Category: Modular Homes

Tax Refunds and Tax Credits on Modular Homes

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Buying a new house or a property is expensive, and you want to do as much as you possibly can to ensure that you can scrape up some money to invest in your new home. Even if you decide to buy a modular home, which is cheaper than a normal home, your expenses are still going to skyrocket , but there are ways in which you can reduce those costs, even if it’s a little. You can get both tax credits and tax refund for many aspects of your modular home, so keep reading to find out more.

Tax Refunds and Tax Credits on Modular Homes

Tax refunds

There are many aspects of modular homes that can easily be tax refundable, such as the property taxes, which are entirely tax-deductible. And that’s not all, for those that had to take a mortgage loan in order to build the modular home, they will have to pay the interest per month along with the loan’s principle. Now here’s the fun part, if the total loan equals to less than $1 million, then it is entirely tax deductible.

That has to be one of the best parts about owning a modular home. Additionally, for those that took a mortgage that amounts to over $1 million, then the interest that is to be paid on the first $1 million is the only thing that is deductible. That said, it is still a win-win situation for many, as they’re still able to save quite a lot of money in interest.

On top of that, if you have taken a construction loan for your modular home, you will also be able to refund the interest of that loan, but only if the construction duration is less than 24 months.

Tax Credits

You will be able to get tax credits if you decide to use renewable energy to operate the electricity and water of your new home. If you use solar panels, for instance, as much as 30% of the entire system’s cost can be written off, but that will only happen if the construction of the system reaches completion before the 1 st of January, 2017. The same rules apply for the solar water heaters.

However, in order to qualify for the tax credits for solar energy systems, the sun must produce at least half of the energy used at your house. As for residential wind turbines, as long as they produce no more than 100 kilowatts of energy, they can also be written off at 30%. Geothermal heat pumps are no different either, and can get you 30% off for the total installation and system cost. These systems can be quite expensive, which is why this is great. However, you must use a pump that is approved by Energy Star in order to qualify for the tax credit.

You can also get a full 100% written off on your tax credits for moving your furniture a long distance, but your new home needs to be at a distance of at most 50 miles to your work place. For more details on tax refunds and credits, check out http://modularhomeowners.com/modular-home-tax-credits-you-cant-afford-to-miss/

3 Things You Should Know About Modular Homes

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If you’re looking for a house or planning to move in a new home, chances are you’ve already heard about modular homes . Also sometimes known as prefab, this type of house is the one that is assembled indoors – in a factory-like setting – so it can be protected from adverse weather conditions. Then once built, the modular home will be transported to your home site, where it is installed on permanent foundations. Modular homes offer a lot of benefits, but do take note that this type of home is not for everyone. If you’re considering a modular home, here are three things that you should know first:

They are faster to build than regular homes.

Unlike regular homes or on-site buildings, which can take months or even years to complete, modular homes reduce the construction time by more than 35 percent. Depending on the complexity of your home, it can only take about three to four months to construct your modular home and have it installed in your home site permanently. In fact, there are some modular homes that only take a week or two to assemble. The reason why they are much faster to construct is because these houses are constructed in a factory-like setting, where weather won’t delay the process. And of course, the quicker your home is built, the more affordable it becomes and the sooner you can enjoy it.

You’ll pay more than the base price.

Modular homes are definitely more affordable compared to standard site-built homes, but there’s something about the cost that you should know. When you ask about the price of modular homes, most companies will tell you that they can build you a home for as low as $35 per square foot, which can save you 40-60 percent if you choose it over a regular house. But there are half-truths in that claim. When a company gives you a quote, for instance, a $35 cost per square foot, that company might just giving you the base price of the house. The base price of a modular home typically only includes the construction, transportation, and installation of the module. You’ll need to pay extra if you plan to install hardwood floors, a garden, and/or utility systems. Discuss the price carefully, so you’ll know what to expect when considering this type of property. And if in case you find it hard to manage your finances, consider hiring an accountant or bookkeeper Melbourne , to keep your finances in order.

Modular

You’ll need to have more patience when you plan to resell it.

Despite the increasing popularity of modular homes, lots of people are still afraid to buy such type of property. When people hear about modular homes, many people think about “mobile”, which is something that is not placed in a permanent location. And since they are built in a factory, they think that modular homes are not as sturdy as regular dwellings, and they can’t be remodeled the way they want. If you think about buying a modular home and consider reselling it after a few years, you should have a great patience to explain to your buyers about the benefits of having such type of property.

