Modular Homes VA Blog
Modular Home Construction - New Homebuyers Method of Choice
Here at our award-winning Tidewater Custom Modular Homes, we are big fans of you young and first-time homebuyers. We are big fans because you folks are, by and large, are discriminate consumers. You tend to contact us having conducted extensive research into Hampton Roads home building options. You ask smart questions and challenge traditional stick-built home construction myths that simply don’t add up. This is music to our ears because the more you know about custom modular home construction vs traditional stick-built home constructions, the more likely you are to choose custom modular home construction.
Many young professionals want to buy a home once they have established their career. Now they have the choice to custom-build a modular home in Hampton Roads, VA. Because precisely cut and premium-grade materials are used in building each module, interested home buyers are guaranteed a home that is aesthetically pleasing, fully functional, and energy efficient.
Investing in a modular home is a practical investment to consider for home construction. For one, modular construction allows people to make building their dream home a reality with significantly less time and money. These benefits in particular are a big advantage to young adults who are preparing for their future. Every modular floor plan is transformed with the homeowner’s unique requirements in mind using streamlined processes for a faster completion time without jeopardizing quality.
To get started on your custom-built modular home, contact Tidewater Custom Modular Homes anytime.
Reinvest Real Estate Capital Gains Tax Free Into Profitable Modular Home Construction
Now, we are not tax attorneys (nor do we play one on TV), but we’ve come across a few people who have sold rental property elsewhere in the country and are now looking to us here at Tidewater Custom Modular Homes (Norfolk, VA) to reinvest the profit into rental property here in Hampton Roads. What all these people are finding out is that, with modular home construction, they can build more rental home for less money than traditional home building. They’ll get a better, stronger, more energy efficient structure, but more importantly, they’ll get more rent money.
The process by which to do this is called a “Section 1031 Like Kind Exchange”. Again, you must talk to a tax expert for the details, but simply put, you work the process through an intermediary who handles all the sale of your current and purchase of your future rental property. Because you never actually take receipt of the profit on the sale of your old property (because this profit is directly transferred by the intermediary during the purchase of your new property), federal tax law concludes you have not actually received a cash gain, YET that is. Sometime in the future when you (or your heirs) sell this new rental property, then the federal government will come calling you to pay tax on the gains.
So rather than write a check to Uncle Sam this year, you can reinvest your hard-earned home equity into a new modular home perfectly suited to rent. Small low-cost ranch style such as "The Austin Modular Home" or the “Ashland Modular Home” can immediately put you into positive cash flow on your new custom modular rental home.
We can help you every step of the way. Contact us here at Tidewater Custom Modular Homes anytime!
Modular Home Construction is The Modern Solution
Modular construction popularity is revolutionizing the home-building industry. These homes save buyers money and deliver a higher quality home. In every category, modular homes are superior to stick-built homes. They cannot be visually distinguished by the untrained eye from their traditionally built counterparts. It is the modern solution to your dream house dream more in savings and less in budget. There is practically nothing you cannot do with a modular home. Modern modular homes will take on the appearance of a traditional home or can assume the look and style of today’s most contemporary structure.
Our modular construction process starts in a state-of-the-art manufacturing facility, so the homes will be produced to be much tighter than those built on-site. In fact, our homes routinely operate more efficiently than a conventional site-built home. With the drywall, flooring, cabinetry, plumbing, and electrical completed in a quality controlled, weather tight environment, the modular construction process provides a custom home within stringent manufactured tolerances.
Choosing the right builder to provide your new home is one of the most important decisions you will make in the home buying process. We deliver beautiful homes, support innovative home design, and deliver safe and healthy homes for our clients. Our modular homes will be one-of-a-kind creations that offer an even greater range of design choices than most traditional builders.
Our team of modular home building experts are the most knowledgeable you will find when it comes to modular construction. During the design stage for your home, you will have a wide range of choices to make as you create a truly unique home. Given the variety of choices involved, it is not unusual for custom home buyers to experience some emotional ups and downs during the process, more than a new home buyer that is building a production home may experience in their new home journey.
