Affordability
Purchasing a Modular or Manufactured home saves
money over traditional stick-built homes. The savings can
be as high as 20-30%. Modular and Manufactured homes are constructed
faster, so costs are controlled and kept to a minimum which enables
the savings to be passed along to the buyer. With many floor plans
and options to choose from, Modular and Manufactured homes can be
customized to fit most any budget.
Although they cost less, Modular homes are in
many ways superior to stick-built homes, and, once assembled, cannot
be distinguished from their traditionally built counterpart.
Tax
Savings
Tax incentives offered by the United States government
make it possible for many homeowners to exceed the standard yearly
deduction. Your state may offer the same benefits.
- A tax deduction for the yearly interest on
your primary and vacation home. This amount equals a big chunk
of your total payments for the first several years.
- You can deduct the total amount of your yearly
property tax bill.
- If you refinance to consolidate other debts,
the interest on the home equity loan is tax deductible.
Time
Savings
The Manufactured and Modular Advantage
in Time
Building a manufactured or modular home will normally save you time
compared with building a conventional stick-framed house. Saving
time on construction not only saves money, it also reduces the stress
involved in home building. The faster you build your home, the sooner
you will be able to enjoy it and dispense with the worries and preoccupations
of construction.
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When a manufacturer is building without a production
backlog, it delivers a house five weeks after the customer has finalized
the plans and obtained a building permit and financing. The general
contractor begins the site work and completes the foundation while
the manufacturer is building the house. If the house is small, uncomplicated,
requires little on-site construction, and the GC is not too busy,
it will be completed in about three weeks. Adding these two time
frames together, a prospective homeowner can plan to move into the
house eight weeks after finalizing the preliminary steps.
In most regions of the country, the fastest stick
builders require at least 13 weeks to build a small, uncomplicated
custom house, and many need several weeks longer. Even the most
efficient stick builder is significantly limited by small subcontractor
crews. His systems are no match for the modular manufacturer's assembly
line and large workforce. Consequently, the simplest stick-built
house completed by the most competent custom builder is likely to
take at least five weeks longer than a comparable modular home.
A typical two-story house that includes a garage, porch, and deck
will take a few weeks longer for both the modular builder and the
stick builder.
Larger, more complicated modular home designs,
such as a 7,500-square-foot two-story, will take considerably longer
to build. If the design requires substantial custom finish work
and multiple site-built structures, and the GC has a substantial
backlog, it might take sixteen weeks or longer to complete the home
after it is set on the foundation. Adding the five weeks required
by the manufacturer to build and deliver the house produces a total
of 21 weeks. A good custom stick builder is likely to take at least
a couple of months longer to complete such a project, since he will
have considerably more work to do from scratch compared to the modular
builder, who will have most of the house built at the factory.
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Happy
Housing, Inc | 6580 Spring
Arbor Road | Jackson, Michigan
49201
517.750.4733 |
fax 517.750.1427 | EMAIL
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