Modular Home Prices

average price of a modular home in Texas?

Modular Home Questions August 11th, 2009

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One Response to “average price of a modular home in Texas?”

1. modular Says:
   August 11th, 2009 at 6:07 pm

   A modular home in Texas cost about $10,000 more than the same style in a manufactured home. All the upgrade features you will choose will cost the same in a modular, as in a manufactured home. Manufactured homes, even built to wind zone 2 standards, still contain 2 x 3’s in the interior structure. Modulars do not. Please consider upgrading to 2×6 walls. When I was pricing different features for a manufactured home, they wouldn’t tell me if a plywood floor was better or worse than an OSB floor. The same with the exterior siding – your choices are hardiboard (cement) or OSB siding. However, when I started pricing modulars, which are built to the same code as a site built, using the IRC, automatically they cannot use an OSB floor, but only plywood. Also, hardiboard siding was encouraged because at that point, they said it would hold up better in the long run. Manufactured homes are built to the HUD code, which is not as strict as the IRC, so they can use different materials to accomplish the same thing, like an OSB floor. But an OSB floor would not meet the durability requirements of the IRC code. It is worth the money to get a modular, if you can. Like I said, it will be $10,000 more than the same type model and features as a manufactured home. I looked at 3 different providers. For a home just under 2000 sq. feet, I think you are looking at $95,000 with decent upgrades in a modular. However, you will have to factor in the cost of a permanent foundation, something required with a modular. That can run an extra $6,000 to $10,000 as well. Keep in mind most financial institutions consider a modular home the same as a site built, so you will qualify for conventional home loan mortgages. Manufactured homes do not. Most financial institutions also consider a modular home to qualify for home equity loans, manufactured homes do not. Go Modular if you can. IN all my research, I found a chart that rated the modular home providers in quality. Oak Creek Homes was #1, Followed by Palm Harbor, followed by Patriot. Hope this is helpful. I wish I had this type of guidance when I first started researching. Whatever you do, the home centers like to keep the cost of the home separate from installation costs, like a permanent foundation. So, even if you find a plan in a modular that you like, do not sign a purchase agreement until you get an estimate, in writing, not verbal, about the actual installation costs of a permanent foundation with utilities hooked up. They will have to come do a site evaluation to do this. If they refuse to come out and do a site evaluation without money down, don’t put down more than $500 and have it in writing, on the purchase agreement that the $500 is fully refundable, in full, if the final price of improvements is more than what you want to spend. The key is more than what you want to spend, not what they will qualify you for. If you go with their in-house financing, of course they will qualify you for improvements. You want to stay in control of the final amount spent. I won’t wish you good luck, I wish you good decisions. Don’t leave your destiny up to luck. I’m glad you are doing some research and making informed decisions.

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