5 Basic Facts to Know about Modular Homes
As the populations in both urban and rural settings rise, the demand for housing has increased drastically over the years. The world will consist of over 8 billion people in 2023 and that provides a huge opportunity for the housing industry. Cheaper and stronger houses that require less space and are efficiently designed, therefore, become a necessity.
Modular housing is a great solution to most problems the housing industry has to face in the coming future. Primarily designed to be cheap and save space, these houses can fill the gap in the market that traditional construction cannot.
What are Modular Homes?
Ready-made houses, of course! Modular homes are built inside workshops and are delivered to their owners. However, they are not limited to off-site building. Most modular homes are built onsite as well. Each part is put to place in a Lego-like setting. The benefit of this is that the houses can be built quickly and require less resources to build unlike traditional houses.
Bonus fact – Modular homes are not built on permanent foundations thus, putting them in the category of mobile homes. However, you can change this according to your own needs.
5 Basic Facts you should know about Modular Homes
There are several features that distinguish modular homes with those of traditional homes. New and innovative ideas by entrepreneurs are creating a demand for future homes that might replace the old brick and mortar homes of the past. Modular homes are not only cozy but they are built according to your specifications which is the icing on the cake.
Here are the 5 basic facts regarding Modular homes that you might not know about.
Not all Modular Homes look alike
A common misconception among a lot of people is that modular homes tend to look alike and therefore, the desire to own one reduces. That is not at all true and probably a rumor thrown out into the world by the construction industry.
You can easily design your own Modular Home using a design interface or have a designer from Modular Tech take your details of what you want the house to look like from the outside. Whether it is a minimalist look or a home from a gothic age, our construction teams can build pretty much anything as long as they follow the laws of basic geometry.
Can be Customized
You can customize the inside of your modular home as you best see fit. That’s right. If you don’t like where a kitchen sink is or if you think the living room is taking up more space than your bedroom, you can change the design accordingly. Additional customizations may cost a bit more, but even then, the cost will still remain lower than traditional housing standards. Make your modular home on your own terms and in your own way.
Categorized as “Actual Property”
Modular homes can be bought or sold as actual property. They are considered as real estate and can be sold as long as they have buyer for them. Since there is a demand in the market, it won’t be long before your property fetches the right price.
Considered as Green Buildings
This is the best part about Modular Homes. Since they are built with minimum resources, they are considered as green buildings. If you are someone who is concerned about the environment and still wish to own a place, congratulations, you do not have to find a cave or settle in your parent’s basement.
Additionally, Modular homes can be customized to add solar panels, wind mills as well as rain collection units to help assist you in becoming totally independent and eco-friendly.
Insurance Premiums are the same
Your insurance company will cover your modular home as it is an actual property. Therefore, the myth surrounding whether you can get the same amount of insurance premiums on modular homes or not is wrong.
Modular homes are fairly new but are quickly gaining the attention of investors around the world. Governments can utilize this resource to give homes to tons of homeless people all across the globe. Even if these people live in the most rural and inaccessible places. What’s more is that they are aligned to the United Nation’s Sustainable Development Goals and therefore, become a viable solution for the future.