Modular Homes are strong, affordable and elegant prefabricated homes. Modular homes are easily available within everyone’s budget, and they can be customized by the manufacturer. In recent years, modular homes have become more and more popular over traditionally built homes.
There are many reasons for the growing popularity of modular homes. The construction process is considerably shorter than stick built homes. This makes buying and building modular homes a great option for home builders and a home owner.
The modules are built indoors. Therefore, the construction process is never hindered by weather. However, this is also a greener way to build a home. The specs are exact and, with no weather issues, construction waste is less.
Also, the cost of building and maintaining a modular home is up to 30% less than traditional homes, which makes these houses more affordable.
If you are interested in building a new home, and would like to talk about the benefits of modular construction in Virginia, contact Tidewater Custom Modular Homes.
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Modular Homes Are Becoming More Common in Virginia
Modular Home Construction Process is Much Shorter than Traditionally Built Homes
One of the biggest questions, or deterrents, pertaining to building a new home is the construction timeline. What is the process and how long will it take? With modular homes, are large part of the “decision to build thru moving in” time line is removed. Believe it or not, it generally takes from 60-120 days until you can move in and call your new house a home.
Modular homes are similar to on-site construction or stick built homes in appearance and performance. But one huge advantage of modular construction is the shortened timeline which results in cost savings.
The parts or modules of a modular house are constructed in a climate controlled factory which removes weather delays entirely. This also increases efficiency which allows your home to be built faster which also costs less.
By having a workspace for building the modular home that is separate from the construction site allows for many steps to be done at the same time. In other words while your building site is being prepared; the ground leveled, the foundation poured, your walls and roofs are already being built at the factory.
Contact Tidewater Custom Modular Homes if you want to build a new home, but you don't want to wait for it.
How Much do Modular Homes Cost?
We get this question all the time. "What is the price of a modular home?" Just like with stick built homes, so many things come into play in making this determination.
Ranch homes generally cost more per square foot than a two story home. In the end however, they end up having a lower final price because they have less square footage. The fixed costs: foundation, site preparation and septic, all cost the same no matter what style home you build. Two story homes use a smaller foundation. However, the square footage is greater because you have more than one floor. The larger the home, the more modules you will require, and more modules means higher costs. When you customize the modular floor plan, the costs increase as well.
Modular manufacturers have factory model homes which cost less than custom designed homes. Obviously custom designed homes will cost more.
For more information on the cost of a modular home, contact Tidewater Custom Modular Homes.
Financing a Modular Home
To build a modular home you need to pay the modular home company for building the modules and the general contractor for his services. If you do not own property, you also need to purchase that.
There are two typical sources of these funds. The first is private funds, such as personal savings, an equity loan on another property, or the sale of personal assets. The second is obtaining a mortgage through a lending institution, like a bank or mortgage company.
There is one major difference between paying for an existing, already built home and paying for building a new home. When you buy an existing home you pay the seller in full before you take possession of the home, usually through the mortgage. When you build a home, you make periodic payments as the work is completed. This protects you and the lender should something prevent the completion of the home on the GC end. Receiving compensation as the job progresses also protects the modular home company or dealer and the general contractor should something prevent you from paying for the finished home.
When you use a lender to build a home, you obtain a "construction loan" which is a short-term loan usually four- to twelve-months' duration. The loan provides for a series of payments as work is completed. Once the local building inspector issues a certificate of occupancy and the lender agrees that the home is essentially complete, the lender pays off the construction loan and issues you a mortgage.
What is the most different regarding construction loans for modular home construction is the time line. With traditionally built, stick built homes, the construction process is very long, a year or longer in some cases. The modular construction process is much shorter, a couple of months only.
ODU and HU Students And Tidewater Custom Modular Homes Build "Green" Home
There's a quirky new building on the Old Dominion University campus, assembled like Lego blocks in about two hours Wednesday morning.
This house was delivered in four pieces in Norfolk, and crews fit them together to make a one-of-a-kind Solar Decathlon house.
The modules for this solar decathlon project were built in Pennsylvania and put into place on the campus of Old Dominion University Wednesday morning. They will be joined together and then the interior work will get underway.
