Custom Modular Homes
Custom modular homes also are able to cut costs on raw materials, as supply companies are willing to supply commodities in bulk at a lower price. Modular Housing is a cost-efficient and quality controlled environment. They are constructed in about half the time of the average stick-built house, which means lower loan costs. Faster construction process allows developers a faster return on their investment. Also, the interest rates are the same for a modular home as compared to a traditional home.
Market trends reveal that modular homes cost 15% to 30% less than traditional houses. Most of the cost savings comes from lower labor costs and materials. Also, despite common misconceptions, there are now many financial institutions ready to give loans for mobile homes.