Tidewater Custom Modular Homes Blog

Modular construction is one of the fastest growing forms of home building in the market today. Increased efficiency and our ability to apply modern technology to the needs of the market place are what make it so desirable. Tidewater Custom Modular Homes offers designs that encompass the entire spectrum of the market; from affordable single-family designs to high end luxury homes to vacation getaways. The combination of reduced construction time, more efficient construction and unlimited customization are the primary reasons why many home buyers are switching from traditional stick-building to modular home construction.

One question always seems to come up in our conversation with people as they contemplate their choice between a stick built home and a modular home.  “Which type of home is stronger, modular or traditional?” The general consensus is that modular homes are stronger. They are built in a controlled environment where outside elements cannot add wear and tear. Modular home builders also use screws instead of nails and add glue to all the joints to increase the strength of the home.

Today’s modular homes rival any site-built home in design and functionality. Advancements in computer design and factory technology allows almost any custom home plan to be constructed as a modular home. For buyers interested in a fine-crafted home that can be built and completed in a fraction of the time of a conventional home, modular homes have become the preferred type of construction by many.

The development of a household budget is a must activity both before you build a home as well as during your ownership of that home. By preparing a budget you can better focus on mortgage payment goals and how the new house will affect your total expenses. Maintaining a budget during the time you own the home can help to prevent potential financial disasters as well as point you in a money saving direction so you have more funds available for those things that you need or want. Some of the items and information you will need to develop your budget are:

• All current monthly loan payments.
• All other monthly expenses
•  Records of variable expenses from the last 12 months. This will give you an estimate of your monthly expenditures.
•  Records of annual or semi-annual expenses
• An estimate of what your new mortgage payment will be.
• Records of other non-fixed expenses for the last year.
• Records or an estimate of personal expenses
• Having a current copy of your credit report can be very helpful. Not only will it reveal any inaccuracies in your credit history, it will also give you a clear picture your monthly obligations. You can get a free copy of your Credit Report once every year at the official credit report government site.

Be realistic in your budget assessment. Make provisions for possible increases in some items. Then, look for ways to get and maintain control over your budget. Most people spend 10% more than they make! You probably know how much money you made last month, but do you know how much money you spent? Or do you know how much money you have left to spend this month? If you don't you're not alone, most people have no idea. The fact is most of us spend 10% more per month than we make.

Once you have prepared your budget the next step is to look for the dream home of your choice and what better way than to use a Tidewater Customer Modular home as your choice? Contact us today to see our floor plans and how we can help to make your home a reality.