Even though we build custom homes in Toronto, we get a lot of questions about other types of homes out there. One that has been talked about lately is modular homes. Modular homes are built indoors in a factory, rather than on-site. The nearly finished home is then transported to the plot of land. Modular homes are also known as factory-built, system-built, or prefab homes.
While they’re not as great as custom homes in our opinion, modular homes are an important option for people to consider. Here is everything you need to know about them.
They’re Built Faster Than On-Site Homes
Due to the fact that modular homes are made indoors, they’re typically completed in a few weeks as opposed to the typical on-site home timeline, which can stretch into months. Weather is a big cause for on-site delays, and this isn’t an issue in modular home construction.
They’re Not All The Same
People tend to think that all prefab homes are carbon copies of each other. Modular homes can be customized, just like an on-site custom home. Each company has their own rules about what is allowed. Quality can also differ from each company, which is why it’s important to do research before going through with it.
They’re Financially Smart
People tend to think that modular homes won’t be worth as much as on-site homes. The truth is that modular homes are appraised the same as on-site build. Unlike manufactured homes, which are closer to mobile homes, modular homes are permanent structures that have value.
Modular homes are also cheaper to build on average compared to on-site homes. Due to them being built in a factory, they’re built quicker which means lower labor costs. Certain costs may not be included in the initial price. Things like electrical, plumbing, ductwork, septic systems, basements, or additional design features may be added-on costs. Just make sure you get this clarified by the company.
In Toronto, homeowners usually have to pay more for green or eco-friendly homes like we build. Modular homes are built to be energy efficient, lowering monthly utility bills. They also waste less material because they are factory-built, and any excess material is utilized for other projects or in other ways. So if you’re looking for an eco-friendly home, but don’t have the money for a custom built one, this may be something of interest to you.
There Are Limitations
As great as modular homes may be sounding at this point with its shorter timeline and lower cost, there are some limitations. Some neighborhoods prohibit prefab homes, and in bigger cities, these homes may not be able to make it to the location. Land also has to be purchased separately, which can be costly for some areas. The building company typically also has to be paid in full before the project begins, which can be an issue for some families financially.
Like any home style, there are pros and cons to modular homes. While they have a shorter timeline and a smaller price tag, they’re not an option for every area. Can you imagine trying to drive a whole house through downtown Toronto? They are an option that should be considered though. If you want to learn more or want to get started building your dream custom home feel free to contact us.