built and installed onto their site. This can include adding or revising certain rooms, such as a kitchen or an extra bathroom.
Other homebuyers decide to take their new space in a different direction and opt for modern design with contemporary angles. The exact style of your modular home is up to you – just make sure it matches the overall look you want for your property!
A well-designed home can increase your property value, whether or not it’s a modular home. You don’t have to worry about finding someone who wants to buy the house after you’ve already moved in since there are plenty of buyers out there looking for either site-built houses or prefabricated homes!