Unlocking the Hidden Value: Do Modular Homes Appreciate Like Stick-Built Homes
We often get the question, “Do modular homes appreciate at the same rate as traditionally constructed or “stick-built” homes? The following blog post delves into the factors that influence the appreciation of modular homes compared to their traditional stick-built counterparts.
Understanding Modular Homes
If you read this blog, you are familiar with modular homes – but if this is your first time here let’s first explain what modular construction means. A modular home is a home built in a factory. The factory setting offers many advantages such as speed (a home can be built in as little as six days), lower costs, and greater sustainability with a process that uses less waste and offers greater energy efficiency. Building in a climate-controlled environment also means materials are not damaged due to weather and there are no weather-related construction delays. At Westchester Modular Homes, we also customize homes to client needs.
Modular homes are constructed in sections or modules, which are then transported to the site and assembled on a permanent foundation. Modular homes adhere to the same strict local building codes as stick-built homes.
Stick-built homes are built on-site and use traditional building methods. The primary structural elements are wooden frames or “sticks” and the homes are built from the ground up starting with the foundation.
So do these two types of homes, built differently, appreciate the same?
Appreciation Factors for a Modular and Stick-Built Home
Let’s assess what are the factors that make a home appreciate and how it would differ between modular versus stick-built.
- Location: Both modular and stick-built homes appreciate based on the location. A desirable location will make either appreciate. Quality of area schools, proximity to transportation, ease of commute, or amenities can all drive home values regardless of the type of construction.
- Market Trends: Economic factors, housing demand, and market trends play significant roles in home appreciation.
- Maintenance and Upkeep: Proper maintenance and regular upkeep are essential for preserving the value of any home. Modular homes, with their standardized construction process and quality materials, may require less maintenance compared to older stick-built homes. Lower maintenance costs can contribute to higher overall appreciation.
Conclusion
Modular homes offer many advantages over stick-built homes and appreciate the same if not better than stick-built homes in many cases. Learn more about the advantages of building a modular home.
About Westchester Modular Homes Construction Corp.
Westchester Modular Homes Construction Corp. has built thousands of premium custom homes usually at a lower cost than traditional construction methods while still meeting the most exacting standards for quality workmanship.
We serve Westchester, Putnam, Dutchess, Orange, Rockland, and Sullivan counties in New York, along with Sussex County in New Jersey and Pike County in Pennsylvania.
Learn more by joining one of our convenient virtual tours of our factory. You can sign up at Modular Home | Westchester Modular Homes Construction Corp (wmhconstruction.com)
You’ll learn first-hand about our quality, service, innovation, and agile speed and have a chance to ask your questions about modular home building
Access our free guide that outlines the key features of building a modular home.
Or give us a call at (845) 278-1700 and we’d welcome the chance to help you start planning your dream home.
