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Where to Get Money for Modular Home Construction


Modular Home Financing in MichiganModular home construction needs to be funded. But what are the resources you need to check to execute the building process of your modular home?

Basically, there are three resources for consumers who wanted to build a modular home. These resources for modular construction are the private funds, lending institution, and the general contractor or dealer loan.

Private Funds of Modular Home Buyer

If you are fortunate enough to have access to enough private funds to build your own modular home, you probably won’t be reading this page.  However, you may not know that you can use the equity in your current home to build a new home.  If you are already a homeowner, and you have enough equity in your current home, you may be able to take out a home equity loan to pay for the construction of your home.

Lending Institution for Modular Home Construction

You may borrow directly from a lending institution, which specializes in modular home construction.  Lenders provide loans, for modular home construction, that are very similar to conventional stick built home construction loans.  There are a few options for how to best deal with your personal circumstances.  You may want to get a loan to purchase the land only.  This would be useful if you are using other sources to build your home, but need money for the land.  You may just want to buy the land, and then take some time to decide on how you want to proceed with construction and/or save for construction.  If you need to finance the construction, you will need a construction loan, and then you will need a mortgage, once the modular home is complete.

General Contractor/ Modular Home Dealer Construction Loan

The general contractor or modular home dealer loan is a loan for the construction of the home.  The modular home dealer is more likely to finance the loan if he is the contractor, and especially if he owns the land on which the home will be set.  This would make it easier to take possession of the modular home should you be unable to pay for it.  Once the construction is completed, you would need to obtain a mortgage. This would be a more conventional purchase.  The lender would pay off the construction loan and issue you a mortgage, as with any other home purchase.

In case you still have question about modular homes, you may contact Legendary Homes Inc in Jackson, Michigan. A representative will be happy to assist you. Meanwhile you can check our modular home price sheets by signing up to our blog

Topic: Modular Home Financing

Regardless of which way you choose to finance your home, unless you are paying out-right for it, you will need to have enough personal funds to make a down payment and to show that you will be able to make payments.


Why Experience is Important When Hiring a Modular Home Dealer


Modular Home Dealer

Ranch Modular Home in Michigan

When hiring a modular home dealer, it is advantageous for you to hire someone with experience. One of the reasons experience is important is that when you hire a dealer, you are also harvesting the benefits of subcontractors such as plumbers, electricians, masons, etc. If a modular home dealer is experienced, he will have subcontractors that he knows to be reliable for quality work and timely performance.  The modular home dealer, saving you the headache of an unpredictable project, will have weeded out subcontractors that are unreliable.

Although it is possible to save money by doing it yourself or employing the help of family and friends, it is also easy to get in over your head and actually spend more money, and put undue stress on yourself and your family or friend helpers.  You, as the homeowner, also assume significant risk and responsibility should you decide to do it yourself.  Having an experienced modular home dealer will make the whole process much easier.  He would be your one point of contact, taking responsibility for everyone else involved in the process.  His job is to make sure you get the home you want with as little trouble as possible.

Modular Experience of a Modular Home Dealer

When it comes to the post-set wrap-up on a modular home construction project, a modular home dealer with modular experience can be a real asset to the project.  There are issues with buttoning up modular homes that are very specific to modular construction.  Modular home dealer without modular experience can put himself into trouble during this phase.  He would have to pad their estimates to cover unexpected problems and the learning process for their subcontractors.  A modular home dealer with modular construction experience could keep their budget tighter, knowing what to expect and how to deal with it efficiently.

Additionally, you should make sure that your modular home dealer is licensed and insured.  In most states, only a licensed modular home dealer or contractor can obtain building permits.  As a homeowner, you are allowed (in most states) to get your own building permit.  However, if you do get the building permit, then you assume responsibility for all the work.  You have little, if any, recourse if things go wrong.  Some states will not allow inexperienced homeowners to build modular homes without the supervision of a licensed modular home dealer and contractor.