SMSF Investments in Modular Homes  

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For those seeking for more control over their superannuation funds, SMSF is the solution for them, as it allows one to invest their funds however they wish to, and this ensures that they have enough funds saved up for their retirement. Not only will this ensure a safe and secure future for them in the future, but this also gives them the freedom over their funds just as they wished for it. And since they can invest wherever they wish to, they can choose to spend their self-managed superannuation funds on modular homes, which are currently a popular choice for investment.

Modular homes vs. regular homes

Unlike a regular home, which is built by a group of construction workers who spend weeks and months toiling over a blueprint until the house is complete, a modular home is built at a factory, or rather, the majority of its construction is completed at the factory. The only real task that is completed on site in case of a modular home, is the assembly.

Many people consider modular homes to be weak in comparison to regular homes, which are built to be sturdy, despite the fact that they are time consuming to make. It is because of this misconception that many people decide not to buy modular homes, which is what causes its price to go down. This is exactly the opportunity that you as an SMSF holder should take advantage of. There are vast opportunities in this field, and since it is still fairly new, you should take advantage of it.

SMSF Investments

Why you should invest in modular homes

Not only would investing in these homes be quick, but they would also bring in quick profits. These homes can take as less as a month to be fully built, and since the construction costs are much more affordable than the costs of a regular home, you can easily increase the price of your house to cost much more than it cost you to build it. As you can see, investing your SMSF in this will be quite profitable for you in the long run, as it is sure to bring in a lot of profits over time.

In addition to the house, the location also matters. Ensure that it is built in a desirable location, and that would easily increase the prices a lot more. You can either choose to rent it or sell it off. No matter what you choose, though, you will be sure to make a profit, as modular homes, just like regular houses, tend to increase in value over time. It is a common myth that their prices depreciate over time, because they’re no different than regular homes.

The most important thing is the maintenance and the location of the houses, which, just like regular homes, will affect the price of the modular home. Modular homes are smart investments, and they are also considered to be an investor’s dream come true. For more information on why you should invest in modular homes, visit http://plantingmoneyseeds.com/modular-homes-investors-dream-come-true/

What are modular homes

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What are modular homes

Modular homes have somewhat of a bad rep, and having modular homes for sale isn’t considered to be as lucrative as having site-built real estate . However, many people fail to realize the advancements that modular building technology has seen in recent times.

Difference between modular and regular homes

We all know how regular homes are built: a crew of construction workers establishes a perimeter on a build-ready site where they will sometimes spend months until the home is complete. This method is time-consuming and expensive, but has also generally yielded sturdy and desirable homes.

However, building modular homes is done using a somewhat different approach. As opposed to a crew of construction workers following a blueprint on a site for one or several months, one could say that the majority of modular home construction is done in a factory. There is where the engineers create the vision of what the modular home will be like before its parts are constructed inside a factory setting.

Once this part is done, it’s often just a simple matter of assembling the modular home at the site where it’s meant to be erect. Unfortunately, this method lowers the price of many modular homes for sale over their counterparts built the old-fashioned way.

Why some people dislike modular homes

The reason why some – one could say many – people stay away from modular homes is somewhat obvious: they just don’t seem as durable as regular ones. There is something about the whole process of simply ‘gluing’ parts of a home together that makes the building in question seem like it is of a far lesser quality.

It’s this popular misconceptions that significantly reduces the market price of modular homes for sale. Those purchasing a home are usually looking to make a long-term investment, potentially one that will last for generations and even increase in value, and they rarely feel that modular homes are up to the same standards of quality as regular structures.

These people rarely take their time to study the specifics regarding modular construction, as much of the market status that modular structures have is in place due to lack of knowledge. In truth, modular homes can be every bit as durable and shelter-providing as regular ones, given the right company is assigned construction.learn more info from http://www.buildingonline.com/apps/news/article/13574

Furthermore, the materials used are also the very same used to construct regular homes – the construction is just done elsewhere. Among the many perks that modular technology offers – and one of the reasons why some people stay away from it – is the speed of construction on-site: whereas regular homes can take months to build, a modular home can be finished inside a week.

What are modular homes

If people dropped their superstitions and took the time to inform themselves on how exactly modular homes are built, these types of homes could definitely be accepted as one of the construction standards. As it is now, modular homes for sale mainly serve as a cheaper alternative to regular homes for those savvy enough to understand that there is little difference between the two.

Where to buy Modular homes in Canada

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Modular homes

Canada might be one of the countries where modular homes are most popular. Therefore, buying quality modular homes Canada shouldn’t be too big of a problem with just a little bit of research. However, there are still a few things to look out for before deciding on a manufacturer. see it here!

