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...
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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...
Read MoreTo 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...
Read MoreSolar Decathlon house built in Norfolk: wavy.com 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...
Read MoreWhat is the buying process for a modular home? You choose your home and options A contract is signed contingent on financing and a small deposit Plan revisions are made and new engineered floor plans are drawn You close on your Construction-Permanent loan Your basement or crawl space foundation is built We release your home...
Read MoreA new construction home loan is not the same as a typical home loan. New construction loans have different requirements and a different set of rules. However, the new construction loans are used for both new construction stick built and new modular construction homes. After learning about these types of loans you will find it...
Read MoreWe 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....
Read MoreMany 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...
Read MoreModular homes offer a vast range of pre-designed homes, as well as custom designed homes with many benefits, to fit any family’s needs. Each home can be further customized to specifically address the individual home-buyer's desires. Spring is here and this usually brings with it an increase in home sales. Many people around Virginia are...
Read MoreHaving a modular home built is one the most cost effective ways to build a new home. The floor plans are easy to view, and there are many options to choose from when it comes to picking the perfect floor plan. Whether you need a floor plan for a ranch, a vacation style home, or...
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