When it comes to homeownership, many people wonder whether or not a modular home would be a sound investment. In most instances, prefab homes allow individuals to own a home for a much lower cost than a traditional home. Not to mention, they’re more environmentally friendly and can be build where most homes cannot be. However, the big question remains: how much money can you save by building a modular home?
While not all prefab homes are cheaper to build or finance than traditional homes, many are. However, you must do your research prior to investing in a factory built home if you want to get the most bang for you buck. That means taking into consideration a few key factors, including the land you want your home to built on, what you want your home to be made of and the type and size of the final product.
If you choose to build your home on a rural piece of land, the land itself might be cheap, but the cost of transportation may be high. Keep in mind that all of the materials and the full structure of your home will have to be transported, which could significantly raise the cost of your final home. Stay in the area, on the other hand, and costs could be much lower.
Additionally, like with traditional homes, if you choose to build your home from finer materials you can expect to pay more. However, if you opt to use standard materials—which are still of exceptionally high quality and made with the latest technological advances—your home will still be structurally sound and visually appealing but for a much lower cost than if you used custom materials.
Finally, if you want a larger home, you can expect to pay more, as more materials will have to be used in the making of your structure.
If you want to know how much money can you save by building a modular home, the answer it, “It all depends.” However, the less complicated you make the project, the more money you will save.