It was designed by engineering students from Hampton University and Old Dominion University who have been jointly working on this project as The Tidewater Team since they were invited to participate in April of 2010. Team Tidewater is competing in an international green-technology contest called the Solar Decathlon, sponsored by the U.S. Department of Energy.
The house has to be a zero net energy home, meaning the energy they use will be equal to the energy they generate.
"We have a water-sense toilet and low flow faucets in the shower and the lavatory," said Noel Nicole Harrison, Hampton University engineering student.
The home will have triple glaze, super-insulated windows and spray foam insulation. It will cost $250,000 as affordability is one of the ten criteria these homes will be judged on in September in Washington D.C.
"We have to produce as much energy from the sun over the course of the contest as we consume," said John Whitelaw, ODU doctoral candidate.
The Tidewater Team reached the finals this year, the first time they entered, and will be going up against other futuristic models from universities in China, Belgium, Canada and New Zealand and from 15 other U.S. schools.
Truly a Project Green.
"So when they see a grand challenge for the whole world and their little piece in there while they're still being educated, it gets them excited. When they're excited, they're engaged. When they're engaged, they learn better, and that's what it's all about," said Oktay Baysal, Dean of Engineering and Technology at Old Dominion University.
It was a long-anticipated day for the engineering and architecture students, their professors and their professional helpers (such as Tidewater Custom Modular Homes), who until now had been working on the project for two years only on paper and computer screens.
More information and articles can be found on wavy.com
The Difference Between a Manufactured Home and a Modular Home
We are often asked this question “What is the Difference Between a Manufactured Home and a Modular Home?”and it is a good one. With today’s advances in the factory built construction industry, it is difficult to know the difference between a manufactured home and a modular home. This blog is designed to clarify the distinctions.
Essentially, a manufactured home is built in a factory and remains on its transport frame throughout its useful life. The truck backs into the desired location and unhooks the chassis and drives off.
A modular home is built in a factory in the form of modules. The modules are built to your desired design and floor plan, and built to exact and stringent specifications and standards. The modules are then taken via transporter from the factory to the site. It is then lifted off the transport trailer by crane and set on and connected to a permanent foundation.
Although manufactured homes come in double width units, they are never more than two boxes, or modules, and never have a second story. Conversely, modular homes can be any number of boxes; they can be designed as small vacation homes or large estate style homes and everything in between. A standard colonial style home would likely by four boxes.
Modular Homes Sell for the Same Price as a Stick Built Home
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.
Modular Homes Can Save You Money
For those who are considering a newly built home, you should consider building yourself a modular home. As oil prices increase, all industries are victim to increased costs. However, modular homes companies are less affected than the stick built construction contractor. The modules for Tidewater Custom Modular Homes are built in controlled environments to exact specifications. Therefore construction costs are already lower than the traditional builders’. The modular homes takes less time to construct; therefore, you are paying less for the worker’s time on site thus decreasing labor costs as well. The modular home factories have their materials on site in bulk, therefore are less victim to the immediate increase in transportation costs of goods and materials that most shipping companies are adding onto their invoices. Therefore, your materials cost is lower as well. In spite of the economic situation people still need to buy a home. Rather than buy a brand-new stick-built home, a preferred solution for consumers (and the institutions that lend them money) might be a custom-built modular home.
Modular Homes are Green Homes
Architects, designers and home buyers are interested in creating and buying new, environmentally green homes. Green is chic, and modular homes are green. Their designs offer so much versatility and appeal that their popularity is on the rise. With new methods of construction and transportation, designers and builders are cutting waste and energy consumption, and cutting production costs while achieving greater methods of sustainability.
Modular Homes are built from modules that are assembled in a factory to exact specifications. Everything is cut with more exactness and everything is applied and assembled more accurately, saving time, materials and energy. These standards extend the life and cuts down on upkeep of the home over time. Modular home factories also produce less waste than onsite construction. Where modular home production generates around 2% waste, stick built homes generate 30-40%. Also, less time is spent constructing modular homes, so production costs are lower. Ultimately, modular homes allow eco-friendly construction at a fraction of the cost, to a larger consumer base.
Because modular homes are prefabricated, the modules allow you to design a home that will complement the space you are placing it on. You can change the design and make it fit the space rather than make the space fit the home; again saving energy and material costs.
For eco-friendly construction, and a customized, newly built home that is energy star qualified, contact Tidewater Modular Homes.
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