With the rising cost of home ownership, everyone is exploring ways to save on their new home. You hear a lot about the tiny home trend these days, although their numbers are relatively few and places to put them are limited. A much more commonly considered option is the modular, or prefabricated, home. Are modular homes a good way to get the most for your money on housing? Let’s take a look at a few things you should consider.
What is a modular home?
A modular or prefab home is partially built in a factory. The home arrives in modules, or panels, at your location, and is assembled at the site. Because of this, modular homes are typically built fairly quickly. They are offered in a range of designs and styles to suit buyer tastes.