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.



12:06PM | 11/24/04
Member Since: 07/01/03
549 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.


01:48PM | 12/24/04
Member Since: 11/27/04
172 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.
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