{"id":2987,"date":"2015-01-12T15:00:20","date_gmt":"2015-01-12T19:00:20","guid":{"rendered":"http:\/\/legendaryhomesinc.com\/blog\/?p=2987"},"modified":"2015-01-12T14:17:17","modified_gmt":"2015-01-12T18:17:17","slug":"tips-purchasing-modular-home-clarklake-michigan","status":"publish","type":"post","link":"https:\/\/legendaryhomesinc.com\/blog\/tips-purchasing-modular-home-clarklake-michigan.html","title":{"rendered":"Tips on Purchasing a Modular Home in Clarklake, Michigan"},"content":{"rendered":"

\"Modular<\/a>Modular home designs range from the bare basics to top-of-the-line luxury\u00a0so you can easily find a home that meets your needs and price range. With the right research and knowledge, you can find the best home at the best price, and walk away from the experience with a smile.<\/p>\n

Purchasing a modular home in Clarklake, MI is a fairly simple, and somewhat similar, to buying a stick-built home. One major difference is the fact that you will be going to a dealership instead of a real estate agent.<\/p>\n

Budget<\/h3>\n

There are a\u00a0few preparations you’ll need to do before visiting\u00a0the first dealership and that’s\u00a0calculating how much home you can afford. Financial experts advise\u00a0that a modular home<\/a> should never cost more than 25-28% of your total monthly income\u00a0after taxes. You will need to add insurance, taxes, and maintenance costs into that figure.<\/p>\n

Features of Modular Home\u00a0<\/a><\/h3>\n

While looking at modular home\u00a0<\/a>s\u00a0you will find many options and styles<\/a> available, know the features\u00a0you consider most important. Do you need three bedrooms or can you\u00a0go with two? Will you need the\u00a0gourmet kitchen upgrade?<\/p>\n

Knowing the features that are most important to you will help you avoid emotional attachment\u00a0which often\u00a0leads to modular home\u00a0<\/a>buyers remorse.\u00a0The modular home\u00a0<\/a> you ultimately choose should meet most of the features you listed before you visited the first home.<\/p>\n

Sales\u00a0Negotiations<\/h3>\n

Don’t be scared to negotiate\u00a0the price of a modular home<\/strong>.\u00a0Modular home dealerships\u00a0markup the price of each home an average of\u00a018-26%. Dealers also utilize hold backs, just like automobile dealerships. This means there is a profit built into the invoice price of the home. Even if you buy a home at invoice\u00a0dealers will still make a profit based on the hold back.<\/p>\n

Some dealers will speak in terms of monthly payment amounts, as opposed to the total price. Don’t\u00a0let them talk you into naming\u00a0a monthly payment that you would pay. You want to negotiate on the total price of the modular home\u00a0<\/a>, not the monthly costs.<\/p>\n

Insurance, Taxes, and Extended Warranties<\/h3>\n

Some dealerships will offer to\u00a0have\u00a0insurance, taxes, and even extended warranties attached to the price\u00a0of the modular home<\/strong><\/em><\/a>. Don’t do it!\u00a0You will end up paying interest on the additional items which could more than double the cost. Extended warranties should be handled with caution; Some of them simply aren’t worth the price.<\/p>\n

Installation of Modular Home\u00a0<\/a><\/h3>\n

Once you have chosen the modular home\u00a0<\/a>, you will need to decide on the transporters, installers, and finishing carpenters. Dealerships will often have one company they use but you should research those companies just as you would any contractor. The majority of manufactured\u00a0home issues are caused by faulty transportation and installation so you want the best people doing the work. If the modular home\u00a0<\/a>dealer insists that you use only one company, be weary.<\/p>\n

In case you still have question about modular homes, you may contact\u00a0Legendary Homes Inc<\/a>\u00a0in Jackson, Michigan. A representative will be happy to assist you. Meanwhile you can check our\u00a0modular home price sheets<\/a>\u00a0by signing up to our\u00a0blog<\/a><\/p>\n

\u00a0Topic: Modular Home Financing<\/h2>\n