Houses have been getting more and more expensive, whether one builds one from the ground up or if they opt to get a mortgage to buy an existing property. Alongside the rise of housing costs comes the rise in popularity of alternatives to traditional housing. Modular and manufactured homes have been gaining popularity among new homeowners because of their affordability, convenience, and minimalist appeal.
Both modular homes and manufactured homes have great advantages to people looking to invest in housing options. However, you may be wondering which one the better option may be. The key to finding the right choice is to consider your needs and home goals.
This blog post will help you make an informed decision if you are planning to buy a modular or manufactured home in the Newfound Lake, Winnisquam Lake, and Lake Winnipesaukee regions.
Modular and Manufactured Homes: Which Option Should I Choose?
Whether you are looking to buy a vacation home, or invest in your first house, buying either a modular home or a manufactured home may be the right real estate investment for you to make. Both of these options are far more affordable than other housing options and will be a good step in the right direction for people who want to own homes for cheaper prices.
Before you can make your decision as to which type of housing to choose, you first have to understand the advantages and disadvantages of both options.
What Is a Modular Home?
Modular homes are similar to regular site-built homes, except for the fact that they are around 80-90% built when they are put on the foundations they will stand on. They usually arrive on the premises ready to be put together and assembled by builders. One advantage of this option is that even if modular homes cost less than site-built homes that are built onsite, modular homes can be upgraded as time passes, increasing their value.
What Is a Manufactured Home?
On the other hand, manufactured homes work wonderfully if your reason for investing in a vacation home is to get away from the mundane and routinary life you have in your permanent home. In the past, manufactured homes were referred to as mobile homes or trailer homes. The difference between the old style mobile home and a new manufactured home is that they are much larger than old mobile homes and are easily customizable to fit any sense of architectural design.
Which One Is Better?
The answer to this question is to look into which type of home works best for you. Whether you are looking for your first home, or looking to build or buy a vacation home, both of these options will work for both needs. However, it is best that you consider your specific needs before making your decision.
At the end of the day, both options work really effectively for different needs. It is a good idea to sit down and consider the needs you and your family have. If you travel a lot, already have a permanent house, or just need a vacation home, investing in a manufactured trailer home will fit your needs. On the other hand, if you need more floor space and plan to settle down in one place, a modular home may be the right choice for you.
If you have decided on getting a modular home, Kill Mountain Building Co is one of New Hampshire’s premier residential home builders that can help you! We offer custom stick built and modular homes in New Hampshire. Our primary service area includes the towns surrounding the Newfound Lake, Winnisquam Lake, and Lake Winnipesaukee regions. Give us a call at 603-369-2948 today!