Modular Home Prices: Edmonton & Surrounding Areas
The term “modular home” elicits a host of varied reactions depending on whom you talk to. Truth be told, modern modular homes are nothing like they were even 20 years ago! Today they are the paragon of quality, style, efficiency and cost effectiveness.
So why this lingering misconception that modular homes are a poor investment, when in fact the opposite is true?
Let’s take a look:
- A long history. The idea of preparing a house off-site, then shipping it to be erected elsewhere began as early as the late 19th century with log homes. From 1910 to 1940, Sears and Roebuck offered 44 different styles of homes in their catalogue and shipped over half a million of them. During the baby-boom after WW II, cheap prefab houses sold like hotcakes. And perhaps this is where the notion of modular homes being low-quality ticky-tacky little boxes has its origins. The truth is far different today.
- The truth about modular home investment. Recent housing cost studies all tell the same story; the two most important determining factors whether a house depreciates or appreciates are location and condition. This holds true for both on-site-built homes and modular homes. Both will retain their value or appreciate if they are located in a desirable location and if they are well maintained. It’s that simple. There is no mysterious invisible force driving down the price of modular homes compared to on-site-built ones. In fact, quite the opposite.
- Modular homes are less expensive and built faster than on-site-built homes, and resale value is comparable. It’s true! Modular homes are 10 – 20% cheaper to build than stick homes and take less time to build—one to four months on average. And if you were to resell those two comparable houses, those savings would go straight into your pocket!
- What does the future hold for modular home value? After Hurricane Andrew, FEMA singled out modular homes for their ability to stand up to extreme weather when normal stick homes crumbled. Why is this so? The module-to-module combination of the units provides rigidity unfound in conventional stick construction. Plus modular homes are built in a controlled environment with government inspectors overseeing construction every step of the way—no weather stresses on men and materials, and no question of cutting corners on quality and safety. Where there is quality, there is value. Modular homes have unparalleled quality that will hold or appreciate value in the future as much as, if not more than, on-site built homes.
In the market for a modular home in Edmonton or a modular home in Spruce Grove? Give us a call at Roca Modular Homes. We’ve been building quality affordable modular homes in Edmonton for over 30 years.
Roca's modular home prices in Edmonton will leave you pleasantly surprised.
Give us a call at Roca Modular Homes about a modular home in Edmonton. We’re locally owned and operated and look forward to hearing from you!