Modular Homes VA Blog
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.
Modular Home Additions: New Living Space in Weeks Not Months
Many homeowners who seek to add living space are electing to add-on vice sell and move. This is even though the potential for profit on the sale of homes these days is through the roof. Why then the pause to sell? Because the cost of buying is also through the roof. The solution for many here in Hampton Roads is a modular addition to your home. If you love your existing home but need some more space, another bedroom, more bathrooms or an office, modular additions are less stressful, faster and less expensive. In fact, modular additions are the way to add high quality space to your home.
Adding an addition to your home with traditional construction means you will wait months you’re your home addition is complete. Living with your family, kids, in-laws while construction is going on at home means very stressful living conditions. With modular home additions, the addition is built off-site in a factory, then shipped to your home. The modules are placed atop the foundation and attached to your home, then the interior walls are removed to join your existing home to the modular home addition. This means you live “under-construction” for just a few weeks rather than a few months.
With modular home additions adding space to your home is easier than ever because it is quicker and less disruptive to your home life. You can have a modular addition added to your home in a few weeks.
You can increase your living space without the stress of moving. You can add an addition to your home without living in disrepair and all without the disruption of major remodeling. Contact Tidewater Custom Modular Homes for more information.
Press Steadily Forward Through Winter When Building Your Custom Modular Home
Many homeowners postpone their home construction plans as the fall and winter kick in, due to weather concerns and delays. Weather absolutely comes into play with traditional construction. However, cold and wintry weather challenges are largely mitigated when choosing modular construction. With this choice in home construction, it is possible to make solid home building progress throughout the worst of winter.
With modular building systems there are no weather delays associated with the modular home’s fabrication process. This is because the modules are built indoors where the weather condition cannot affect the process or the building materials. Site work is done at the same time and can be done on choice weather delays without delaying construction. When the modules are completed, they are then delivered to the actual site. The remaining 10% of the home building process, the final assembly and finishing touches, are performed. So in just a matter of 5-6 weeks, your modular home is completed and ready for occupancy.
If you are planning to build a home this winter, choose to build a modular home. You can pursue this path to a new home during any time of year. Contact Tidewater Custom Modular Homes right away to get started with your dream home.
Downsize to a Modular Home and Put More Home Equity Into Your Retirement Savings
Modular home construction is increasingly the preferred choice for those planning to downsize. This is due to modular construction’s comparative inexpensive construction cost and overall value advantages. If you are contemplating downsizing to a smaller home, modular home construction can deliver an overall better quality home than traditional stick-built construction while simultaneously paving a road to putting more home equity dollars into your retirement savings.
So, in preparation for your transition to a new modular home, here are some things to consider and act upon to help make your move go smoothly:
Sort Your Stuff - Get rid of those things that you no longer use. Also, minimize collecting duplicate items, they will only take up your space. When designing your modular home, request for more smart storage so you can better organize your stuff.
Retain Those Keepsakes - Get rid of unnecessary things but keep those precious heirlooms, memorabilia, and other stuff that have sentimental value. Work closely with your modular builder so they can provide a spot in your new modular home where you can place these family antiques and other important stuff.
Don't Downgrade - Downsizing doesn't mean your downgrading to a less beautiful and poor quality structure. In contrast, modular homes for downsizers might be smaller than other homes but they are built in premium quality materials and superior craftsmanship. There are a vast array of beautiful home designs that can be further customized to suit your taste and style.
Space Check - Make sure to find the right amount of space that will accommodate your stuff and future guests as well at your new modular home. Take measurements and always work closely with your modular builder to perfect the dimensions of the rooms and sections of your home.
Lastly, find a modular builder you can trust when you opt for a modular home. Contact Tidewater Custom Modular Homes, we are a team of certified modular builders with competitive years of experience. We know the usual needs of those who want to downsize their home. Thus, we can help you build a perfect living space complete with all the specifics you desire.