Keeping your location in mind

While modular homes can be transported across a fairly large distance, it might be most prudent to have your home manufactured as close to you as possible. This will reduce the chance that parts of your modular home will be damaged during the transportation, which could increase the time until your home is built. Also, some types of damage aren’t visible until much later on, when the home is already built, meaning that those in charge of delivery might not notice it.

For example, if you are located in Alberta, you might not want to hire a modular homes BC company to construct your home as there might be a considerable distance to cross before the parts of the home can reach their destination. Instead, you should try to find a suitable modular homes Calgary manufacturer, or one from nearby cities, as the journey of your module home will be much lesser.visit https://www.bostonglobe.com/opinion/2015/04/21/dante-ramos-copley-tower-dispute-shows-how-not-get-more-housing-built/EjC4jFcnCtmbBdx61PPmqO/story.html today!

Most top companies offer quality module homes
Having to pick a closer company doesn’t mean that you will have to make compromises in terms of quality. Hart Modular Homes, Countryside Manufactured Homes and Brookswood Homes are all examples of top-notch modular homes BC manufacturers. For those in, say, Alberta, Willow Creek Homes and Jandal Homes are some of the best modular homes Calgary and Edmonton manufacturers.

The quality of module homes made by all of these manufacturers will be up to the highest standards possible. These are just some examples: regardless of the area of your modular homes Canada manufacturer, there is probably a good chance that the module home they can provide you with will be satisfactory in every way.

Just make sure to check the feedback of some of the company’s old clients before you make any serious commitments. Every company has their own way of building homes, and what someone finds great might not be so neat to you. We all have our personal preferences, and building a home is a serious thing, modular or site-built – you can’t afford to rush any part of it.

Modular homes

There is a decent amount of competition between the major module manufacturers, which forces each of them to adhere to the highest standards in order to stay in the game. Because of this, as long as you choose a relatively large company to create your module home , you won’t have to worry about parts of it being of a lacking quality.

From there on, it’s all a matter of adjusting the home to your personal preferences and creating it into something you will enjoy living in, regardless of whether that means additions to an existing design or creating an entirely new one with the help of the company professional.

Posted in Modular Homes | Tagged Brookswood Homes   , Hart Modular Homes   , Jandal Homes   , Modular homes in Canada   , Willow Creek Homes   | Leave a comment

What are modular homes made out of

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modular homes1

The materials used when making a structure often dictate how well it will hold up over time as well as in the face of exposure to various elements. Part of why some people steer clear of modular homes is that they believe lesser materials have been used in their production .

Why modular homes are just as sturdy

Many aren’t aware of the simple fact that a modular home will consist of the same materials that would be used in a site-built home. The only difference is that these materials are used away from the site and inside a factory as opposed to the location where the home will stand.

The exact materials used depend more on the type of modular home you are getting rather than the fact that it is a module home. As such, you can expect the exterior of the home to consist of either standard-quality wood, brick or stone, depending on what precisely you were looking to buy. read more here!

The same stands true for site-built homes: their exteriors are built in a variety of materials ranging from wood to brick. The sturdiness of your module home will depend on the material you have chosen for its construction, much like the case is with regular homes.

As is the case with site-built homes, modular homes often feature wooden floors and roofs of different design. The same wood or stone that is used on a site where a home is being built from scratch is the one that will be used in the factory to construct parts of the modular home.

Why people think materials are of a lesser quality

Much of this misconception has to do with the way modular homes are constructed. To people, building a home piece by piece makes it seem much more durable than just putting pieces together. However, because quality materials are used and the process is monitored by engineers, technicians and inspectors, modular homes invariably end up being of the same quality as site-built homes.

In fact, their similarity to regular homes extends to the materials in a way that lets you hand-pick each and every material that will be used in your modular home. Some people feel that all modular homes are built with the same generic materials and that they won’t have any creative freedom, but this is not true – you can instruct the manufacturer on what you want every part of your module home to be made of.

modular homes1

The beauty of modular homes is that they are held to the same standards of quality as site-built homes and offer a similar level of customization, but are much easier and quicker to assemble.read more info from this link: http://www.theolympian.com/2015/04/14/3677877/house-approves-legislation-to.html

Whereas you would sometimes have to wait many long months for your home to be constructed, often creating quite the public disturbance in the process, you will be able to enjoy the exterior and interior of your mobile home within one or two weeks, not making you waste any time when trying to get accustomed to your new surroundings.

Difference between mobile homes and module homes

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mobile homes and module homes

A lot of the bad rep that modular homes have comes from people confusing them with mobile homes. The truth is that the two are very much different, both in type of construction and quality of structure, and the difference should be obvious to anyone who knows what to look for.

