It is easier to build up than out
More importantly, it is less expensive to build up than out. It is especially true in
modular homes that it is less expensive to build a 2500 sq. ft., 4 bedroom , 2
bathroom two-story house than a 2500 sq. ft. 4 bedroom 2 bath house all on one
level. There are many reasons for this. For one thing, the cost of the foundation
and roofing for the house is less since the total area or footprint of the house is
smaller, therefore less material is used. This fact will certainly become evident
when you start pricing different models of modular homes. For example, an 1800
square foot ranch house may cost $90 per sq. ft. to build on your land, while a 2400
sq. ft. two-story home from the same manufacturer, built to the same specifications
may only cost $75 per sq. ft. to build on your land.
One of the most popular types of plan you will find among modular home
manufacturers are plans with a “Bonus area”. Usually a bonus area refers to an
unfinished upstairs area that can be finished to add additional space to the house.
The buyer has the choice as to whether to buy the upstairs finished or unfinished.
One thing to note is that generally when you buy a home with a finished bonus area
upstairs, the upstairs finishing work is completed on site by the builder. The benefit
of this is that the buyer may be able to customize the upstairs to fit their needs. This
can be beneficial for a family that needs extra bedrooms for a growing family, or it
may allow a couple to build a large master bedroom on the second floor. Here are
some things to consider that will benefit you financially when looking at bonus plans:
If you are building a modular home to place on your land and live there through
retirement you may still opt for a simple one story plan, even though the price per
square foot will be higher. After all, if you are in a good financial position and don’t
need extra room, you may be happier with a house that will not require you to climb
up and down stairs in your later years. In many other cases however, you may
want to consider buying a home with an unfinished bonus upstairs area. For
example, if you are buying the home as an investment that you will eventually cash
in by selling you can benefit from buying a house in which the builder finishes the
upstairs.
footage at a reduced price. Since the price you receive from your investment will
be influenced by an appraisal of the property . One criteria that is very highly
weighted in the appraisal process is the price per square foot of neighboring As we
have already noted, a house with a finishing the upstairs adds extra square
properties. Therefore a home with the extra square footage you can add by getting
the upstairs completed will bring you significantly more money on the sale for a
small investment.
Another way to benefit from a modular home plan with an unfinished bonus area is
to buy the home with the upstairs unfinished and finish the upstairs yourself at a
later date. One benefit is that if you don’t have the money to buy as much house as
you’d like you can get a house with an unfinished bonus area and when you have
funds available you can finish off the upstairs without disrupting your living area
downstairs. These plans come with a future plumbing package which makes
adding a bathroom upstairs relatively easy. In addition, you will save money by
either finishing the upstairs yourself or arranging for contractors to do it as opposed
to having the builder sell you the house as a completed two-story home.
Some Things To Consider When Pricing Modular Homes
This series of tips will give you great information that will help you understand what is
involved in determining the pricing of modular homes. Jack Bowman gives you tips
from his experience as a sales professional in the modular home industry.
This series of tips will give you great information that will help you understand what is
involved in determining the pricing of modular homes. Jack Bowman gives you tips
from his experience as a sales professional in the modular home industry.
