Affordable Options For Home Buyers

Affordable Options For Home Buyers

Since construction prices for traditional site constructed homes remain high, a lot of people have a growing interest in modular home building as a way to keep building costs inexpensive. Modular homes provide an inexpensive option that is converting prospective home shoppers into home owners.

Modular houses account for nearly eight percent of all new home sales in the USA. Modular home sales in North Carolina, Michigan and New York are the most popular locations for new modular home construction. Modular homes provide an affordable home that can be installed very quickly verses traditional built homes.

Modular homes are manufactured in several sections at a factory much the same way manufactured homes are. The major difference between manufactured homes and modular homes are in the setup of the home on the site. Manufactured homes usually do not have a permanent foundation installed and are titled as personal property for tax purposes. Modular homes are installed on a permanent foundation and deeded as real property at the courthouse.

Building the home in a factory setting allows for shelter against rough weather and malicious mischief during construction. The quickness of the technique likewise significantly lessens construction costs. Although these modular homes are factory constructed, it's possible to get these houses customized to a certain extent.

Most modular homes are purchased through a dealer that has a sales lot with show models. Buyers browse both finished and unfinished models to choose the layout that closely fits their individual needs. Once the floor plans and customizations have been approved by the builder, an unbiased, state licensed engineer verifies the revised house plans meet building codes. As the factory begins constructing the framework and roof trusses, a local contractor starts digging and pouring the foundation.

Once the factory-made sections are constructed, they are transported to the site, and lifted onto the foundation through the use of a crane. This process can take as little as a day to complete depending on the size of the home. Final completion may take another few weeks as electrical, plumbing, sheetrock, and cabinetry are installed on-site. The overall process, from the first order to move in, generally takes about ninety days. A big difference if compared to site-built houses, which could take from twelve to eighteen months to complete.

Final Thoughts

It is estimated that a home buyer can save about 25% on their building costs by choosing modular over conventional construction. That is a big saving in a down economy.

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Buying a Colorado Springs real estate? Ask your Colorado Springs REALTOR for modular home options in the area. With more and more people looking for homes for sale in Colorado Springs, you could find one that suits you best. If you have any questions about Colorado Springs commercial real estate please contact Mike Stuard.