There’s no denying it, we’re in a serious economic crisis. Financial organizations are collapsing under the weight of bad debt that they have taken on and consumers are experiencing uncertainty and a lack of confidence in the market. As a result, lending companies are lending less money and the average person is watching their expenses very, very closely.
In spite of the crisis, life goes on. People still need to buy homes to live in. And to do that, they need to get a mortgage. 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-build a modular home.
At first, those unfamiliar with the concept might wonder two questions: “aren’t modular homes just like mobile homes?” and, “isn’t custom building usually expensive?”
Custom modular homes are not mobile homes. They look just like regular homes. The difference is that they are built in units in a factory-like setting by professionals and those units are shipped to the site and put together within just a few days. This method is actually cheaper to build in general AND it allows for customization, because prospective homeowners can select different units and put together the floorplan they want at a price that is lower than a conventionally built home.
Custom built homes at a price that is lower than a conventional home is attractive to anyone thinking about having a home built. But modular homes are attractive for other reasons, too:
- Because modular homes are faster to build than stick built homes (taking weeks instead of months to build and erect), there is less money required in a building loan and it gets paid back faster.
- Modular homes cost less to live in because they are more efficient to run and they come with a 10 year warranty.
- Consumers need to spend wisely on a solution but they also need to consider the future. How will they leave the earth for their children? Custom modular homes are more environmentally friendly because they are faster to build and there is less wasted building material.
The benefits are clear: In today’s tight economic times, custom modular homes are the right answer for consumers who want to spend less now and in the future, who want to enjoy the home they live in, and who want to still make purchasing decisions that are good for the environment. And with so many different floor plans to suit each individuals needs there is virtually no reason why to not choose modular. Contact us to find out how you can get started on building your custom dream home today