It is confusing out there for new homebuyers and even experienced veterans of the construction industry. Modular construction is relatively new. It is also confusing because modular manufacturers will say only good things and then there are others that will only say bad things. To make it even more confusing, some mobile home manufacturers try to market their product as "the more attractive modular home." This has led to common myths, which can confuse consumers. ModularToday is here to help clarify these myths about modular homes and help you make a solid, educated decision for your personal situation. Enjoy and happy home hunting.
MYTH: Modular homes cost almost no money
FACT: Modular homes are an expensive investment and cost a large sum of money. How expensive depends on how large a home you pick. Modular homes generally cost 10-35% less than traditional homes. If you are offered a better price than that you should make sure it is a modular home and not a mobile home. You should also be careful to make sure you are comparing the same type of house. Is the square footage the same, the same number of bathrooms, etc.? The exact amount of your savings will depend on what type of modular home you decide on, where it is being created and where is it being assembled. If someone offers you a deal that is too incredible to believe, you should look twice at it.
MYTH: Modular homes are much stronger than traditional homes
FACT: Yes, modular homes are built stronger than traditional stick built homes, but they also experience more initial wear and tear. Each module is shipped on the back of a truck that bounces as it drives along the highway. To ensure a quality home, modular manufacturers will use more screws (instead of nails) and also add glue to joints to increase their strength. Modular homes are generally built stronger than typical stick built homes, but traditional stick built homes also don't endure a long trip. It is hard to prove that a modular home is still stronger after it endures its road trip. But it is easy to see that modular homes are as strong as traditional homes.
MYTH: Modular buildings are difficult to finance
FACT: Modular buildings are treated the same as traditional stick built buildings for financing. Mobile homes (which are not modular homes) are more difficult to gain financing due to their depreciation. Modular buildings actually can be better than traditional buildings to finance since they reduce the amount of construction time. The reduced construction time can help business. If a business takes a mortgage out to pay for a new modular manufacturing facility, it can be constructed before the first mortgage payment is due. Thus, it can lead to faster payments and less interest charges incurred. Also, modular home owners may have an easier time since the manufacturing facility is a known value to bankers and can respond to any requests for plans or quality control. This modular myth is another example of confusion between modular homes and mobile homes.
MYTH: Modular buildings depreciate in value
FACT: Modular homes appreciate and gain value the same way traditional buildings do. Once a modular building is fully assembled, it is near impossible to tell the difference between it and a stick built home. That is why modular homes appreciate in value
. Mobile homes (which are moveable) do not appreciate in value. That is probably where the confusion comes in with this modular home myth.
MYTH: Modular buildings are unproven and don't last
FACT: Modular buildings started to become popular in the 1950s due to the high demand for homes after World War II. The industry has not slowed down and has been continuously constructing and assembling modular homes since then. Many homes that were constructed in the 1950s are still around and have greatly increased in value. Modular buildings are more proven than the traditional construction today. This is because each modular home can be traced to a manufacturer that has a long established track record of success. A traditional building relies on the current construction firm which probably does not have a track record that goes back 50 years (or 60 years in the case of Liberty Homes
modular manufacturer). Whoever you decide to build your house, make sure to check their credentials.
MYTH: Modular buildings all look identical and are ugly
FACT: Modular homes and offices can all be customized to look exactly how you want them. Each modular building manufacturer has hundreds of different designs to choose from. In addition you can easily customize the windows, doors, siding, colors, etc. Modular buildings make it very easy to have a custom looking home at an affordable price. As for looking ugly, that is up to how you the homebuyer chooses to make your home look. Think twice before picking hot pink as your exterior color on your new home. Modular homes can be anything you want them to be. If you do not see what you want, you should contact another modular home manufacturer.