You have probably come across the term, “modular home.” In the rapidly changing housing market and with the rise of new technologies like 3D printing, future homeowners are rethinking what defines a home, while builders are rapidly changing their approach to the ways homes are built. Another one of these technologies is the modular home.
No, a modular home is not a mobile home or recreational vehicle. In short, a modular home is a house that is built off-site from the expected location of the building and that is delivered to that location after it has been completed.
However, modular homes are not manufactured homes. Manufactured homes are not placed on a permanent location or foundation. While, once a modular home is set in its foundation, it cannot be moved.
Slowly moving their way into the forefront of home construction, a modular home could be in your future. Here is everything that you need to know about modular homes and if they are right for you.
Your Modular Homes Foundation
Modular homes are constructed in an indoor factory setting. However, these are not “factory-line” homes. Builders and customers get the ability to create bespoke homes quickly with the help of this modular construction model.
Once homes have been completed, they are usually transported to their new location, where the builders assemble and finish the home.
Sometimes called factory-built, system-built or prefab homes, the modular building process is changing construction for the better around the world, providing a fast, cost-effective and efficient way to build a home.
Modular Homes Can Be Created Quickly
One of the first talking points when discussing a modular home is how quickly the process can be completed. Compared to some of the other construction methods you may find around the world, a modular home can be completed 50% faster.
Creating the perfect home can take years, and at times months, while a modular home can be finished in just a matter of weeks. With no need to worry about unpredictable weather or estate problems, these are some of the fastest homes you will own.
Building offsite removes 80% of construction activity minimizing the impact of any local disruptions to construction. When the homes are ready they are brought to the location in flat-packed panels. Think of it like a half-assembled lego kit.
The Ultimate Bespoke Experience
Aside from the impressive savings, another major appeal of owning a modular home centers around the building’s customizability.
Most modular homes have very little design limitations, allowing builders and customers to come in and create the house of their dreams without all the fuss and stress regularly associated with bespoke homes.
The factory-like process allows you to build any addition, almost any feature or amenity that you can think of, all without breaking the bank. For example, building a modular home log cabin can cost you anything from $14,000 to $30,000.
Whether you want something large and roomy or small and cosey, modular homes can be tailored to your specific needs and family size and a garage can be added too!
Modular Homes Are Eco-Friendly
Due to the streamlined process used to create modular homes, builders are able to ensure that the materials used on your home are environmentally safe and sustainable. On the construction side, the indoor modular process allows for construction waste to properly be managed.
While due to the more freedom customers have in the building process, it is easy for manufacturers to source eco-friendly and durable materials. Even more so, homes can be designed to minimize their environmental impact on the surrounding area.
Learn how modular buildings could be the solution to the environmental impact of large-scale sporting events such as the Olympics. > > > https://t.co/9cIHTFN1wC#Commercial#Architecture#EcoFriendlypic.twitter.com/nLAbyyKQCL— Green Modular (@green_modular) November 26, 2018
Modular Homes Are Flexible
Tie in bespoke experiences, modular construction allows you to add on and take away almost anything you deem necessary or unnecessary on the house.
As seen in some of the modular construction companies around the world, clients are eager to use modular construction to create multi-purposed homes.
Modular homeowners build whatever their hearts desire creating homes that double as offices, work studios, music studios, classrooms, and even schools. You are not just limited to a living space in modular construction.
Modular home financing is easier and cheaper than your traditional home. As mentioned before, modular homes are cost-effective, quick, and are able to be built off-site. Generally, a modular home's average cost will be 15% less than it’s replica that’s built in the traditional method. All these factors contribute to a lower price for those interested in this unique living experience.
Most inspections and costly third party checks will be completed offsite in the modular factory. Nevertheless, it is good to mention that the more you build and tailor the home, the more expensive it will be for you. Also, you'll need a standard homeowners insurance policy which is the same insurance you would get for a traditionally built home.
When everything is finally completed, things like electricity, plumbing, and even ductwork are not included in your starting price. If you are looking to get a modular home, it is crucial you take the time to properly include these costs in the bottom line.
Thankfully, banks can do home loans for modular houses. However, every lender has different rules, and every situation will be different. Generally, most lenders provide finance on a modular home just as they would for a traditional home.
It should also be noted that many people consider modular homes a good invesment, and they are becoming increasingly popular. It is high possibility that they will increase in value, therefore this makes them a good home investment.