Tips to a Better Modular Home Buying Experience

Regardless a modular home will almost never look akin to a trailer that you’d see used as a summer home in a trailer park. Modular homes find permanent residence in neighborhoods like your own. They are set on a permanent foundation and never moved after. They arrive via your land via a flatbed truck and don’t have wheels attached like a trailer does.

Before you purchase a modular home, and land for that home, please take the following facts into consideration:

Research Before you Purchase Land for your Modular Home

Be sure the land you want to purchase allows manufactured construction. Some residential neighborhoods ban modular housing based on certain zoning, deed restrictions and other land laws. Before you purchase a piece of land for your modular home, be absolutely sure that you are allowed to set your home in the particular community. However the land you purchase for your modular home must pass certain state and regional building code before you plant your modular home there.

Beware of Land Modular Home Package deals

Land home package deals are something you will soon be familiar with if you’re in the market for a modular home. They are offered by the manufacturers of modular homes, and they include the building of the home, the installation, the land and the inspection. This might seem like a stellar deal – however with convenience may come high interest rates and maintenance fees. Plus you will find yourself surrounded by other modular homes, so when it comes time to sell, the resale price of your home will always depend on other homes around it. You are likely better off to purchase a modular home and have it built on a separate plot of land – this will avoid the cookie cutter development look.

Check for Solid Foundation

Why is foundation so important? Because mortgage lenders won’t finance a modular home if it’s not on a permanent foundation. Even if you purchase the home outright, you will still need a permanent foundation if you plan to sell your home later on.

Be Updated on the Real Estate Market

In recent years, the resale value of modular homes has increased in value – especially if they are on a desirable plot of land. That’s why it’s wise to keep tabs on the real estate market before you by the home and the land. Purchase land in an area that’s high in value, and not surrounded by other homes that are low in resale value.

Remember, any home, including a modular home’s value grows over time, and if you invest in it, you will get that money back when you sell and purchase another home.

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