Buying Mobile Homes vs. Modular Homes: Which is Better?

Because of the demands brought by socio- economic consequences, mobile homes and modular homes are clearly popular. These kinds of houses are most liked by people who have minimum or average monthly salary or those who salary is not enough to build a traditional home. Both types of houses have gone far to be cost friendly and fashionably modern. When buying a modern home, many owners are torn between mobile homes and modular homes because both type of homes price savvy, energy efficient and innovatively designed. So here are the tips to help you decide which type of home is worthy to be bought.

Cost of Mobile Homes vs. Modular Homes

Both mobile homes and modular homes lower compared to the traditional home. Their price quotes are often base prices, which generally does not include the cost for site preparation, foundation, and other utilities for your home. Interestingly, mobile homes have a much lesser price compared to modular homes because of its simpler and limited design. Always remember that the price of your desired home depends greatly in different factors such it’s size, type and location. You just have to discuss with your general contractor about the home you wish to have to determine the exact cost you’ll be paying.

Financing of Mobile Homes vs. Modular Homes

Financing a mobile home or a modular home can be overwhelming especially when you don’t own the land. In that case there are banks which can help you. For the mobile home, you will find a loan with a higher interest rate if you’re planning to have it on a leased land. And for the modular home you will be undergoing almost the same process. Financing a modular home starts with a construction loan and once it is completed, it will be converted to a mortgage loan.

Construction of Mobile Homes vs. Modular Homes

Mobile homes and modular homes are both made in an indoor and controlled site. They only differ in the rules and regulations they follow in order to build them. Mobile homes are constructed according to the US Department of Housing and Urban Development code, which sets standards for how well the home will perform. On the other hand, modular homes are built following the building codes set by each state or locality. These codes evaluate and monitor what materials are used in modular homes, and they have equal effects on the quality of a home.

When going for an educated decision in buying a home, these key points guide you on what type of modern home to buy. Whether it’s a mobile home or a modular, you need to remember that your home should give you the feel of a home once it was completed.

To further know about mobile homes and modular homes, you can consult Todd Rutledge of Legendary Homes, Inc. He has 20 years experience in building modular homes in Michigan and other areas around it. Take a look at the modular homes he had built in this link: https://legendaryhomesinc.com/blog/homes-we-have-built

“With its superior quality, energy efficiency, strong and budget friendly modular homes, Legendary Homes is one of the trusted modular home builders around Clarklake and Jackson Michigan for over 20 years of experience now. Legendary Homes helps in site location, acquisition of permits, excavation, foundation (including Insulated Pre-Cast Foundations), landscaping, breeze ways and other services needed to complete your home. As a company that prioritizes its customers, Legendary Homes allows you to customize your home. And most importantly, we assist in home financing by working with the top lenders in Michigan.”

It’s amazing news to start building your dream home, right?  “We make your dreams a reality!”