If you’re considering purchasing a modular home, there are several things you should know before you make the decision. Because these homes aren’t customizable, they don’t offer you complete customization. This means you may have to make do with certain floor plans or features that don’t fit with your vision. There are also several pros and cons to modular homes. In this article, we’ll discuss the pros and cons of modular homes.
The price of a modular home is often less than that of an existing home. While this is generally true, the actual sale price depends on the site and preparation. While the modular home must still meet federal and state building codes, it may be more difficult to resell. Resale may also depend on its location and curb appeal. This means knowing about the pros and cons before making a decision.
The biggest drawback of a modular home is its construction. Previously, modular homes were viewed as eye-sores because of their sloping roofs. Today, though, the components of modular homes are every bit as high-quality as those of a stick-built home. If you’re interested in buying a modular home, you’ll need to decide what kind of modular home you want. Modular homes aren’t for everyone, but they do have some advantages.
When financing a modular home, it is important to understand the various options available to you. One option is to use a government-backed loan. This type of loan features the same underwriting agreements as conventional construction loans, but offers different down payment options. Another option is to pay cash for the home. This option is convenient and eliminates the headaches of interest rates, appraisals, paperwork, and closing costs. Leasing a modular home may be an option.