Do you want to stop renting and instead own your home? Have you been looking into a modular home? If so, you'll want to know the following advantages and disadvantages of owning a modular home.
Advantages Of Modular Homes
The main reason that people purchase modular homes is because of the cost since they are considerably cheaper than buying a traditional home. Modular homes are built offsite and mass-produced, so the manufacturer is able to significantly cut down on the construction costs associated with building the homes. These savings are then passed on to you, which is what makes the home so affordable.
A modular home is also going to be built according to the same building codes as any traditional home. This can give you some peace of mind that the house you are buying is built correctly, even if you are not seeing its construction since it takes place off-site.
Modular homes have also come a long way over the years. It is not going to look cheaply built or feel like you are living in a subpar home. They can look incredibly nice on the inside, and you won't even be able to tell that you are living in a manufactured home.
One thing to understand is that a modular home is not the same thing as a mobile home. A modular home cannot be moved once it has been placed on its foundation. This means that you need to pick the land that you will be living on carefully because the home will stay there.
Be aware that you may have difficulty selling your modular home at some point in the future, depending on where you live. While most modular homes appreciate in value at the same rate as traditional homes, they can have a negative stigma associated with them to some buyers. This is because they do not understand what a modular home is because they are likely not common in the area.
A modular home is also somewhat difficult to make customizations to. There are limitations because the home will need to be transported to its final location, so you may not be able to get the exact type of home that you want. However, you may find that the advantages of a modular home outweigh the need to make customizations, and you will end up being very happy with your purchase.