Modular and manufactured housing has continually been the affordable housing option compared to site-built housing, with pricing lower per square foot in these homes in comparison to their counterpart the site-built housing. If you are continually asking, “how much is a modular home?” the answer you get will always differ from one dealer and builder to the next. Cost-efficient modular and manufactured housing can be priced as low as $50 a square foot for certain models, while some modular homes can be around $100 per square foot depending on options selected by individual customers.
At Baird Homes, our prices are comprehensive, so that you don’t have to worry about surprise expenses along the way. The price of your home is inclusive of transportation and installation, and foundation construction costs as per the state’s requirement as well as set up. This way, you have more control over your finances and can adequately plan for your home’s financing.
What are the Factors that Determine the Cost of Your Modular Home?
Modular homes generally cost 15% less than site-built homes. However, to answer the question of “how much is a modular home?” you will have to take into consideration the following factors as they affect the eventual cost of your home.
Type and Style
Modular homes come in a variety of types and styles, ranging from single and multi-level units to the ranch and cape cod-type homes. If the type of home you want requires a more significant foundation, the price may go up.
The style, on the other hand, refers to the outward appearance of the house and can be anything from colonial to contemporary. Each design has unique material requirements to actualize it, which creates an impact on the overall price of the home.
Components of the home
Modular and manufactured homes are usually constructed to be high quality, functional, and cost-effective. As such, there are standard features that every modular home has like the type of building materials used. By only settling for standard features offered by your builder, your home buying costs will be low compared to going for the available upgrades.
While standard features may keep your prices low, be sure to look at their energy efficiency, ease of maintenance, and durability of the standard features first before settling. It can be more beneficial to pay more for upgrades and better features that bring you value for your money in the long run. For example, a home with double-glazed windows will perform much better at providing insulation and reducing energy expenses than regular windows. This, in turn, sufficiently reduces the cost of living in your new home in the long term.
The size of your home determines the price you pay for it. This is because it is tied to factors such as the number of materials and labor used during construction. It is, therefore, safe to say that the bigger your home, the higher the costs you will incur.
If you are looking to spend less on your home, be very keen on the floor plan you choose so that it matches perfectly with your design and the land you intend to have the home.
Building a home in an area with a high median price for modular homes will have you paying more for a home compared to a location with a lower figure. You may want to do your research on the median modular home prices in your local area and compare it with other places to get the best deals. If the standards of living are high in your locality, the cost of your modular home will also be high.
The site for your home is set up can also inflate your homes’ prices. Although most dealers charge a fixed rate for an average distance, the farther your home will have to be ferried, the higher the associated transport costs. Keep in mind that the transportation of modular homes requires special road conditions due to the nature of the load. Other costs that you may incur specific to your location include site excavation cost, land development costs, permit fees, and sales tax. If special equipment like cranes will be required, the cost will also go up.
Working with the provided features and models means you won’t pay more for your home. Though some builders do not offer the freedom to customize your own home, Baird Homes works with manufacturers who provide customization options so you can design a home that suits your taste, style, and needs. However, such customizations reflect in the eventual cost of your modular home.
The more the custom changes you want, the higher the price of your home. This is because of the extra materials and labor needed to achieve your required designs. It would help if you always talk to your builder on the available customization options and how they affect the final price of your home so you can build a home that suits your needs without having to break your bank.
Every state has different labor laws that determine labor costs per hour. The cost of the labor then affects the cost of production, which is then reflected in the overall cost of a modular home. The higher the labor costs in your state, the higher the prices of modular homes. Unfortunately, there’s not much you can do about the impact of labor costs on the final price of your home.
If you are looking for a modular home in Leesburg and wondering, “how much is a modular home?” Baird Homes has the answer you are looking for. Get in touch with us today for reliable, high quality, and affordable modular homes complete with accurate price figures based on your specific needs. What’s more, you don’t have to worry about funding as we provide a variety of financing options to help you actualize your dream of owning a home.