Modular homes are similar to conventional homes and are built on a place. But, there is a difference in that, some of the parts of the home are built in a business unit and taken to the site of construction by a truck. The parts are then joined to the home for its completion. A modular home has its own bonuses and weaknesses. In this article, Zack Childress, a real estate investor and mentor, reviews the same.
- less expensive
- environment friendly
Modular homes are less costly as compared to traditional homes. They are built in factories. They don’t face delays due to weather and consignment issues. Also, they have the greatest advantage of having supervisors all the time for ensuring the rapid construction of the home. The lesser the time taken to build a home, the inexpensive it will be.
These homes are being made energy efficient by builders in the recent times. This is to combat the competitive nature of the market. Fixation of solar panels and the usage of LED lighting in these homes conserve energy and save some valuable bucks for you.
Payments for modular homes can be made through down cash initially and then loans. The loan can be obtained easily as the home’s worth increases with time.
Wastage is minimal and site disturbance is nil. Thus the neighborhoods in which the homes are constructed are not affected by noise pollution. Thus modular homes are environment friendly.
- you cannot build all that you want in your modular home
- land cost
- transportation hazards
- established regulations can create problems for modular homes buyers
- limited size
You cannot build all that you want in your modular home:
Modular homes are not versatile in terms of building options. For instance: you can construct anything inside your traditional home but the same is not the case with modular homes.
Modular homes are less expensive to build. But the land on which they stand may cost too much. You may have to shell out a big sum of money finally to purchase both the home and the land. Also, if you buy a land in an undeveloped area, the developmental engineering costs can be very high.
There are difficulties in transporting the completed structures onsite. This is time and space consuming. Although there are no unwanted delays, the process of combining the assembled structures with the onsite structure is cumbersome.
Established regulations can create problems for modular homes buyers
Zoning regulations will create hazards for modular home buyers. Plus there is always a fear in the minds of people related to various factors concerning modular homes like the selling issues, home standards etc. This lowers their acceptance in the marketplace.
The sizes of rooms can be limited and this is a clear disadvantage for larger families.
It can be concluded that modular homes have both pros and cons after reading this review by Zack Childress.