Knowing what to expect at each stage comes from strong communication. Just knowing what choices you will have to make, and when, will go a long way toward making your custom home building process smooth and produce the home you have always dreamed about. We pride ourselves on being the custom home builder that has the answers when you need them most.
Modular homes are models of efficiency and quality assurance. Our commitment to excellence begins at the design phase. From there our computer-assisted design technology assists us in customizing your floor plans and producing specification sheets to your exact requirements. We give you the options you need! Whether you are looking for a larger family home or you want to downsize, we have a floor plan that fits your lifestyle. Then, once all designs have been finalized, the building process begins.
Modular Homes Are Great Investment for New Investors
In these uncertain economic times, real estate is increasingly an avenue of choice for the wise investor. Investors are smart to invest in properties that requires modification either to occupy or to rent. This makes modular home construction perfect for home investors looking to get maximum value for their real estate investment dollar.
Modular home construction is affordable and value-based customization. This benefits investors since the home can be built according to their exact preferences, for example having the utility room accessible from the outside and separate from the interior of the home so that tenants do not need to be home for service. Modular construction is also a more conservative and easy process for those who are new to home construction because modular homes are precisely built from planning through move-in. Costs are set and there are no surprise increases of fees.
Contact Tidewater Custom Modular Homes to find out more about the advantages of modular construction for investment properties.
A New Custom Modular Home Will Deliver Everything You Want AND Need
You need a larger home, so you are going to all the open houses looking for a new house. But you like some (but not all) of the things about all the homes that you view. Why not build a fully-customized modular home?
When you are spending this kind of money on a new house, you need to be assured that the house offers everything you want and need. With custom modular homes, not only can you design the floor plan the way you want it, but the house gets built faster than traditionally built homes. In fact, from the design of the home through the completion of construction is only around three months. And that home’s construction will be more precise and structurally stronger than any other home construction available.
Finding a home then going through the closing process could even take longer than that. When you build a modular home, you can also add design accents to your custom designed floor plan. A fireplace, garage, custom deck, kitchen island or wood floors. Your home is only limited by your budget. Contact Tidewater Custom Modular Homes to find out more about the modular home construction process.
Modular Home Construction: The Benefits of Systems Engineered Home Construction
Modular homes are constructed with the support of precision systems engineering. The core structure of modular home construction is accomplished within an indoor automated-controlled setting using computer precision assembly processes. Every module produced withing the fabrication center is subject to continuous quality checks. This is fundamentally different than traditional home construction where a team of laborers of varying skill sets work unsupervised for swaths of time. Now don’t misunderstand us here. We’re not condemning traditional home builders and their staff, we’re simply saying the degree of quality control mechanisms in place withing the modular home construction industry simply do not exist within the traditional home building industry.
However, systems-built homes do not mean that they are cookie cutter style homes. Modular homes can be custom designed, in fact, most are. There are also 100’s of modular floor plans from which you can choose, or you can modify one of those existing plans. Whatever floor plan design you choose, Tidewater Custom Modular Homes can build that home faster with modular construction.
Speed of construction is one reason that homebuyers turn to custom modular home construction. Modular home modules are built in a climate controlled factory. While construction is taking place, the site crew is building the foundation and tying in water and sewer. When the modules are delivered the modules are secured, the roof and siding is added, and the finish work is completed.
While interest in modular homes is peaking because of the faster construction process, home buyers soon find that modular homes meet and often exceed the standards of traditionally built homes. Modular construction uses more materials than traditionally built homes and those materials are never subjected to bad weather. As a result, modular homes last longer through time and weather.
Modular construction offers you the ability to build a high quality, custom designed home, faster. For more information on modular home construction, contact Tidewater Custom Modular Homes.
Rights and Responsibilities of Custom-built Modular Homeowners
Custom modular home construction is more popular than ever new construction in Virginia Beach, VA. What makes us different is, unlike those sketchy home builders out there, we want you to be fully informed of your rights and responsibilities as a home buyer. This is to protect you as well as us. Some builders purposely omit key informative communication to the home buyer because they hope to lay a higher burden on the buyer than ethics (and sometimes law) allow. We excel because we are in the business to serve YOU. We will never forget that.
