There are no binary perceptions about the fact that cost for modular homes is almost always lowers than that of a similar site-built home. The mad scramble among significant swathes of the population to jump on to this bandwagon is therefore not unfathomable. But it's also important to crunch those numbers that lie beyond the hyperbolic headlines and have become the supreme inspiration for the scores of column inches all over the country.
No Red Herrings Here
Conventional wisdom suggests that the cost per square foot of a modular home is anywhere between 5%-25% less than traditional site-built homes. Before you look askance at this statement, here's your chance to do your math. On an average, a modular homes works out to be about $60 per square foot. Of course, your calculations are sure to soar north, if the floor plans and features have something special to offer.
And please do not conflate modular homes and manufactured homes that are, in reality, two separate entities. Modular homes are completely customizable, and on completion exude the same kind of warmth and luxury like conventional stick-built homes.
More Bangs For Your Bucks
While most homeowners may create a song and dance about the lesser costs incurred in the construction of modular homes, it's important to understand the fine print, so to speak. You might be deluded into thinking that you been handed a great bargain on a platter, but make sure you do not gloss over these details:
- The more planned and controlled construction schedule prevents the costs from escalating.
- Since both site preparation and construction are carried out simultaneously, it leads to reduced building time. Consequently, the interest payments also record a downfall.
- These kinds of homes promise unrivaled quality and remarkable speed of construction. But those on the lookout for massive discounts from manufacturers are sure to be disappointed. There are many builders that offer homes at prices that send your optimism soaring. While they make no bones about playing to the gallery, it's important for naive and gullible customers not to fall prey to the guiles of such builders.
So if you are convinced that a modular home is perfect for you, it's now time to evaluate all the financing options that are available.
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