Modular homes represent almost 8% of all new U.S. home sales, with nearly 43,000 of them built in 2004 alone. In the Northeast today, 10% of the houses constructed are modular. It is primarily the states of North Carolina, Michigan and New York that make up the most popular locations for modular construction.
Modular homes are manufactured in several sections at a factory. The factory environment allows protection against harsh weather and vandalism during construction. The quickness of the process also significantly decreases building costs. Even though these homes are factory built, it is possible to have these homes customized.
Typically, modular homes are bought through a modular builder. After the floor plans and options have been approved, a state-approved third party reviews the plans to guarantee they meet the code for the state where they will be built. Moreover, a third party inspection agency licensed by the state conducts inspections at the plant while the home is being manufactured and assembled. In the interim, a local builder lays the home's foundation.
Once manufactured, the home's sections are shipped to the site on flatbed trucks, and lifted onto the foundation by crane. Construction can take as little as a day. Final completion may require another few weeks. The overall process, from the first order to move in, normally lasts about 90 days, compared to site-built homes, which may need from six months to a year.
Its estimated a homeowner can save up to 25% on their house by going modular. That is a sizeable saving in our economy.
Dan Lewis is a mortgage broker with http://www.gwhomeloans.com - San Diego mortgage brokers providing home loans and refinances. Visit http://gwhomeloans.com/services.html to learn more about options for San Diego mortgages.
Affordable Housing Programs In
The condos in Northern Virginia are the answer to many people's woes. This area has a sky-rocketing apartment rental rates while the cost of purchasing a condo is equally the same or lesser than a leased one. Furthermore, the buyer is awarded equity in what is a strategic location so that resale afterward is most plausible plus the possibility of gaining a profit. In addition to that, there's an added tax advantage to the condo purchase which makes it even more appealing.
Contacting northern Virginia real estate brokers is easy by telephone or online. This area is beautiful as well as being convenient to government offices and their illustrated ads point this out. A realtor can also answer questions about taxes, schools, commuting times and even weather. It is possible to buy other ways, but a real estate broker is the best choice for most people.
Alexandria VA real estate offers many condos at what for the area are modest prices. Property for sale under $250,000 is rare, but most of that will be for condos. Don't forget when figuring the expenses of buying a condo that you will be paying a monthly maintenance fee which can be substantial.
Busy people are often pleased that Northern Virginia condos offer freedom from lawn mowing, maintenance, landscape chores or pool care. These basic chores are all included in monthly fees. However, the time saved is priceless. Larger repairs (roof repair, plumbing, electrical wiring) may be included in a large repair fund that's kept by the condo association. However, read your contract carefully to see what you will be responsible for.
If there are potential liability hazards like a pool, you should check with your insurance agent to make sure that your homeowner's insurance would cover you in case you were to be named in a lawsuit. You may also want to make a comparison of similar units and the rents that they are going for to make sure that you are getting a good deal. Northern Virginia condos are likely to be a better solution since a house may be too costly, and a rental builds no equity for you.
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