Modular Homes for Sale Cheyenne WY
907 E BoxelderPO Box 1586
Re/Max The Group
350 West A StSte 100
2012 east 3rd ave stillwater Oklahoma United States 74075
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burton enterprises inc.
po box 306
Trona Partners Inc
Re/Max Horizon Realty
830 E Richards StSte 1
Re/Max Bighorn Properties
247 Coffeen Ave
Preferred Realtors, LLC
906 Main St
6106 Yellowstone Rd
Assist 2 Sell
802 E Lincolnway
Adding Modular Homes to My Sales Inventory
| Ask Eddie - Should I Add Modular Homes to My Sales Inventory?|
Thu 12/27/07 09:02:05 pm
by Ed Hicks
I have been selling HUD Code homes from my sales center for over 15 years now and since my rate of sales has been consistently slowing down in the past 3 years, wonder if I should be adding "Modular" homes to my inventory? Fred C., Jacksonville, FL.
You should seriously consider it!
Just as multi-section homes slowly replaced singles in the late 50s and early 60s it looks like so-called "Modular" homes in many areas are beginning to attract new home buyers. And, like many retailers discovered the switch to multi-section homes came a whole host of new issues to deal with: double the transport costs, more expensive and complicated installations, utility crossovers, ridge caps, leaking ceilings, racking, leveling, etc. Some of them never made the change over.
In a similar sense, selling "Modulars" will add a new dimension in sales and home installations, when compared to HUD code homes. Most jurisdictions will require obtaining a general contractors license, or finding a qualified licensed sub-contractor, who is licensed. More complicated foundations than have been required for HUD Code homes. There are longer delivery times, and different financing and settlement issues to deal with. And, in many areas building codes may vary so there may not be the uniformity of construction standards for "Modulars" what HUD code homes have enjoyed.
And, for those of us who recognize the much lower overall cost for a HUD Code home with the same features as a "Modular", it may be a hard pill to swallow. I guess many of the horse buggy dealers never converted to selling the much more complicated automobile in the early 1900's either.
However, you should consider these issues:
Most home buyers prefer a home built to "Modular" codes over a HUD code home, and are willing to pay the premium pricing. Price savings in non-urban settings can range from 15% to 20% lower than a custom built home with the same size and features. There is much more architectural freedom to create more conventional looking homes with a "Modular". Except in areas where CC & Rs and deed restrictions prohibit them, getting land use or zoning approvals is a thing of the past, since they can be placed in any location on which a site built home may be built. There are substantial cost savings over site built homes because of the shorter time for construction, minimal shrinkage from theft or damage from weather related problems. Long term, low interest financing is available from a very wide range of lenders, at lower interest rates and terms, than for HUD code manufactured homes. Appraisals are generally higher for new and resold "M...
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