FAQ About Modular Home Construction

Have you been trying to come up with the most affordable way to get a house constructed on your land? A good option for you to consider is an investment in a modular home. You will actually enjoy a few benefits by opting for modular home construction. Take a look at this article for the answers to questions that you might have in regards to this topic.

What is a Modular Home?

Basically, a modular home is one that is constructed out of prefabricated materials. Rather than the house being built completely on your land, the pieces will be manufactured in a factory. The prefabricated materials will then be transported to your land and assembled by professional contractors.

How Long Does Construction Take?

A modular home can be constructed in a shorter period of time than one that is conventional. For instance, it can take as little as two weeks to manufacture the prefabricated materials for construction. However, the specific length of time depends on the type of modular home that you opt for. The entire process that includes an inspection and assembly of the prefabricated materials can be finished in up to 90 days.

Can a Loan Be Obtained?

A modular home is not treated any differently by loan companies than one that is conventional. You should be able to apply for a loan if you don't have the funds available to pay upfront. Keep in mind that you might need a down payment as with many conventional home loans as well. The down payment amount required will depend on the specific loan company that you choose.

What Are the Benefits?

Your design capabilities will not be limited by opting for a modular home. You can opt for a home that is based on a ready-made house plan, or you can choose every aspect of the design on your own. Another benefit is that you can have the security that all of your prefabricated materials are of a good quality, as they will be inspected upon completion.

What is the Estimated Price?

The size of the modular home chosen will play a major role in the price. For instance, a home that is 800 square feet is estimated to cost a minimum of $50,000. You should also keep in mind that getting a foundation constructed will increase the price. Speak to a contractor about modular home construction as soon as you are ready to move forward with the process.

For more information, contact professionals like Family Built Homes.