So we invite you to research us thoroughly because the more that you do, the better we will look vs others who only claim to be reputable. Visit Tidewater Custom Modular Homes often for updates and inquiries.
Modular Home Construction Maximizes Energy Efficiency of Cape Cod Style Homes
Cape Cod Style homes are a popular choice due to their compact design. The design of these homes offers maximum living space, storage space, dormers, and pitched roofs on the second floor. However, oftentimes, with stick built Cape Cod homes the second floor framing is usually less insulated due to its proximity to the roof which can often cause air leaks. A well-insulated Cape Cod style floor plan is often a challenge.
Modular home construction in Surry, VA offers numerous options and a wide variety of customization for homeowners. This option enables homebuyers to choose the right material for insulation and ventilation as effective solutions to heating and cooling problems. The modular floor plan also allows for changes in insulation down the line. Modules are prefabricated using standardized and quality controlled processes in an offsite factory. These modules are assembled at the permanent site and are glued and screwed, making the entire home more efficient as well.
The sectional approach to modular construction provides effective solutions to modern issues that have arisen in home designs. Saving energy costs in areas with extreme weather patterns is one of the issues that modular construction has addressed. Cape Cod style modular homes are energy-efficient whereas traditional methods are having difficulty implementing the same energy efficiency. Insulating a Cape Cod Style home has never been this fast and easy. To find more about Cape Cod style modular floor plans, contact Tidewater Custom Modular Homes.
FAQ’s Regarding the Modular Home Appraisal Process
The question often arises: Do modular homes appraise for the same value as a traditionally built home? Simply put, yes.
In order to buy a home, it must be appraised so you can begin the process of getting a mortgage or loan. An appraisal is the estimated amount a home buyer can expect to pay for their new home. When buying any piece of property, including modular homes, you need a licensed professional appraiser. The question then becomes, if the home is not yet built, how is it actually appraised?
The appraiser will inspect the modular home plans to have an idea of how much your new home should cost. Generally, they use information on labor rates, building costs, and depreciation and appreciation locally where the property is being built. The appraiser will use sales comparisons, prices and values of compatible homes sold in the area, to determine the current value of the modular home.
Once a thorough analysis of the property has been completed, a report is created which is used to initiate the mortgage or loan process. Included in the report would be the property specifications, the replacement cost analysis and the above mentioned comparative sales analysis.
The replacement cost analysis is the total amount spent on the construction and materials of the modular home, and the lot value.
All this will determine the current total value of the property. The modular home appraisal will then be finalized so that the loan transaction can take place. The calculated total value of the modular home will help you determine future expenses such as utilities and real estate taxes.
Simple Guidelines for Financing and Insuring New Modular Home Construction
We field the typical questions regarding financing and insuring modular home construction that our fellow stick builders get. The questions, issues, and processes are exactly the same. Rest assured that we’ll ensure and guide you every step along the way.
Many banks (and we have great relationships lenders across Virginia) value working with modular home buyers. Why? The building process is so much shorter, and the system is so defined that there is little to no risk to the banks.
As far as assessing the value of modular homes; modular homes are assessed in the same way as traditionally built homes. Here is the good news: modular homes cost about 10-15% less to build, but they sell at the same price as a stick built home. Why? Custom modular homes are appraised with the same standards of a traditionally built home; therefore, both types of homes are assessed at the same amount.
Banks and insurance agencies both say there is no difference between stick-built homes and custom modular homes in terms of approval ratings, and cost.
Banks and insurers are well aware that modular home construction strength and building standards exceed that of traditional stick built homes. There may even come a time where insurance companies take into consideration the higher structural integrity of a modular home and insure them at a lower rate.
However, until then, you can rest assured, modular home construction financing will not be a problem; modular homes hold their value in the same way as traditionally built homes; and ensuring your modular home will be no different either. Now that those questions have been put to rest, contact Tidewater Custom Modular Homes for more information.