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Modular Home Cost


How Much Does a Modular Home Cost?

 
average costStart Around: $50,000-$60,000high costHigh: Can Go $500,000-$1Million +
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Modular homes are built in a factory (often on an assembly line) usually in large, three-sided sections with windows, doors, cabinets, electrical and other features in place. The sections are trucked to the home site, lifted by crane onto a pre-built foundation and fastened together.

Although some modest modular homes are similar in appearance to double-wide mobile homes (manufactured houses), upscale modular homes can be customized in almost any architectural style and can be two or more stories high. Once built there's no easily visible difference between high quality modular and more traditional homes constructed on-site .

Typical costs:

  • It's estimated that modular construction costs 5-25 percent less than traditional homes built on-site, although some companies claim savings of up to 50 percent. Prices start around $50,000-$60,000 for an 800-900-square-foot home (1 or 2 bedrooms, 1 bath) but can go as high as $500,000-$1 million for large, customized, high-quality homes. And that's without the land, foundation or other site work.
  • A rough estimate for a 1,600-square-foot home [1] ($89,000 base price) with modular garage ($20,000) plus permits, utility connections, site prep, foundation, engineering and survey work is $167,500 total cost.
  • An upscale 3,200-square-foot modular home[2] delivered in eight pieces in Maryland had a base price of $300,000 but the extras, including a basement, septic fields, porches, a driveway, permits and other charges, bumped the total to about $560,000.
Related articles: Mobile Home, Building a Custom Home, Homeowner's Insurance, Refinancing a Mortgage

What should be included:
  • No matter where the factory is located, modular homes are designed and built to meet state and local building codes at the home construction site. Modular sections are generally quite sturdy, because they're built to travel to the home site, and are usually fairly air-tight and energy efficient.
  • One advantage of modular construction is that the process is much faster than with more conventional onsite home-building methods. Building the modules in the factory can take two weeks to three months; assembling them on the foundation can take several hours or several days. However, inspections and on-site work can add another 30-90 days to the construction process.
  • The Modular Building Systems Association provides a brief guide to residential modular construction[3] and a modular homeowner in the St. Louis, Missouri area shares his experiences and expenses[4] .
Additional costs:
  • Landscaping your new modular home is an additional cost to be factored into your budget.
Shopping for a modular home:
  • Decide what size and style home interests you. Check out local manufacturers -- the farther the modular sections have to travel to reach your home site, the higher the transportation costs. Request and check references.
  • The Modular Building Systems Association (MBSA) provides tips for selecting a modular home dealer[5] , financing details[6] , links to modular home manufacturers by state[7] .
  • When hiring a general contractor, check to be sure the company is properly insured and bonded, and licensed in your state[8] . For the manufacturer, dealer and any contractors you hire, check if they have any complaints with the Better Business Bureau[9] .
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What People Are Paying - Recent Comments
How much is my clsyton home worth
Amount: $1,700.00
Posted by: [email protected] in Millville, OH.Posted: March 10th, 2016 12:03AM
Size: 16x80Manufacturer: Clayton
2004 Clayton mobile home
16x80.3 bedroom,2 bath,8 rooms. Living room,dinning room, laundry room,master bedroom, master bathroom,go down hallway to first room on left bedroom, next room on left is full bath then straight ahead big bedroom with bay windows and they are 3 separate windows.Big closest in that room,the other room has closet decent size one window in that room.No Windows in bathroom between the two rooms.Has 2 Windows in living room with ceiling fan, dinning room has one window above sink,then the other on the other side of room.Back door is by the laundry room have 2 sets of steps out at the back door with rails.Has big window in master bedroom, one window in materials bath (but has the dog glass on it). Has ice cold central air, hot heat, New microwave, stove,fridge,dish washer,washer and dryer all stay with it. My number is 513-371-9228 my name is Chris clean and clear title. I also just put new electric at pole and a New meteter,New concert padio 10x30 concert steps
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price on manfucture home
Amount: $56,000.00
Posted by: mike Dougherty in Dubuque, IA.Posted: June 15th, 2015 12:06PM
Size: 16x80Manufacturer: champion
I was wondering if I pay to much for my home.
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Jacked the price
Amount: $0.00
Posted by: Joe Donahue in Caroline, VA.Posted: October 8th, 2014 04:10PM
Size: 1203Manufacturer: Clayton
DO NOT TELL HOW MUCH YOU QUALIFIED FOR!!!
Found what I WANT. Discussed Approx Cost Before Pre-Qual. Added 10K to the discussed amount. After the Pre-Qual the guy Jacked the Price to the MAX!!!
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External Resources:
  1.  www.mortgagenewsdaily.com/10212005_Panelized_Modulars.asp
  2.  ww2.gazette.net/stories/032608/gaitnew213120_32367.shtml
  3.  www.modularhousing.com/downloads/GuidetoResidential.pdf
  4.  www.modularhomechoice.com/Modular%20Home%20Financing.htm
  5.  www.modularhomebook.com/book/chapter02.html
  6.  www.modularhomebook.com/book/chapter09.html
  7.  www.modularhomebook.com/manufacturers.html
  8.  www.contractors-license.org/
  9.  search.bbb.org/
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