When considering buying a modular home, deciding where you want to live is essential. Land prices are often higher in some areas than in others. Also, make sure you determine your overall budget. Knowing your maximum budget will keep you from overpaying for the land. You can narrow down your options when you have a certain amount in mind. After all, you do not want to end up in a situation where you can’t afford a modular home.

Cost of modular homes

The cost of modular homes depends on several factors. For example, transporting the sections from the factory to the site can cost $5 per square foot. The size of the modular home will determine how many areas will be delivered. Smaller homes may be shipped as one single unit. Larger houses will likely be delivered in several shipments. The larger the modular home, the more time it will take to assemble the home. The shipping costs will also vary depending on the size and number of modules.

A five-bedroom modular home is typically between 2,000 and 3,200 square feet, costing an average of $160,000-$460,000 after set-up and completion. The cost of modular homes can increase dramatically, depending on the desired customizations. In addition to the square footage, you may need to install a septic tank and water well. Nonetheless, modular homes are typically lower than stick-built homes, which can cost as much as $150 to $250 per square foot.

Construction time

The first phase of modular home construction takes around six to ten weeks. The builder then transports the modules to the site to finish the final assembly. At this point, the builder installs the floorings, connects utilities, and erects decks. Then, they will check for water tightness, repair minor shipping damage, and finish the second story. Construction time for modular homes can last four to six weeks.

The duration of a modular home construction depends on the chosen features and options. Some parts take longer to build than others, and you may have to wait for the weather to stop working. Another factor that affects the construction time is the type of material you select. Tile takes longer to install than laminate, so you might have to wait until other features are in place before installing the tile. If you choose laminate flooring, you can start construction sooner and focus on the more energy-efficient components.

Site Restrictions

There are many restrictions on the placement of modular homes. Some communities forbid the construction of these structures and opt for traditional concrete block dwellings. Other conditions require informed consent and specify architectural review requirements. The city zoning ordinance sets building and land use regulations. For example, city planners designate specific industrial, commercial, or residential areas. For these reasons, zoning ordinances may also contain restrictions on modular homes. However, these regulations can be avoided if you consider the following factors:

When locating a modular home, it is essential to check the zoning restrictions in the area where the house will be placed. If local zoning prohibits such a building, a landowner must seek a use variance from the zoning board of appeals. A clash allows municipalities to relax zoning requirements by granting permission to a mobile home on their property, provided the applicant meets specific statutory requirements.

Customization options

Modular homes offer more customization options than ever before. The possibilities are endless and far surpass what you could do with a stick-built home. The limitations of a factory floor no longer constrain you. You can modify your interior design to make it more stylish and comfortable. In addition to choosing the colors and materials of your modular home’s exterior, you can customize it to fit your style. Whether you prefer the look of a modern house or a traditional home, you have options.

When building your modular home, you’ll have several options. Customization options can include the style and color of exterior doors, windows, siding, roofing shingles, shutters, trim, and more. The possibilities are virtually limitless, and you can make any part of the house as personalized as you’d like. Ultimately, your modular home should be a unique reflection of your personality. Choosing the right color, flooring, and other details is essential based on your desired style.

Financing options

Before you buy a modular home, you should consider your financing options. While you may be tempted to put as much cash down as possible, this may not be an option for everyone. You can also apply for a personal loan, which allows you to finance up to $100,000. Some of these loans can also help you buy land for the home. But the type of financing you choose is mainly dependent on your situation.

You can also apply for a construction loan to finance the construction of your modular home. These loans are usually short-term loans, lasting about a year. During construction, you will pay interest only and then refinance them into a mortgage. You can choose a bank that offers these types of loans, but be aware that not all banks do. When getting a construction loan, you must have detailed plans outlining the process of home construction and the lender’s approval.