Modular homes: Fast, strong and smart construction
Modular construction has evolved from ancient Roman forts to 1900s' home-building kits to its ambitious use today as modular hotels, offices and industrial spaces. Residential modular construction is now popular with residential builders and buyers looking for efficiency and variety.
What is a "modular home"?
"Modular" refers to the process where a building is constructed off-site from its intended location. While that might sound similar to a manufactured or mobile home, modular homes are constructed to be sturdy, permanent fixtures.
How are they built?
Modular homes are typically constructed in components (or "modules) in a factory with the same materials in traditionally built homes, then transferred to the construction site before being installed. More traditional methods are constructed piece-by-piece and floor-by-floor on the property site.
What are the benefits of modular homes?
Homebuyers and homeowners seeking to renovate their property or buy a new construction property can choose modular over manufactured or conventional construction for a number of reasons:
- It's greener: Most homes require a lot of raw materials to construct, but modular construction homes are assembled and can be disassembled, relocated and refurbished—reducing the need for raw materials. Waste is eliminated by recycling materials, controlling inventory and protecting building materials.
- It's faster: Modular homes are assembled and transported in sections, making installation generally faster than other construction methods. And because the modular buildings are assembled off-site, builders have less to worry about when it comes to weather delays. Skender, a Chicago-based construction company, claim they save about 15% on costs with modular as opposed to traditional construction, and reduce their timeline by around 40%.1
- It's stronger: Generally stronger than site-built homes, modular building independently withstands transportation and craning onto foundations.2
- It's also safer: With less construction on-site, the risk of worker accidents may often be reduced.3
Renovation specialists and new construction financial experts at Guaranteed Rate are uniquely positioned to assist with modular construction. Their specialized knowledge of the building process and automated, digital process can help make financing the construction of modular homes a simple, hassle-free process.