11 Nov Do Modular Homes Maintain Their Value?
Did you know that you can expect a finished modular home to cost about 15% less than it would if you chose to build it in the traditional manner? There are several factors that work together to keep the modular home build cost low, but the real beauty is found in the value of modular homes.
Maintaining the Value of a Modular Home
Modular homes for sale look no different than any other home, so the home value does not decrease. Rather, it sells for the same price as it would even if it was not a modular home. Because the initial building cost is less, the equity you hold is higher and in the end, when you sell, you will pocket more money.
Why Does it Cost Less to Build Modular?
As already mentioned, there are several contributing factors to the cost-effectiveness of building modular homes.
1. There is virtually no construction waste.
Since everything is built in a factory and then relocated, leftover material from one job can be re-purposed on another. This saves money on waste.
2. The building time is faster.
As we mentioned before, the build does not depend on sub-contractor schedules. This means that it’s possible for you to move into your new home in as little as 90 days. Additionally, the modular home industry can negotiate discounts.
3. There are no delay costs.
Weather will never affect the build and specialized teams are employed by the modular company. On-site home builders have to rely on sub-contractors for drywall and other work. One delay can cause all sorts of scheduling conflicts, which in turn can cause unexpected expenses.
4. Modular homes are energy-efficient.
Modular homes are modern and provide the opportunity for custom design. Consequently, energy-efficient appliances can be installed, saving you money in the long-term.
A well-built, energy-efficient home, built in just a few weeks seems like a good investment to us.
Other Benefits of Building Modular
All of this may sound appealing but you might still wonder if modular homes are good investments. There are several misconceptions surrounding modular homes, including that they all look the same. In all actuality, modular homes have many benefits.
1. Modular homes are fully customizable.
If all modular homes look the same, then it is because the homeowners did not take the time to customize their home to fit their style and needs. All Next Modular floor plans can be added to and rearranged according to the homeowners wants and desires. Need to add a bedroom? No problem! Want to combine the dining room and kitchen? We can do it.
Start with any one of hundreds of individual floor plans on our site. You can choose from Cape Cods, Ranches, or even Colonials. Pick the decor, layout, amenities, and add-ons. The result is a fully-customized modular home unique to you.
2. Quality control is tighter.
Since your home is one of the largest investments you will make in your lifetime, you want it to be sound. Therefore you want the home’s design to be sturdy. Not only do modular homes have to meet all local building codes, they also have to pass strict quality control regulations at the factory. This means that compared to a stick-built home, a manufactured home is less likely to need repairs.
So, Yes…Modular Homes Do Maintain Their Value!
According to FEMA, “modular homes are high-quality and actually more likely to withstand hurricanes than traditional site-built homes.”
Because you spend less money upfront and do not lose any value based on simply “being modular,” a well-maintained modular home retains and can even increase its value.
If you’d like to know more about the benefits of modular home building, do not hesitate to call us today. At Next Modular, we know that choosing a home is likely one of the most important financial decisions you will make. As an experienced modular home builder, we are committed to being your guiding light through this process.