3 Things You Should Know About Modular Homes

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

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

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.