Around 35% of Americans can’t afford their own property, which explains why modular homes are becoming more popular.
Investing in a modular home has its pros and cons, so it’s important to familiarize yourself with them before taking the plunge. But if you’ve never heard of this concept, it can feel daunting to know if it’s the right option for you. Perhaps you’re currently in this situation and are looking for guidance on the topic.
Sounds like you? No worries, we’ve got your back. Here are the pros and cons of living in a modular home.
Pros of Living in a Modular Home
One of the biggest advantages of modular houses is the speedy set-up. Traditional homes are notorious for taking a huge amount of time, whether you’re dealing with delays or issues with contractors, but buying a modular home is hassle-free.
Many modular homeowners also love its affordability. This is because modular homes are easy to assemble, and you needn’t spend a fortune hiring contractors. There’s also the bonus of receiving pre-cut items, which means you don’t need an architect, either.
Further, every modular house goes through a rigorous process for quality control. Because of this, modular homes are built from premium-quality materials and can even increase in value if you decide to sell in the future.
Modular homes are also the go-to option if you want an energy-efficient property. You’ll find that most come equipped with double-glazed windows, siding, and insulation. So, not only are you choosing the more eco-friendly option, but you’ll save a fortune on utility bills.
You’re also guaranteed strong structural design as these types of homes adhere to strict industry standards. This means that your new home will withstand the elements and stay standing for years to come.
Cons of Living in a Modular Home
When buying a home, it’s important to factor in both sides to decide whether it’s worth the investment. Because of this, you should know that a downside of modular homes is that it can be difficult to secure financing, unlike with traditional properties. As a result, you may not get a loan, so you can’t pay contractors to start the building process.
Also, potential modular homeowners must find the ultimate piece of land for their build. During your search, you must factor in land restrictions, such as zoning laws, that could prevent you from building your dream home.
Moreover, this isn’t the best option if you want a large home. Most modular homes are smaller, which is a problem for families who need the extra space.
Pros and Cons of Living in a Modular Home
Now, you can weigh the pros and cons of living in a modular home and decide whether it’s right for you.
There are many advantages to consider, such as the speedy build and affordable price. But you must also factor in common issues like limited space and how it can be difficult to secure financing. Good luck!
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