COST OF MODULAR HOMES
Modular homes are an excellent option for customers looking to build their dream homes. It is a common misconception that they look boxy and are made cheap. In truth, modular homes are built in a quality-controlled setting to higher standards than site-built homes.
The cost of a modular home can vary depending on each individual situation. While Rochester Homes is committed to helping our customers achieve the perfect home, what we do only makes up a portion of the price. By purchasing materials in bulk and completing the build faster in a factory setting, we save the buyer money by lowering the overall cost. However, there are a number of other factors that affect the final price.
TALK TO A BUILDER
While some might think that modular homes are just simple copy and paste designs, this is far from the truth. Modular home builds come in all shapes and sizes, and their complexity and unique style depend on each buyer’s wants, needs, and specifications. This is why coming up with a flat cost is difficult.
While Rochester Homes does the majority of the construction, your contract is with your independent builder, who will complete the home and finalize the project. Your independent builder will discuss your home’s specifications with you and have insight into the cost of homes based on your location. Talking to a builder in your area will provide you with a closer estimate of the final price.
If you are looking for a quick and easy ballpark estimate, you can simply look up site building costs in your area. It isn’t an entirely accurate method, but as modular builds are actually built to similar if not higher standards than site-builds, it will at least give you an idea of the potential cost.
FACTORS THAT AFFECT THE COST OF A MODULAR HOME
Pricing a new home isn’t like going to an online marketplace and finding exact prices to compare for the product you want. While all home builders build to a basic set of specifications, additional key factors will affect the final cost of your modular home.
- Specifications: As mentioned above, there are some basic specs that all builders follow. However, to personalize your home, you will choose among standard offerings and colors and select any desired upgrades. Choosing between the standard amenities and upgrades will affect the final cost.
- Design: The type of home you choose, as well as the style, will also have an impact on the price. A two-story home versus a single-story ranch, for example, comes with major structural differences that affect cost. The style of home as well, like craftsman, Colonial, or contemporary, will require different materials that vary in price.
- Size: The square footage of your home, of course, will influence the cost of the build. The bigger the house, the greater the cost. This is fairly straightforward but worth mentioning. It is also worth noting that with modular homes, the actual price per square foot might decrease. This means you are getting a better value. Still best to talk with your builder first, as every situation is different.
- Location: There are a few things related to your home’s location that will affect the final cost. The distance you live from where the home is initially being manufactured, for example, as your builder, will incur transportation costs. Having your home built in a more urban setting versus a rural locale will also impact the price. The site where your home is being built will also need excavating. If there are any issues with the soil or any trees or rocks need to be removed, it can alter the price.
- Material: The last thing that might influence the final cost of your home is material cost. If we have learned anything in 2021, it is to expect the unexpected when it comes to the availability and market price of raw materials. Rochester Homes is committed to obtaining the best deals on name-brand components to use in your home. However, we want to be transparent in that rising material cost during the construction of your home could influence the final cost of your home.
BUDGETING AND CONSIDERATIONS FOR YOUR MODULAR HOME
Before contacting a builder to discuss cost it is important to know your budget and the priorities you have for your new home. Having a good idea of what you want and your budget will help your builder provide a more accurate estimate. Consider the square footage you want, any upgrades you may have an interest in for windows, cabinets, and doors. You will also want to think about any foundational challenges your builder might meet with, like tree, dirt, or rock removal.
When you are ready to discuss your new dream home, contact Hampton Homes to begin your home building journey. We can put you in touch with a local expert who can give you more insight into the price of building your modular home.