In case you still have question about modular homes, you may contact Legendary Homes Inc in Jackson, Michigan. A representative will be happy to assist you. Meanwhile you can check our modular home price sheets by signing up to our blog

Topic: Modular Home Dealer


Go for the Top- Notch Modular Home Dealer in Michigan


SelectModular Home Dealer in Michiganing a modular home dealer is a process, but one of the most important steps in modular home construction.  A good modular home dealer can make the project much more pleasant, both during the project and for years to come.

Finding a modular home dealer that you feel you can trust and whose personality is a fit with yours is important to the overall experience.  Having a good experience during the construction process will help you enjoy living in your new home for years to come.  It will also mean that you have a modular home dealer that is more likely to respond to your needs in the future should any problems arise. Some things to consider when choosing a modular home dealer are:

Selection Process

If you don’t have a modular home dealer, or a great recommendation for one, start your search by selecting a handful of modular home dealers with modular experience and making initial contact.  You can contact our modular home dealer. You may want to send an email introducing yourself and giving a brief description of what you are planning to build.  Get as much information about them and their company as you can.

Narrow the search for the Modular Home Dealer

Based your interactions with them, eliminate builders that you feel are just not right for you at all.  Some things to look for in a modular home dealer are: enthusiasm, confidence, communication, and their availability to you. Make phone calls to dealers you are interested in and ask questions. You should also ask for references and actually follow up on those.  Many homebuyers skip this step.  It is important that you check references.  Almost anyone can sound good through email or over the phone.

Compare Prices of Each Modular Home Dealer

Once you have narrowed your search to modular home dealers you feel you could work with, set up a meeting to discuss your project in more detail, and ask for preliminary estimates from two or three of them.  Take your time to compare the prices and what they include, not just the numbers.  If one bid is way below the others, there is usually a reason why.  The cheapest bid does not equal the best bid.  Comparing prices is only part of the picture.  Use this as an opportunity to evaluate how well the contractor has communicated the scope of work to be done.  Between the written proposal, a face-to-face meeting, and references, you should be able to make an informed decision.  Look at the whole picture and decide which modular home dealer is right for you and will make the process of building your new home a good experience.

In case you still have question about modular homes, you may contact Legendary Homes Inc in Jackson, Michigan. A representative will be happy to assist you. Meanwhile you can check our modular home price sheets by signing up to our blog

Topic: Modular Home Dealer


Working with a Modular Home Dealer of Jackson, Michigan


Your modular home dealer will be the point person on your project.  You will be working closely with them on a regular basis, and relying on them to protect your interests.  Although building a modular home is much quicker than constructing a stick built home, it will still take 2-4 months (this will vary depending on the site, complexity of design, and site built add-ons).  In addition to this time, there is also the planning phase before the job starts, and the ongoing relationship should there be any issues to correct or any work you would like to add in the future.  It is important that you have a modular home dealer you enjoy working with.

Communication and Contracts with Modular Home Dealer

Clear communication and the ability to negotiate are important qualities for both you and your modular home dealer to share.  Paperwork is an effective tool to help facilitate this.  Contracts, work schedules, payment schedules, and change order agreements all serve to keep everyone in clear communication and accountable to their agreements.  Though some people prefer to work on a handshake, it is to everyone’s advantage to have things in writing.  That way there will be less misunderstandings and hard feelings.

Personal Investment

It may sound funny to talk about relationships and feelings when talking about modular home dealer and homebuyer, but if you have been in the shoes of either of those people, you understand.  When someone is buying/building his or her first home, there is a lot attached to it.  It is an integral part of a person’s life dreams- career, family, and home ownership.  It is a very personal investment and can become emotional.  Both the modular home dealer and the homebuyer need to be aware of how significant this process can be, and how to maintain open communication and a balanced perspective.

Homebuyer’s Responsibility

It is also important for the homebuyer to remember that this is a two-way street, and they need to hold up their end of the agreement too.  Just as the modular home dealer is expected to deliver work in a timely manner, the homebuyer is expected to deliver payment in a timely manner.

