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Facts About Modular Homes
Although modular homes have been around for several decades there are still many people that wonder exactly what they are. Unlike stick-built homes, these are constructed inside of a manufacturing facility and usually in pieces. These sections are then covered and transported to where they will be assembled by a professional builder. Here we’ll take a look at some facts about modular homes.
Are Modular Homes The Same As A Manufactured Home Or A Mobile Home?
For an average home buyer, it is often confusing when it comes to the different names that a modular home might go by. If a modular home is called a prefab home or a factory-built home, then these would be correct terms for the same type of construction. If, however, this home is called a manufactured home or mobile home then those terms are actually used for a different type of building.
Manufactured and modular homes are not the same thing. A modular home is also nothing like a mobile home. Although a manufactured home and mobile homes can be placed on a permanent foundation they are not necessarily made for it and are often placed on non-permanent foundations so that they can be moved at any time. A modular home is a one that is made in sections inside of a factory but designed to be a permanent home on a permanent foundation.
This is one of the major differences between this type of construction and the others. When you think of a traditional stick-built home, the only difference between that and a modular home is the fact that the sections are built inside a factory. This has some advantages because all the construction material is protected inside a manufacturing plant and not exposed to any weather conditions. Other advantages that this type of construction has is the fact that it will go together more easily and means that the quality of its construction can be more consistent from one home to the next.
What Are Some Of The Advantages Of Choosing A Modular Home Over One Built On Site
There are several advantages to going with a modular built home over a stick-built or other traditional on-site types of construction. For one thing, because it’s made in a manufacturing plant that is already set up and designed to make the different types of homes that are available, then this new construction can be completed in weeks rather than months. This can be a major advantage for a family who is anxious to have a home ready to move into as soon as possible.
Because the entire process is done inside of a plant then you don’t experience the delays that are often caused by weather conditions and other factors that may slow down the process of the construction. These types of homes are made to adhere to the various building codes, guidelines, and other specific rules set by local municipalities and in many cases, this type of construction will surpass the standards of the traditional homes that are built on site.
When it comes to taking advantage of the quality of a modular home it will be important that you shop around to make sure you’re dealing with a quality source. In the industry, the material and end product can vary vastly between manufacturers. This makes it necessary to do your due diligence and make sure you dealing with the reputable modular home manufacturer.
How Do Modular Homes Compare To Traditional Stick Built Homes When It Comes To Holding Value
The thing to understand about a modular home is that in many ways it’s not only as good as a stick-built home but often it is better. You should understand that this is not a mobile home or manufactured home that tends to lose its value. A modular home just like a home built on-site is a home that in every way meets and exceeds compliance for insulation, quality, safety, and longevity.
To look at a modular home it is not possible by most people to know whether it was built on site or a modular home that was built in a factory. But the fact that this is made precisely every time, it means that the finished home is often higher quality than a home built on site. The reasons for these are many but it includes the fact that they are built to specs and each is precisely and exactly completed. It also means that the building materials were never exposed to weather conditions that may affect them adversely.
Because these are built in sections and simply need to be put together on site it also means that skilled and unskilled laborers can complete the project and it will be done at higher specs then a home built on site by highly skilled laborers. This type of construction is not only real property but it is considered a green type of building. It is possible to get a loan for this type of home that is exactly like a stick-built property.
Is It Difficult To Get Financing For A Modular Home?
The fact is, this is a real house. The difference between it and traditional homes is that it was manufactured in a plant and then the parts were delivered and assembled on site. The end result is a real and regular home. The fact that it is modular makes it often meet higher standards than those that are completed by being built on site. For all of these reasons banks have absolutely no hesitation on financing these. If you are able to get a mortgage on any type of home, you’ll be able to easily do so on this type.
Are Modular Homes Less Expensive?
This will depend on some factors but in many cases you will find that modular homes are less per square feet than a stick-built home. They also offer other savings in the form of being highly energy-efficient and they can be completed much faster than the other types of construction available. All of these factors can go into saving you a great deal of money on your new modular home.