Do Modular Homes Retain Their Value?

A modular home costs less than traditional homes but they may also hold value longer. Several factors work in concert to help keep values higher than traditional homes while the initial costs are lower. Modular homes are unique and hot in the current market for this reason. Find out what it is about modular homes that retain their value and how to take advantage of this in the home search.

Less Cost Equals Better Value

Several factors contribute to how cost-effective it is to build a modular home. There are different things to look for in modular homes, and builders, but some key elements may include:

  • Less construction material needed due to it being built in a factory
  • Faster building times
  • Fewer delays
  • Energy efficiency

A well-built home is going to be more energy-efficient and cost less in the long run, which builds value for homeowners. This is a good thing when trying to sell on the market and find the home has held steady while other homes in the area may have lost value due to market fluctuations and shifts in the economy.

Go Mod

While it may seem good to have an energy-efficient home and lower cost initially, there are many misconceptions around all the benefits of going mod. Here are some things to think about:

  • Modular home customization: no two homes are going to look exactly alike. Homeowners who customize floor plans can stand out against other homes in the market. There is always room to do other things to change it up in a modular home if people want to create a unique space
  • Quality control: a home is a large investment. Design the home the way you want. They have to meet building codes but also they have to meet regulations at the factor. A regularly built home will need more repairs than a modular home, making it more appealing and cost-effective for buyers
  • High-quality materials are being used to create homes that cost  less upfront and hold value over time

The benefits of a modular home are unique to this specific type of build. Choosing a home is a huge financial decision. An experienced builder can help people look at all the benefits and costs of building a home, as well as value over time. The best guide is to speak with a professional builder who can outline all the details and help potential homeowners make the right decision for themselves and their families.

 

Green Valley Homes offers a large selection of Modular homes, multi-sectional homes, and pre-owned homes. We spend a lot of time with potential homeowners to find out what they want and create the home of their dreams. We love to customize your space to meet your requirements. Call us if you are ready to get started today: (740) 385-2434

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