Buying a home nowadays is becoming more and more difficult. Estate prices make it almost close to impossible for a common person to buy their dream home. However, people are now shifting towards modular homes these days because modular home prices are more or less acceptable as they are made as per the buyer’s demands. So, do you want to know how much does a modular home cost? Let’s begin and find it out.
1. What is a Modular Home?
A home that is completely prepared in a factory, either whole or in parts, and then these parts are transported over to the construction sites and assembled there, it is known as a modular home. The parts of the house are known as modules and another name for a modular home is a prefabricated home. (See 16 Best Luxury Manufactured Homes)
2. What are the Base and Finished House Pricing?
In terms of modular homes, if you are interested to know how much does a modular home cost, note that there are various steps involved in the installation process. The base and the finished are two stages in which the costs are divided.
- The base includes the charges of delivering the modules to the construction site along with the crane and crew charges.
- Finished includes the processes like preparing the land, laying the foundation, installation, buttoning up, utility construction, along with some other preparation things. All these charges get added up with the base charge and the final amount calculated after that is the cost of the house that you will be paying. (See What is the Manufactured Home Installation Cost?)
3. What are the Key Factors that determine Modular Home Prices?
Primarily the price of the modular home is different in each state of the United States. So, the state you belong to, the size of the house, and the model or type of home you select, are going to determine the cost of your modular home. Also, check out the 3 Types of Native American Shelters.
4. What is the Cost of Small Modular Homes?
The size of a small modular home ranges from 200 to 800 square feet. The base unit of small houses will cost you from $20,000 to $80,000 roughly. While after the installation and other features it will cost around $30,000 to $130,000. (See What does k stand for in Money?)
5. How much does a Modular Home Cost?
The price of a modular house can be a maximum of $100 per square foot. This price range applies to the base models excluding price assembling, customization, and on-site finishing work. And the final turnover for the house after including all these charges may range from $120,000 to 240,000. Also, check out the 23 best modular homes.
6. What is the per square foot price range of a Modular Home?
The base of the modular home can cost you from $50 to $100 per square foot. But along with installation and fishing things up you have to pay $80 to $160 per square foot. If you are planning to add some customized designs, floor plans, or any other finishing touches then you can be roughly charged $10 to $150 per square foot. Must read about the Outhouse Design.
7. How much does a Customized Modular Home cost?
Without the installation and other services your customized house will cost you from $100 to $250 per square foot. With including all the charges of site work, assembling, and final set up you will have to pay around $200,000 to $500,000. (See How do Toll Roads Work?)
8. What are the Price ranges for various sizes of Customized Modular Homes?
How much does a modular home cost if it is customized? Your modular home builder will plan the budgets according to your customization but on average the rough cost per square foot of the property will be as follows.
- 1 square foot: base model ($100-$250) and finished cost ($130-$310).
- 1000 square feet: base model ($100,000-$250,000) and finished cost ($130,000-$310,000).
- 1500 square feet: base model ($150,000-$375,000) and finished cost ($195,000-$465,000).
- 2000 square feet: base model ($200,000-$500,000) and finished cost ($260,000-$260,000).
- 2500 square feet: base model ($250,000 – $625,000) and finished model ($325,000 – $775,000). (See How much is 6 Million Pennies?)
9. What are the Different Home prices as per Bedroom plans?
A 1-storey modular home can have 1-4 bedrooms depending upon its size and so does a double Storey house. Take a look at the list mentioned here for different modular home prices and plans as per the bedroom.
- 2 bedroom 1 bathroom (800-1400 square feet): Base unit $40,000 – $140,000 and Final cost $65,000 – $225,000.
- 2 bedrooms 2 bathrooms (1000-1500 square feet): Base unit $50,000 – $150,000 and Final cost $80,000 – $240,000.
- 3 bedrooms 3 bathrooms (1200-1800 square feet): Base unit $60,000 – $180,000 and Final cost $95,000 – $290,000.
- 3 bedrooms 3 bathrooms (1400-2500 square feet): Base unit $70,000 – $240,000 and Final cost $115,000 – $365,000.
- 4 bedrooms 2 bathrooms (1600-2600 square feet): Base unit $80,000 – $250,000 and Final cost $130,000 – $380,000.
- 4 bedrooms 3 bathrooms (1700-3000 square feet): Base unit $85,000 – $270,000 and Final cost $135,000 – $430,000.
- 5 bedrooms 3 bathrooms (2000-3200 square feet): Base unit $100,000 – $290,000 and Final cost $160,000 – $460,000. (See How much does a Million Dollars weigh in 20 Dollar Bills?)
10. What could be the price of a 2-Storey Modular Home?
Still, wondering how much does a modular home cost? Double the size doubles the price because a 2-story house is built on a 1500 to 2000 square feet area. So, the base models will cost around $70,000 to $140,000 while the finished houses will land between $105,000 and $210,000. Also, check out the 20 Best Mobile Home Manufacturers in US.
11. What is the cost of a Modular Duplex?
On average a duplex is built on 2000 square feet of area and the construction charges are from $100 to $200 per square foot, but the prices may be different depending upon the price of the construction site and other amenities. However, a finished duplex will cost you around $200,000 to $350,000.
I hope you got answers to how much does a modular home cost? So, now you can share this info about modular home prices with your friends who is ready to start a family and need a home. (Also read How much is a Meteorite Worth per pound?)