| Modular homes are an expensive investment and | | | | stick built buildings. Mobile homes are more difficult to |
| expenditure a large sum of money depending on how | | | | gain financing due to their depreciation. Modular |
| outsized a home you want. Homes based on modules | | | | buildings actually can be better than traditional |
| generally cost 10-35% less than traditional houses. If | | | | buildings to finance since they reduce the amount of |
| you are offered a better price than that you should | | | | construction time. The reduced construction time can |
| make sure it is a modular home and not a mobile | | | | help business. If a business takes a mortgage out to |
| home. Also you should be careful to make sure you | | | | pay for a new modular manufacturing facility, it can |
| are comparing the same type of house. Is the square | | | | be constructed before the first mortgage payment is |
| footage the same, the same amount of bathrooms, | | | | due. Thus it can lead to faster payments and less |
| etc.? The exact amount of your savings will depend | | | | interest charges incurred. Also modular home owners |
| on what type of modular home you make a decision | | | | may have an easier time since the manufacturing |
| on, where it is being created and where is it being | | | | facility is a known value to bankers and can respond |
| assembled. If someone offers you a deal that is too | | | | to any requests for plans or quality control. This |
| incredible to believe, you should look twice at it. | | | | modular is another example of confusion between |
| Modular Homes Are Much Stronger Than Traditional | | | | modular and mobile homes. Here are some links to |
| Homes: | | | | learn more about mortgage and loans. Lending Tree |
| Yes, modular type of homes are built stronger than | | | | offers modular home loans. Freddie Mac made a |
| traditional stick built homes but they also experience | | | | multi-million dollar deal for a large plot of homes that |
| a lot more initial wear and tear. Each module is | | | | were modular. |
| shipped on the back of a truck that bounces as it | | | | Modular Buildings Depreciate In Value: |
| drives along the highway. To ensure a quality home, | | | | Modular buildings appreciate and gain value the same |
| modular manufacturers will use more screws (instead | | | | way traditional buildings do. Once a modular building is |
| of nails) and also add glue to joints to increase their | | | | fully assembled, it is near impossible to tell the |
| strength. It is hard to prove that a modular type of | | | | difference between it and a stick built home, that is |
| home is still stronger after it endures its road trip. But | | | | why modular buildings appreciate in value. Mobile |
| it is easy to see that Mortgage are as strong as | | | | homes (which are moveable) do not appreciate in |
| traditional homes. | | | | value. That is probably where the confusion comes in |
| Modular Buildings Are Not Hard To Be Financed: | | | | with this. |
| Modular buildings are treated the same as traditional | | | | |