Why mobile homes have a bad rep

Mobile homes, somewhat reasonably, have a bad rep for being of a subpar quality compared to other types of structures. These structures don’t instill very much faith with their appearance, and this issue isn’t corrected once people learn of the construction methods – in fact, it’s often exacerbated.

Mobile or manufactured homes are also sometimes referred to as trailers, further enforcing their bad reputation. The entire home is assembled on a chassis that acts as its foundation, often made out of steel. Among the reasons why mobile homes don’t enjoy much popularity is the fact that their price is usually significantly lesser compared to that of both regular and modular homes. Part of this is because a building inspector isn’t required by law to check the structure and approve it, as is the case with other types of structures . This often casts doubts about the quality of the structure and makes many unwilling to live inside them. The mobile homes’ status as somewhat mobile units also makes them difficult to refinance.

Why people confuse them with modular homes
It’s not impossible to understand where the confusion comes from: the construction of both homes involves bringing parts from a factory and assembling it on-site. To many, this process appears ‘cheap’ and inferior to the standard methods of building a home. There are, however, notable differences in the construction and quality of these homes that make modular homes come far ahead.

Modular homes won’t have an ‘expiration date’, unlike manufactured homes, in that they won’t lose value over time, provided they are built well. Also, unlike with mobile homes, building inspectors are tasked with making sure that the modular home is being built in accordance with regulations, and also that the end result is up to standard. A modular home conforms to the exact same regulations that regular, site-built homes have, meaning it needs to be every bit as well-built.

On the other hand, a manufactured home has a different set of regulations that aren’t the same as those of site-built homes. This, coupled with a lack of law that forces building inspectors to check the quality of mobile homes, gives modular homes a bad name purely by virtue of the assembling process being similar.see it from the site: http://www.wsj.com/articles/low-cost-housing-demand-boosts-mobile-home-park-operators-1429637304

mobile homes and module homes

You should easily be able to tell a mobile home from a modular one because manufactured homes have metal tags marking each of their sections. In the absence of these, a mobile home will also have a plate somewhere on the inside that will provide various information, including the manufacture date – that is, provided you weren’t already able to tell it’s a mobile home due to its notably lower price. visit this link here!

Best modular homes in Edmonton

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modular homes in Edmonton

Edmonton is one out of the many popular modular homes Canada areas. Modular homes have recently seen somewhat of a surge in popularity as the standards and methods of construction become higher, and are only expected to increase in value over time.

Edmonton modular homes manufacturers
There are quite a few companies in the city of Edmonton that produce quality modular homes. Choosing between them is a matter of personal preference and also which company rubs you the right way.

Western Modular Homes is a high quality modular homes Canada company that specializes in the production of aesthetically appealing module homes. It was founded in 1993 by two brothers with experience in construction who believed that modular homes in rural areas were lacking in appeal. Of course, they also specialize in urban modular structures, and their work is guaranteed not only to be pleasant to the eye but also of top-notch quality .

Somewhat older than the aforementioned company, Empire Modular Homes is another top-notch company manufacturing module homes for all of Alberta. Founded in 1982, this company offers a wide variety of pre-existing modular home designs as well as the options to create a fully-customized modular home precisely to your liking.

Having created a variety of stunning and functional modular homes both for residential and recreational use, Jandel Homes is another top modular homes company based in Edmonton. The oldest of the three companies listed, Jandel Homes was established in 1974 and is a highly successful family-owned business, being one of the largest manufacturers of modular homes in Canada. They also deliver to British Columbia and other parts of the country.

Choosing the right company for you

The modular homes Canada manufacturers listed above are definitely among the top in Alberta and perhaps even all of Canada. However, this doesn’t mean that another company won’t end up being more to your liking. Before making any choices, always talk to the company on the phone and assess the quality of their staff and their responsiveness to your wishes.learn more details from http://www.citizen-times.com/story/opinion/readers/2015/04/03/letter-buncombe-look-planned-smaller-modular-homes/25237513/

If you are showing enough interest, the company will send their housing consultant to you. This person will go over your plans and desires with you and help you translate them into reality. This is yet another step during which you can further assess whether you want to be in business with the company in question. Also, make sure to ask each company about their pricing early on so that you can adequately compare between each of them and find the best ratio of quality and affordability.

modular homes in Edmonton

Another important step when choosing your company is getting familiarized with their previous work. While a company might have kind and attentive staff, this alone isn’t indicative of how well their structures will end up looking. For best results, always look to find as many reviews of the structures produced by the modular homes Canada company that caught your eye – it’s likely that a company with a history of making great modular homes will make yours such, as well.