Independent Business People

Modular home dealers are independent business people, and NOT employees or agents of the modular manufacturing company.  When you contract with the builder, you are contracting with the local builder only.    The modular home dealer, in turn, contracts to buy the modules for your home from the modular manufacturing company.  No contractual relationship is created between you and the modular manufacturer.  You can think of the modular home company as a type of “subcontractor” to the modular home dealer.  It is important to understand with whom each party has a contractual agreement, and who is responsible to whom- for what.

In case you still have question about modular homes, you may contact Legendary Homes Inc in Jackson, Michigan. A representative will be happy to assist you. Meanwhile you can check our modular home price sheets by signing up to our blog

Topic: Modular Home Dealer


Legendary Homes Inc. is your Modular Home Dealer in Michigan


Modular Home DealerLegendary Homes Inc. is Michigan’s premiere modular home dealer. For over 20 years we have helped families acquire quality and affordable modular homes in Michigan. It is our commitment as a modular home dealer to put you, the customer first, and to help you find the perfect home for your living needs including capes, ranches and two storey modular home, as well as single wide and sectional modular homes built by several quality manufacturers.

Our Goal as Your Modular Home Dealer

As your modular home dealer our goal is your satisfaction. Our reputation for quality and service after the sale is confirmed by the thousands of customers to whom we have provided housing for over 20 years. We will help you purchase the home of your dreams as well as provide utmost service to you.

Legendary Homes Inc. is offering modular homes, single and double wide homes. We also construct used homes with many available options such as in ranches, two story, single wide and multi- section modular homes. Hundreds of floor plans and options available to meet even the most discreet shopper in our company.

It always has been, and always will, be our mission as the premier modular home dealer to provide caring customer service and quality products as your modular home dealer that are backed up by highly skilled craftsmen who pay attention to every detail.

Known to many as the top modular home dealer, we also offer construction services such as modular additions, garages, and remodeling. If you need a company to assist you in your next upcoming project, why not work with a company that cares about your next project with passion to exceed your requirements.

As with all modular homes, there are many options and floor plans to choose from, but at Legendary Homes we understand the importance of a home accommodating your living needs and have the experience and expertise to custom design a floor plan that will suit you and your families living needs perfectly! We also offer turnkey packages in Jackson, Michigan.

In case you still have question about modular homes, you may contact Legendary Homes Inc in Jackson, Michigan. A representative will be happy to assist you. Meanwhile you can check our modular home price sheets by signing up to our blog

Topic: Modular Home Dealer

Winter Hours


We are currently on Winter Hours and only Open By Appointment



Please call Todd at 517-206-2435 to schedule an appointment

Reviews


Todd was full of information and it was great to see a CLEAN home! My husband is glad to hear that u can sub co tract everything out so there is no worry on our end if we choose to go that way. I really enjoyed seeing the pictures of the different styles of homes you have built.

Apr 30, 2013
Jennifer Plank

We first met Todd Rutledge from Legendary Homes of Jackson MI online while we were searching for a new home. After our first conversation with him, we felt that he was honest and trustworthy. These feelings were confirmed by another of his clients who let us see her home and told us of her experiences working with Todd. Todd arranged a visit to the Redman Homes factory for us so we could see for ourselves how they are made and their quality. Todd helped us thru the process of selecting what we wanted in our home. He made himself available to answer our questions thru out this building process. If he didn't know all the answers, he found out and got back with us promptly. We now are the Happy owners of our Redman home and are very thankful to Todd Rutledge of Legendary Homes for his help. Sincerely, Burt and Mary Hooker 5/16/13

May 18, 2013
Burt Hooker

Answered all our questions about modular homes and the building process and had good knowledge, politeness and overall Excellent Representative. Good Job!

May 25, 2013
Richard Walter

Winter Hours


We are currently on Winter Hours and only Open By Appointment



Please call Todd at 517-206-2435 to schedule an appointment

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