Two Bedroom Modular Homes | Design. Build. Modular. (2024)

FAQs

Is it cheaper to build or buy modular? ›

Is it cheaper to buy a modular home or build? In most cases, modular homes are less expensive than building a house, mainly because there's less labor involved.

The cost of modular homes in Florida will depend on the size, style, and amenities. Generally speaking, you can expect to pay between $50 – $150 per square foot for a prefabricated home. What is the best type of modular home? The best type of modular home for you depends on your budget and preferences.

Building a modular home costs between $180,000 and $360,000 , with the average homeowner spending $270,000 . Prices vary depending on the size and location of the home, as well as how customized you get.

Of course, modular houses have their downsides. These include less customization capabilities than stick-built homes. The cost of the land and construction of the home may be higher than some people can afford, land restrictions, and perceive quality issues. Modular homes may also have more a complicated loan process.

Many factors can affect your home's resale value, such as its curb appeal, location, lot size and more. In general, though, there is no difference in a modular home value vs. stick-built. Both stick-built and modular homes are made to last and tend to appreciate value over time.

While not all lenders finance manufactured homes, some may offer Fannie Mae's MH Advantage® program, which allows buyers to finance manufactured homes over 30 years with down payments as low as 3%. To qualify, however, your home will need to fit very specific criteria.

To be acceptable in Florida, a modular home must bear the insignia of the Florida Department of Community Affairs (DCA) on the inside of the cover of the home's electrical panel. They are considered real property when installed on a permanent foundation, and insured as such.

The entire process of building a home using modular construction generally takes 6-9 months from purchase to occupancy. Depending on the complexity of the home, and any additions like porches or garages, a home built using modular construction can take an additional 6-12 weeks to be move-in ready once set.

Custom Design Prefabricated Home Prices. Custom modular home prices range from $100 to $250 per square foot. Prices are $200,000 to $500,000 when including all site-work, installation, and finishing. Most modular builders will customize their existing designs to change the finishes, floor plan, or the home's size.

Modular homes are assembled on a site and anchored to a foundation, whereas a manufactured home is transported in one piece to a site and can be relocated. Because they can be moved, manufactured homes are considered chattel (personal property) — like a recreational vehicle.

What is the smallest modular home you can buy? ›

Small manufactured homes range in size from tiny homes, less than 500 square feet to single-wide mobile homes that can be up to 900 square feet. These smaller-sized manufactured homes are typically 14 wide and 40' long.

It may be difficult to make changes once construction has started because so much of the home is pre-built. Bias exists. Some people confuse modular homes with manufactured or mobile homes, which don't have a foundation, and may therefore avoid them.

While the timeline for modular construction is consistently compressed, transportation and other costs can mean it isn't cheaper than building on-site. Investors aren't convinced there's sufficient and consistent demand for modular housing in most markets.

The short answer is that modular homes can last just as long as traditional site-built homes, if not longer. In fact, many modular homes come with warranties of up to 50 years. The key to a modular home's longevity lies in its construction process and the materials used.

“A conventional stick-built, non-luxury home costs about $150 to $250 per square foot. A modular home can range from $50 per square foot up to $250 for some luxury houses.” As with any type of construction, costs are highly variable based on finish out and design.

Reduced labor and material costs

Thanks to the controlled factory, modular construction significantly reduces costs when compared to traditional construction methods. For starters, this factory method allows for efficient, assembly-line production of building components, minimizing the need for skilled labor on-site.

Instead of being built on your site, a modular home is built in a factory. After it's built in a factory, your home is transported in sections (modules) to your site and then set on its foundation with a crane. Finally, a construction crew will assemble the modules to bring your entire home together.