TV shows today boast the benefits of small living, citing reduced carbon footprints, lower prices and swift homeownership as some of the top reasons to think outside the box and invest in a modular home. While once upon a time, modular homes were taboo and for the “non-affluent,” today, modular homes are the future of home building. Why? Here are some of the top reasons:
Prefab homes have a positive track record, meaning that creditors trust homeowners to pay back their debt within a reasonable amount of time. This is because factory built homes are fairly affordable but still offer the modern conveniences of a full home, so individuals are more motivated to make the low monthly payments. As a result, when individuals turn to lenders about a loan for a modular home, they are almost always approved.
One of the main reasons modular homes are the future of home building is the fact that they are eco friendly. People today are more concerned with the environment than ever, and modular homes have a much smaller carbon footprint than traditional homes. As a result, more and more first time homeowners are choosing to invest in a prefab home that is environmentally friendly than an energy sucking brick and mortar home.
Believe it or not, but prefab homes have a significant resale value. Because factory built homes are built with the latest technology, and because they were built to last, they don’t weather and wear as you might expect them to. Even without extensive maintenance efforts, your home will look almost as nice and new as it did the day you bought it, which is great for its resale value.
These are just the top three reasons that modular homes are the future of homebuilding, so if you’re ready to invest in a home, consider prefab!