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Home // Articles // The Financial Benefits of Modular Homes

The Financial Benefits of Modular Homes

March 16, 2020 by Lou D'Aconto

A home is probably the largest purchase you will ever make, especially if you have it custom built. When you choose a modular home, however, you can cut your costs significantly without sacrificing the specific features you want. There are several ways modular homes help contractors build more efficiently.

Economy
In a traditional construction setting, the contractor purchases materials for each new project separately. This results in a lot of wasted materials that you’ve already paid for. Add to that the cost of hauling those materials away, and you are spending a lot of money on nothing. Modular home builders typically buy materials in bulk, however, reducing the original cost for each item. This also means that they are able to cut the specific amount they need for each project without excessive waste.


Construction
Perhaps the biggest savings you get with a modular home is the significant reduction in the cost of labor. Modular homes take less time to build because they are constructed in a warehouse before being moved to the actual site of the home. Contractors don’t have to account for weather, which means that not only do they not have to put the whole job on pause when it rains but they also do not have to spend hours cleaning up the site afterward before they can get back to work. The individual members of the crew also tend to specialize in their particular task, so they can complete them more efficiently.


Efficiency
In addition to the money-saving benefits inherent in the construction process of modular homes, builders also tend to default to ecologically sound materials and practices. This decision makes your home more energy-efficient overall. The less gas, water and electricity you have to use, the lower your monthly utility bills will be.


If you want a custom home but find the costs daunting, consider building a modular home. You can get what you want and save money at the same time.

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