09:43AM | 11/24/04
Member Since: 11/23/04
1 lifetime posts
I have been pre approved for a FAH loan and I have been told that it would be more in our budget to get a modular home built. I have never heard of that before. My relator said that she would get a package deal for us. I was wnating to know the queastion to ask her. In standard building a modular home do they build the foundation, connect the plumbing and electricity or do you have to pay some on else. What do they mean 90% done. What all is included. What I need is a three bedroom and two baths. Nothing really fancy. I will live in North Carolina. Can you give me any tips. I'm a fist time home buyer.



09:52AM | 11/24/04
Member Since: 06/06/03
1250 lifetime posts
Welcome Sarah,

I don't know much about modular homes, but I do have three suggestions to keep in the forefront of your mind during your home search:


Those are (in case you haven't heard) the 3 most important things in real estate. (Although one could probably have FINANCING and TIMING somewhere in the top ten.)

What this means is: you buy the NEIGHBORHOOD first, then the home. Buy into the best NEIGHBORHOOD you can afford. This may mean an existing home vs. a modular. So open your mind a little.

Some factors in location include schools, education level, traffic and noise. Needless to say, it should be safe to walk around after dark. These are LOCATION questions, not HOUSE questions. Those come later.

Good luck; keep us posted, and I hope I haven't discouraged you in any way.


-k2 in CO

Moderator, Miscellaneous Forum


12:06PM | 11/24/04
Member Since: 07/01/03
558 lifetime posts
A modular home is sometimes more economical because section of the building are constructed in a factory and trucked to the site and set on a conventional foundation. The result is usually an economically built house that can range from simple rectangular structures with low-pitch roofs, to more elaborate and conventional looking places.

First question to the realtor: What financial arrangements do you have with the modular builder or developer? Be sure your realtor represents your best interests, and remember, the seller pays the realtors in a transaction, just be sure yours is really representing you. Disclosure.

Look at existing modular homes and find out about resale value ($ per square foot). Are they cheaper than the rest of the market, or comparable. Remember you will have to deal with the same resale dynamics eventually. A modular is not necessarily of lower quality, but if they are clustered into a development, it may have lower value than conventional new homes, especially if they all look alike.

Qualifying for an FHA load does not limit what you can look at. Consider the modulars and look at models, but also look at the existing (older) homes and conventional new home market. You have lots of time to become educated in the market and the range of possibilities available to you. Make your realtor do some work so you can understand all your options.


12:17PM | 11/24/04
Member Since: 06/06/03
1250 lifetime posts
Right on, Tom,

The thought of some sort of financial relationship between the realtor and modular builder/developer had definitely occurred to me.

Not that it's necessarily a bad thing....I just think it should be disclosed. And consider realtors that don't have such a relationship.

And yes, resale DEFINITELY needs to be considered before purchase.

I'd recommend going so far as hitting a local library and looking at demographic statistics by area. Remember, LOCATION.

You won't be able to afford a "top" neighborhood in your first home. But it may be possible to step up a notch or two.


-k2 in CO

Moderator, Miscellaneous Forum


01:48PM | 12/24/04
Member Since: 11/27/04
174 lifetime posts
modular homes on a foundation ,depreciate less in value.

there are some that are capecods.

modular homes arrive and get lifted onto the foundation and the setup crew connects the water and hydro. you can have the modular builder put in the foundation and services(it's contracted out usually in some places.)

but some places do not allow modulars/mobiles. you need a lot to go with the home. renting pad space is never a good deal,like a double wide mobile that will depreciate sooner.

it will be cheaper but some maufacturers cut the cost with cheaper cabinates and particle board subfloor(yes they still use particleboard).

you have to upgrade insulation to 2 by 6 walls with r20 insulation ,.upgrade the ceiling insulation to r40.

but for the most part they are cheaper than stick built,depending on the extras you want. some have limited schemes of interiors. you can get drywall or panalboard walls(drywall with a wallpaper like covering).

and there are also some subdivisions that have smaller lots but do all your maintenance on the grounds for you,for a monthly fee.

but there are really no complaints to living in them. better than some old rundown house that you need to spend thousands more to fix up. just be aware of the floor plans being constricted to the 14 foot wide moduals..


10:55AM | 08/21/05
Member Since: 08/20/05
3 lifetime posts
Hi Sarah,

From all the research I have done on modulars they are definately a wise way to go. But I am concerned about your realtor's involvement in the buying process. It's very important to choose the right builder and the understand the materials they use to build your home. Compare SPEC sheets on various websites and before you choose anyone, look them up on I would also strongly recomend picking up a copy of The Modular Home by Andy Gianino it should answer most of your questions and many you didn't know you should have.

The way modular works is the house is built in the factory (in about a week!) and delivered to your site. Generally, you buy the house through a licenced dealer and contractor, so you may purchase the house turnkey, which means they will do everything from pouring the foundation to hooking up water and electric and any on site finish work. Good luck with your research.


Post a reply as Anonymous

Photo must be in JPG, GIF or PNG format and less than 5MB.


type the code from the image


Post_new_button or Login_button

Painting your front door a striking color is risky, but it will really grab attention. Picking the right shade (and finish... Built on a rocky island in the Drina River, near the town of Bajina Basta, Serbia, this wooden house was cobbled together ... Large steel-framed windows flood the interior of this remodeled Michigan barn with daylight. The owners hired Northworks A... Edging formed with upside-down wine bottles is a refreshing change. Cleverly and artistically involving recycled materials... A Washington State couple called on BC&J Architects to transform their 400-square-foot boathouse into a hub for family bea... Similar to the elevated utensil concept, hanging your pots and pans from a ceiling-mounted rack keeps them nearby and easy... For windows, doors, and mirrors that could use a little definition, the Naples Etched Glass Border adds a decorative flora... The thyme growing between these stepping stones adds a heady fragrance to strolls along this lush, low-maintenance garden ... Decoupage is an easy way to add any paper design to your switch plate, whether it is wallpaper, scrapbook paper, book page... Twine lanterns add pops of crafty—but sophisticated—flair to any outdoor setting. Wrap glue-soaked twine around a balloon ... When securely fastened to a tree or the ceiling of a porch, a pallet and some cushioning make the ideal place to lounge. V... Reluctant to throw away any of those unidentified keys in your junk drawer? Hang them from a few chains attached to a simp... A stripped-down model, sans screened porch, starts out at $79,000. Add the porch, a heated floor for the bath, and all the... Salvaged boards in varying widths and colors make up the dramatic accent wall in this attic space. The high-gloss white of... This garden shed has been decked out to the nines. Designer Orla Kiely created the intimate home for a flower trade show, ...
Newsletter_icon Google_plus Facebook Twitter Pinterest Youtube Rss_icon