A modular home, also called a prefab home, is one where the basic materials are built off-site, then brought in and completed when the house is ready to be put up. There are definitely some benefits of choosing a modular home, but also a few drawbacks to be aware of. Here are some things to know about modular homes before you decide this is the right option for you.
Construction Goes More Quickly
A major benefit to choosing a modular home over one that is being built from the ground up on-site is that it goes more quickly. The components of the house are built in a manufacturing warehouse, where the processes go faster. There isn't a contractor that is limited by things like ordering materials, waiting for laborers to complete the work, training new people, or weather considerations and time constraints. Everything is much more structured with building the components of the home, so you can move in faster than if you had a builder work on your new home.
They Can Save You Money
In the long run, you typically save money by going with a modular home. So much of the building of a modular home is done in the factory or warehouse, so there aren't issues with custom building prices or the high labour costs. It also helps when there aren't a lot of interruptions in their work environment, which can also increase the total cost of building a home. Supplies are usually available already, so you aren't charged extra for shipping these supplies to the job site.
You Have More Upfront Costs
It is important to note that while you save money through the entire process of having a modular home built, there can often be more upfront costs. If you were to hire a contractor, you wouldn't pay for everything at once. You pay for various steps of the process one invoice at a time. However, with a modular home, you need to pay for the entire home upfront before any work is done. This does require more of a financial investment initially, but you should still save money overall.
The best thing you can do is talk to a builder that puts up modular homes so you can get pricing information and find out exactly how the process works. This will help you weigh the pros and cons and decide if it is the right option for your home.