New to Modular Home Buying? Start Here!
Building a custom home has its perks. On top of giving you the freedom and enjoyment of making your dream home a reality, when you partner with the right homebuilders, you can count on:
- High quality, reliable construction
- Transparency, efficiency, and peace of mind
Part of that transparency, efficiency, and peace of mind comes from knowing exactly what to expect when you partner with a particular custom homebuilder.
Things to Consider with Modular Home Buying
There is a lot to consider before you buy or build a modular home. As you begin to explore your options, there are a few practical boxes that need to be checked off before you move. The four most important steps are:
- Thinking About Finances
- Selecting A Floor Plan
- The Location of Your Home
- Customizations and Construction
While all four of these components are equally important, when you work with a company like Carolina Custom Homes of Burlington, we’ll guide you throughout each step of your home buying journey, so you make an informed decision that works for you and your family. Together we can figure out exactly what you need to get the home of your dreams.
Think About Finances
When it comes to buying a home, the first step is assessing your finances, and what you’re willing to spend. As someone who’s new to home buying, it’s essential to think about an overall budget, which consists of two key factors: the house downpayment, and what you’ll be spending on monthly mortgage payments.
A typical down payment can be anywhere between 10%-20% of the total house cost, so keep that in mind as you start to look for a home. This will also determine how much you’re going to spend a month when it’s time to pay the mortgage. If you decide to build a home, it’s also important to think about additional modular construction costs, and how that will affect your overall budget. Ultimately, your home is an important investment, so approach it with that mindset.
By now you might be wondering: can I afford a modular home? Are there certain things I haven’t accounted for in my budget, that will affect my price point?
The truth is, the cost of a modular home is more affordable than you think, but there are always unforeseen expenses that are important to account for. It’s essential to consider all your options, which is why we recommend taking a look at two of our guides, to help you get started. For more tips on home finances, budgeting, and the average prices of a modular home, read The Basic Cost of Building a Modular Home and Can I Afford to Build a House?
Once you have a better idea of your budget, you can start to save and plan accordingly, and before you know it, you’ll be able to buy your first home thanks to ample preparation and planning!
Need help choosing the right floor plan? We’re here to guide you through the process and help you find the right fit for you and your family!
Selecting a Modular Floor Plan
One of the most exciting parts of buying or building a home is finding a floor plan that suits your family’s needs. While there are lots of styles and sizes on the market, it’s essential to consider the must-haves for your life and to find the home that checks every box.
Consider the following:
- Do you want an attic or basement?
- Is a garage a necessary addition to your floor plan?
- Are there certain features or dimensions essential for your family?
As you start this journey, it’s important to think about what matters most, and find the house that has it all. Sometimes it’s better to create exactly what you’re looking for, rather than settle for something else. That’s one of the best parts of custom modular homes: you can create the home of your dreams from an existing floor plan, or start from scratch.
One advantage of buying a modular home from Carolina Custom Homes: you can preview all of our floor plans online, and start to build your modular home online. You can browse our various styles, and see which home checks all your boxes.
Finding the modular house plan that fits your needs is important, but remember that every modular home is customizable. For more insight on family approved floor plans, explore How To Choose a Floor Plan For Me and My Family.
Learn more about the costs of building a modular home here.
Location of Your Home
One of the most important features in your home buying journey? Location, location, location.
It’s not enough to just have the perfect home, you have to be in a location that is ideal for your life. Whether that means being close to certain school districts, living near family or friends, or finding a home in a rural area, it’s a good idea to think about where you want to be, before you select your home.
For some of you, that might mean you’d like to buy land, and create a home from scratch, rather than settle for a location that doesn’t suit your family. When it comes to buying land, and the home you’ll end up living in, there are 4 Things to Consider When Buying Land.
Once you’ve sorted through the finances, home floor plans, and location possibilities, you’ll be able to think about the next steps to buying your home.
Modular Home Customizations and Construction
As you begin your home buying journey, consider the three prior steps:
If you’ve started to browse for a home, and still haven’t found everything you’re looking for, it might be time to consider building a modular home from scratch, instead of buying an existing house.
There are a lot of additional benefits to building a modular home, versus buying a prebuilt house. For instance, the modular construction process gives you the ability to adjust certain features in your home, like square footage and building materials. Modular house plans are highly adaptable, which makes modular home designs very appealing for those who want to create and customize a home to suit their needs. Plus, modular homes are built in a climate-controlled environment, unlike traditional construction. If you want to learn more about the custom building process and our extensive customization options, check out our webinar, Modulars 101: Your Guide to Customization.
Ready to Get Started?
While buying or building a home for the first time can be overwhelming, it’s important to consider all of your options, and think about what you value most within your home. If you’re ready to get started, and build a beautiful, fully customized, and super energy efficient modular home, work with the reliable builders at North Carolina Custom Homes of Burlington. We create beautiful custom homes for all our clients, and are more than happy to help you throughout this journey.