Tidewater Custom Modular Homes Blog

Often there are questions regarding the value, appraisal or retail value of a modular home. Modular homes appreciate in the same way as a traditionally built home, and sometimes there value is higher than a traditional home of comparable size and layout.

Modular Homes are built to more consistent, high standards than traditionally built homes, they are also built more sturdily, using screws and glue. Because of this, often times the wear and tear on a modular home is less despite being in the same geographic location. However, for simplicity, and because home value depends on how the home is maintained overtime, we say that modular homes retain value consistent with stick built homes.

Banks and mortgage companies consider modular homes to be the same as traditional homes. Most modular home factories are well known to lenders, and the construction time is faster therefore, lenders often like to initiate construction loans. But for the homeowner, the interest generated on the loan is less too because of the shorter construction period.

Contact Tidewater Custom Modular Homes if you are interested in learning more about the value or appreciation of modular homes to help you in your decision making process.

Many people wonder about the resale value of a modular home and how it compares to that of a stick built home. Modular homes cost about 10-15% less to build, but they sell at the same price as a stick built home. This is because modular homes are appraised to the same standards and specs of a site built home, which means that both style homes are assessed at the same amount.

It takes about 10 to 12 weeks from the day a customer decides on a modular home to the day that same customer get the keys to their new house. While the house modules are being built at the factory, we are pulling permits and doing the site work. When the modules arrive on site, it is about a 3-6 week process to build your new home.

But the best part of building a modular home is the guaranteed pricing. When you decide on a floor plan, the cost of the home can practically be priced out to the penny. At Tide Water Custom Modular Homes we know how much a home is going to cost and how much our on-site labor will be cost because it is essentially the same for each job. There are no surprising materials costs or labor costs. That is a big advantage for the home buyer.